How to Sell Your Gold Rings

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Sell Your Gold Rings
Sell Your Gold Rings (Image: Darrel Willman)

If you have jewelry you want to part with, there are many ways to do it. Gold rings are especially easy to sell because they can be worn by anybody, regardless of age. Depending on whether you’re in a rush to sell the rings or you would rather take your time but make the most money, your options are numerous.

Talk to a local jeweler. If your rings are relatively new and simple, without special stones or ornaments, you may want to consider selling them by weight. While this will probably bring in less money than selling them as individual items, it can be a great option if the rings are heavy or if you’re in a rush to sell them.

Pawn them. Gold rings that are especially valuable or that you don’t want to lose permanently can be pawned to be retrieved at a later date. Keep in mind that pawning an item will bring in a lot less money than actually selling the item (estimate about 40 percent of the real price of the item).

Sell the rings on eBay. This is an especially good idea if you have a valuable item, something that can be considered collectible or that you feel can reach a good price in an auction. For an effective auction, you will need lots of close-up photos, an accurate description and details about the history and value of the item.

Look for specialty Websites and shops if your gold rings have diamonds or other types of precious stones embedded in them. Companies such as ThingsWeBuy.com will appraise your jewelry for free and then put it up for sale at their Website or buy it directly.

Post your gold rings for sale on Craigslist.org. If you do this, you will be able to meet locally with potential buyers and exchange cash for the rings. As with auctions, you will still a detailed description of the ring, but you should avoid including personal information on the ad, such as your address, phone number or full name.

Tips & Warnings

  • Always negotiate prices. Whatever you’re offered by the buyer, try to push it up. If you’re selling this directly to buyers, rather than to a shop, you should also be open to lower the price or to offer a discount.
  • If you’re selling your gold rings face to face, take precautions when meeting potential buyers. Either arrange to do it in a public place or make sure somebody’s at home with you at the time of the meeting.

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