When and how do you sell your finds?

Heya,

I'm sure this is answered someplace in these forums, but I cannot seem to locate it, and I am not really sure which board to find it.

I have a few questions on what you guys do with your precious metals and stones?

Say you find an engagement ring made of 10K gold and has a big honking diamond in it.  Do you sell the stone and gold separately?  Do you take the ring to a jeweler and sell it off at standard gold and diamond prices?

Or do you gather all like gold item (such as 10k), remove the stones and what not, then melt it into a lump?   (Same question for silver)

Or do you take it all to a jeweler to do and sell that...

I haven't found the first big ticket item yet...but when I do I want to be ready

Thanks,
Chris



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When it comes to jewelry, a lot is going to depend upon the individual item, what it appraises for, and whether you can find someone to sell it for you without taking an unreasonable cut.   If you can get more selling it as a whole, do it that way.   If scrap pays more, go that way.

BA

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Thanks for the help guys

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