How To Sell Gold Rings

Do you want to get rid of your engagement ring to make room for a new wedding band? If so, this helpful guide will show you exactly how you can sell gold rings.

The first thing you need to realize is that rings tend to have more of a sentimental value, apart from their intrinsic material value. Therefore, any sentimental attachment you have to your valuable ornament shouldn't cloud your judgment, especially regarding its actual worth. On the other hand, the value attached to rings can also work to your favor, since you're more likely to find willing buyers, if it's in good condition.

Important Considerations

The first step would involve an evaluation of what the true value of your ring is. Any dealer to whom you sell the ring will determine its price based on its weight as well as the purity of gold.

Remember that the weight you use is not exactly similar to what gold dealers use. The Perth Mint reveals that your typical avoirdupois ounce is actually much lighter than the troy ounce used by the precious metal industry. One troy ounce is made of 1.097142794 ounces or 31.1034768 grams. Therefore, you shouldn't be shocked to find a dealer's measurement being lower than what you expected.

Types of Gold Rings

The type of ring you have can also affect the price you get for it or the interest by buyers to purchase it from you. Gold rings may be found in three varieties:

(i) Yellow: Such rings possess the natural yellow tinge of the precious metal.

(ii) White: White rings are simply plated with rhodium. This white surface can wear off after a while, reverting back to the yellow color.

(iii) Rose: A pink tint is achieved by adding copper alloy. Deeper tones mean there's more copper added.

What to Do Before You Sell

Now that you know about the different types of gold rings and how to appropriately measure their value, you can focus on selling it:

1. Check for hallmarks:

If there are any hallmarks on the ring, this will help you evaluate its value. For instance, 9 carat gold would be indicated by the number 375 on the surface.

2. Look for the best price:

Before agreeing to sell, you must be sure of the true worth of your ring. This is especially so for un-hallmarked jewelry, since you cannot easily determine the purity of its gold content. In such a case, you can take it to the jewelers, who will test it for you.

In case the trinkets have stones, you should also have these assessed by a jeweler. Such precious stones can add to the value of your ornamental piece. Most of all, you need to search for the best offers before selling.

3. Provide as much information as possible:

When describing your ring to potential buyers, you must provide as much information as possible. Make sure that you give all the relevant details that will provide the best assessment of what you have to offer. You should detail such aspects as the size of your ring and information on any stones set in it.


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Abraham boasts of immense experience dealing with gold. He will help you make informed decisions concerning your prized possessions. For more information and advice, visit http://sellgoldsydney.com/ .