Old wedding band

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izreel
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Joined: Thu May 09, 2013 12:07 pm
Location: Upstate NY

Old wedding band

Post by izreel » Thu Jul 11, 2013 7:50 am

Hey all. I have an old wedding band from a previous marriage. It's platinum and want to get rid of it. Unfortunately, it's engraved on the inside. Assuming it would be difficult to sell with the engraving. Anyone have any good advice on selling it?

mbres60
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Re: Old wedding band

Post by mbres60 » Thu Jul 11, 2013 8:57 am

Try going to jewelry stores that buy gold. they probably buy platinum too.

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cheese_breath
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Re: Old wedding band

Post by cheese_breath » Thu Jul 11, 2013 9:24 am

Mine from my first marriage went into the trash.
The surest way to know the future is when it becomes the past.

chaz
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Re: Old wedding band

Post by chaz » Thu Jul 11, 2013 10:50 am

Try ebay.
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MnD
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Re: Old wedding band

Post by MnD » Thu Jul 11, 2013 10:59 am

Most major cities have one or two reputable precious metals buyers/sellers that pay close to spot bullion prices and dozens of total rip-off artists.
Independently find out the weight and composition and estimate the bullion value from the spot price here http://www.kitco.com/charts/liveplatinum.html
Then see what you are offered. The motel deals and tiny strip mall places are almost always a rip-off.
The reputable places will have been in business for a long time and will do high volume and may be a jeweler or a coin dealership.

Here's the best place in Denver so you can get an idea what a reputable operation looks like. Note they have the spot bullion prices right on the web site.
http://www.rmcoin.com/index.htm
70/30 AA, Global market cap equity. Rebalance if FI <25% or >35%. Weighted ER< .10%. 5% of annual portfolio balance SWR, Proportional (to AA) withdrawals.

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Raymond
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Re: Old wedding band

Post by Raymond » Thu Jul 11, 2013 11:14 am

Midwest Refineries, LLC - Platinum

I have no personal experience with them, but they have an excellent reputation.
"Ritter, Tod und Teufel"

SKILV
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Joined: Mon Jun 20, 2011 2:50 pm

Re: Old wedding band

Post by SKILV » Fri Jul 12, 2013 10:55 am

+1 on Midwest Refineries
I had a chance to use them about a year ago. I sent them a small amount of silver & 3 gold rings. Received a check within one week at a reasonable price. Start with their website to proceed.

Topic Author
izreel
Posts: 52
Joined: Thu May 09, 2013 12:07 pm
Location: Upstate NY

Re: Old wedding band

Post by izreel » Fri Jul 12, 2013 12:56 pm

Thanks. I will take a look at midwest.

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SquawkIdent
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Location: Planet Earth

Re: Old wedding band

Post by SquawkIdent » Fri Jul 12, 2013 3:41 pm

Sold mine and put the proceeds towards my first alimony payment. :sharebeer

VTXVX
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Re: Old wedding band

Post by VTXVX » Fri Jul 12, 2013 6:46 pm

Delete
Last edited by VTXVX on Sun Jun 22, 2014 7:04 pm, edited 1 time in total.

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mike143
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Re: Old wedding band

Post by mike143 » Fri Jul 12, 2013 7:42 pm

You didn't keep it for the next marriage, a quick Dremel would take care of the initials. I don't wear a ring, it has no value. People actually pursue the married for a quick hookup without the commitment. My loyalty has more value than any piece of metal ever will.
Nothing is free, someone pays...You can't spend your way to financial freedom.

coffeehubcap
Posts: 221
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Re: Old wedding band

Post by coffeehubcap » Fri Jul 12, 2013 7:47 pm

Melt it down and make a ring you'd like to wear.

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Hat
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Re: Old wedding band

Post by Hat » Sat Jul 13, 2013 10:24 am

I also had a good experience selling scrap metal to Midwest Refineries.

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Abe
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Re: Old wedding band

Post by Abe » Sat Jul 13, 2013 10:48 am

SKILV wrote:+1 on Midwest Refineries
I had a chance to use them about a year ago. I sent them a small amount of silver & 3 gold rings. Received a check within one week at a reasonable price. Start with their website to proceed.
I recommend Midwest Refineries. I have been doing business with them for a long time. All you have to do is mail it to them. They will send you a check.
Slow and steady wins the race.

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Kenkat
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Re: Old wedding band

Post by Kenkat » Sat Jul 13, 2013 11:11 am

The engraving doesn't matter as no one will want it as a ring anyway. It's value is in the melt value of the platinum. This is a commodity type transaction and it should be fairly easily converted to cash. Just be sure you get several quotes to obtain the best price.

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