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The Water Cooler
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whats this ring worth?
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<blockquote data-quote="10Seconds" data-source="post: 1827813" data-attributes="member: 24432"><p>I had a similar ring from my first marriage, I got $400 when I sold it. Paid 3x that for it 15 years ago when gold was $300/oz. Good luck, as others have posted, jewelry markups are ridiculous, and the appraisals are a joke too. </p><p></p><p>I think the high appraisals are scam that the insurances companies are in on too: With a high "value" they charge you a higher premium to insure it, then if they ever do have a loss after years of payments, they replace it at the actual wholesale cost.</p></blockquote><p></p>
[QUOTE="10Seconds, post: 1827813, member: 24432"] I had a similar ring from my first marriage, I got $400 when I sold it. Paid 3x that for it 15 years ago when gold was $300/oz. Good luck, as others have posted, jewelry markups are ridiculous, and the appraisals are a joke too. I think the high appraisals are scam that the insurances companies are in on too: With a high "value" they charge you a higher premium to insure it, then if they ever do have a loss after years of payments, they replace it at the actual wholesale cost. [/QUOTE]
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