I have an 18K gold wedding ring that belonged to my sister's husband and was given to him by his father in Italy. Inside it says 750 and the jewelers initials which is what I think they used to do way back when? I was going to make it part of a listing with two vintage signed brooches and thought to start the listing at just the value of the ring on auction. Is that a good idea? I also have some other gold jewelry made in Italy 18K from Tiffany and Co and I have a written appraisal from a jeweler on everything and was wondering if it is a good idea to start the auction at 50% the value and see where it goes on the necklace and gold and diamond earrings. The appraisal was for insurance purposes. Thank you in advance!
I've learned it's better to sell gold and silver to a pawn shop for the value of the metal than try to sell it here on ebay. I just sold a scratched up sterling bowl to a local pawn dealer yesterday for $120.00. The week before I sold a sterling salt/pepper shaker set to the same dealer foir $32.00. The shaker set was bringing $9.99 on ebay. As saturated as jewelry is on ebay the chances of selling at all is pretty slim.
I did well selling scrap gold here..no problems.
If your 18k ring is 2.32 grams, you should end up with somewhere between $60 and $70 in your pocket, after ebay fees are taken out. If you deal with a pawnbroker, probably about half of that.
I don't scrap gold on ebay anymore because I have better outlets (but not all that much better), but I've always done well with it when selling it here in the past. If you sell it on ebay, you should do considerably better than if you deal with any of the local buyers in your area.
I need to add that the prices in my post are relevant to the current price of gold, which is hovering around $1450/ozt. Hopefully by the time you sell your jewelry, the price will be higher.