There are countless types and styles of rings available. Everything from common wedding bands to uncommon multiple finger rings and mourning rings. A ring can be designed and created for almost any occasion and if you intend to sell your gold ring you will want to make sure you have a good idea as to the quality and the type of ring you are selling. Less common rings may not be worth as much as wedding bands and engagement rings, so it’s important to understand the differences between them.
Gold rings can come in practically any form, however wedding and engagement rings are the most popular. Both ring types are commonly found in precious metals like gold and often times have gem stones and custom engravings. If your gold ring contains things like diamonds, it will obviously increase the ring’s value, so take that into consideration when selling it.
Class rings and championship rings are also common and often made out of precious metals. They also can contain valuable stones, much like engagement rings, and vary in size and shape. Depending on the nature of the ring, some may have significantly more value than others. For example, a Superbowl championship ring will most definitely be worth more than a high school championship ring. Rare rings like this can be worth more than their weight in gold so it’s best to shop around and talk to several different gold ring buyers before deciding to sell.*
There are other factors that can affect the rings value as well, such as the manufacturer or designer involved. Companies like Tiffany’s are known for their luxurious brand and they charge a premium as a result. If your gold engagement ring is a Tiffany it should get a higher price when you sell it versus a generic gold engagement ring.
Since rings don’t typically weigh a lot, you most likely won’t get very much from the value of the gold itself. The type of ring, its significance and design, and whether it contains precious gems or stones will be the difference maker in how much you are able to sell your ring for. You may have a gold ring that contains more actual gold then a championship ring; however its value is less due to the historical significance of that championship and desirability of a ring associated with it.
Don’t be afraid to get an appraisal before selling your gold ring, especially if it is unique. Appraisals can give you negotiating power before you sell it and allow you to get as much as possible before letting it go. If you are trying to sell a ring that is worth thousands of dollars, spending some money on an appraisal might be worth it, however if your ring is just a plain gold wedding band its probably best you just shop around for the highest price and not waste your money on an appraisal. Be sure you are working with a reputable buyer and don’t be afraid to ask questions when selling. It could be the difference between hundreds or thousands of dollars in your pocket.