Gold rings are now a common item that is being disposed of for lack of a better word, but why? You may have noticed that since 2007 the price of gold has been on an upward trend, and it’s not slowing down anytime soon. I am going to share with you why it might be time to cash in those gold rings that you no longer wear, and what the inscriptions on them mean to you today.
Why Cash in Your Gold Rings?
There are several good reasons that you may want to consider cashing in your gold rings if you AREN’T wearing them, and the biggest reason is this; if you aren’t wearing them why not get some money out of them?
I know many people including myself who had rings that they once loved, but as they acquired new ones they just don’t wear them anymore. My rule is that if I haven’t worn that ring in one year, it’s probably going to be sold. I then use the money gained to save 999.9 gold bullion.
However, I certainly wouldn’t do this if the items are sentimental, but I would if I had no use for them. Unfortunately some people need the cash to pay a bill. I find that there are many people in this situation, and sad as it is, it’s the truth! If you have gold rings that you aren’t wearing, with gold prices so high it’s TIME to CASH them IN!
Are Your Gold Rings Really Gold Rings?
Before you take your gold rings into a jeweler, pawn shop or coin shop to sell them, you need to be absolutely sure that they are in fact real gold rings. How do you know?
It’s quite simple actually, and all you need to do is look at the inscription on the inside of the ring. This will tell you what the ring is, whether it’s 10k gold, 14k gold, 18k gold, and so on. You need to make sure that this is what you are looking at before you attempt to sell something you really don’t have.
Typically any ring that was made after 1920 will have this type of inscription on it, and if it doesn’t the chances that it is gold plated are very high.
In fact, there are many items out there that are marked GP, which means that they are gold plated which means that there is a very thin layer of gold being placed onto the top of another metal. You will also find that there are items that are simply 12k gold filled, which is similar, but its solid gold bonded with heat to secure it and make it look more real.
So, be sure that you have what you think you have before you embarrass yourself with rings that simply aren’t real.
What Do Your Gold Rings Weigh?
Keep in mind that what you are getting paid for your rings will not only depend on what karat of gold they are, but it will also depend on the weight.
Your gold rings are only as valuable as they weigh and what they say, so be sure that you’re ready to part with them before you sell them.
Do you have questions about gold, and you are looking for a way to make money without selling your precious items? Don’t sell your sentimental gold rings when you can CLICK HERE to find out what opportunity awaits you on the other side!
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