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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!

 


Unexpected Rewards Just-In-Time for Christmas

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I was just talking about my super tight Christmas budget. I loved all your suggestions for inexpensive gifts and wanted to say a big THANK YOU for all the practical tips and recommendations. I’m totally doing many of the things you’d recommended in the comments.

But even so, I was feeling a little defeated about not having anything “big” for the kids. And I use the term “big” loosely. I’m not talking about an expensive gift worth hundreds of dollars. But I wanted to find something that would be “special.” Something in the range of $25-30 that they’d be excited about. But even a $25 gift wasn’t in the budget.

And then…an unexpected reward showed up in the mail.

About a month after I moved, I got a new cell phone line (removing my line from the old shared/family plan). Apparently there was a promotion where you receive a $100 Visa Gift Card after 3 months of on-time payments. Well, I hit the 3-month mark and guess what showed up in the mail – my $100 Visa Gift Card that I’d totally forgotten all about! WOOOOOO!!!!

I’m definitely not blowing it all in one place, but it provides just a little bit of cushion to get a “big” gift (again – like a $25 price tag) and stocking stuffers (which I hadn’t initially thought to include in my original Christmas budget, but which add up in cost quickly!)

My goal is to keep my spending to $75 or less (approx $25/child + about $25 worth of stocking stuffers) and use the rest of the gift card for some groceries or save for another rainy day.

Pretty excited – it felt like a blessing that arrived at exactly the time I needed it!

Anyone else receive any unexpected (or forgotten) rewards just in time for Christmas or another holiday?


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