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Thoughts on Selling Wedding Rings

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Let me preface this post by saying that I am NOT ready to sell my ring(s) just yet. But I’d like to crowd-source some info and get opinions from those who have been there/done that on what worked or what to avoid.

Let’s talk rings. Engagement rings, specifically.

When hubs and I split up, we each kept our own rings. I typically wore just my wedding band – a thin solid gold band. While I LOVED my engagement ring, I found it to be a little too big and gaudy. It’d often snag fabrics and just get in the way in general. Plus, it was white gold and while I like the color white gold, the rhodium plating wears off with use (unlike a platinum band or yellow gold band, for comparison) so I never wanted to wear it when I was jogging or working out, etc. In total, I usually wore my actual engagement ring only once or twice a month. All the rest of the time, I just wore the solid gold wedding band.

When talking to a girlfriend recently, she brought up the idea of selling my engagement ring. Maybe it sounds naive, but the thought honestly had not even occurred to me. And although I don’t feel like I’m in a place to run out and sell my ring today…..I do think it’s prudent to start gathering information on the best ways to go about selling one’s old ring. I still have the original paperwork. The ring’s retail price was originally $6,000. Even if I could only sell it for half that amount….I could really use the $3,000-ish it might fetch.

But in talking to a couple other divorced ladies, many of them commented that they were only able to get a couple hundred bucks for their wedding rings. It doesn’t seem worth if if that’s the going rate. I definitely don’t expect to get retail value….but I’m not going to sell a $6,000 ring for $500 either.

What are your thoughts? Have you had good luck (or bad luck) with any specific sites or services? I’ve read that online resale is the way to go (in contrast to going to a local pawn shop or jewelry store where they just melt it down and give you the price of scrap gold). But it feels scary to sell a ring online – I’d want to make sure it’s a super reputable site, etc. I’d love to hear any tips or suggestions/recommendations the BAD readership may have!

 


An Expensive Lesson – Pay before You Leave

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I learned an expensive lesson this trip. When you park at a Premium Parking lot in New Orleans, you must pay before you walk away from your car. You can probably guess that I did not do that…

And after a couple of hours of walking around and enjoying the sights, we came back to continue on our roadtrip to Texas to a boot on our rental car AND a sticker notifying me of a $90 fee to get the boot removed! Ugh!

At first, I thought it was an error. I thought maybe someone who had this rental car before us had not paid something and we were getting held accountable for it. It was very frustrating, especially since we had over 7 more hours to drive that day.

As I read the notice, and realized that we were booted because we had not pre-paid, I began to look around for signs that indicated that prepay was required. This was all I could see from the car…No pre-pay notice.

Needless to say, I had to call the number, pay the $90 and wait for them to come release us. All in all in took over 1 and 1/2 hours from the time we arrived back at the car until we were on the road again. Precious time when you are on a roadtrip, not to mention the money, I had not budgeted for. Again, ugh!

We did finally see a pre-pay notice…on our exit from the lot at the back of the lot!!!

Needless to say, I am going to dispute the charge and file a complaint and praying I can get that $90 back. But no guarantees.

As often as I have flown by the seat of my pants when it comes to finances, this was another lesson on why it is important to have a cushion and plan as much as you can for the unexpected. I was very grateful to have some extra built into my travel budget so this fee did not cause a hardship on the rest of our trip. And in the past, it very well could have!

We all experience car wrecks and car issues, medical emergencies and household challenges that can strain our finances. Have you ever been surprised by something like this that you truly don’t believe you should have to be responsible for?

 

 


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