We had been meaning to take in my class ring to sell for cash. Finally had the chance to do so today, as I got off an hour early, since I came in early.
We headed to a not-so well-known gold and silver shop. I believe it was called Idaho Gold & Silver. My class ring was 14k, had two small diamonds in the middle of the 0's for the year (2007), and one larger one right in the middle of a large grey stone that was set on the top of the ring. I cannot remember the name of the stone, but it was - at least at the time - the most expensive stone available from Jostens.
Unfortunately, the shop did not pay for either the stone or the diamonds, but that was the general consensus around town. They believed the diamonds were too small to salvage, except "maybe" the large one. I am sure that any of the shops would take it and use it or sell it though.
When it was new, my father paid around $850 for the ring. Today, with his permission of course, I got $381 just for the gold. Not too shabby, eh? At the time I sold it, gold was at $1,585/oz. So, of course, they pay a percentage of the gold content.
For an unaccounted-for income, this is a pretty good chunk of change. I had already planned on having our car's driver-side mirror fixed (~$120) and getting a stereo for the car ($~60). The stereo is already "free," because it was planned for before I received the
So, at the end of it all, we come out very much on top! We have a planned trip for Portland coming up, and we will be using some of this money for that as well, and applying the money we will be saving towards debt.
I love FREE money!
Also, came in under budget on our grocery budget for the third week in a row! We are currently $30 under budget, and will most likely end up $40 under budget by next week! How cool is that?! And we are getting more food each time!
July 15th, 2011 at 03:53 am 1310698393
July 15th, 2011 at 05:45 am 1310705127
I now wish I'd purchased gold last year when it started raising, when I thought $850 was high! Haha.
So glad to be de-cluttering and making money from it! Month before last, I sold my XBOX 360 and HDTV. It will most definitely be nice when we move in the next couple of years, as we will not have many items to move.
July 15th, 2011 at 07:51 am 1310712670
July 15th, 2011 at 03:15 pm 1310739322
- Tried doing it myself, ended up breaking the mirror at the salvage yard...
- All my cards are paid-off, as you can see...