Marriage is something to celebrate and commemorate. However, the road beyond the nuptials can take unexpected turns. In some cases, both parties are better off parting ways. This can lead to financial difficulties. Often times selling off valuables or assets can alleviate this pressure. Regardless of the situation, selling a wedding ring is a way to acquire additional income and move on from the weight of the past.
Where Can I Sell My Wedding Ring?
There are numerous places to sell wedding rings, both online and in person. However, not all ring buyers are the same or can offer you the same payout.
Here are a few popular options and what you might expect from each:
- Pawn shops: An in-person pawn shop may agree to buy your wedding ring, depending on what their customer base is interested in. In order to make a profit, they’ll generally offer you a portion of the ring’s value.
- Jewelers: Similar to pawn shops, brick-and-mortar jewelry stores are focused on retail sales. Tupically you’ll be offered a portion of the ring’s determined resale value.
- Popular online marketplaces (Etsy, eBay, Shopify): Platforms like these allow you to sell items directly to customers, which can increase return; however it also means handling all of the setup, marketing and sales interactions. This can be time consuming and frustrating having to wait for a customer to be interested, and ultimately it may not sell at all.
- Online direct gold and diamond buyers: Companies like Cash for Gold USA are not retailers, but material buyers. Instead of taking partial pay or waiting for customers to purchase your item, you’ll be offered fair market value based on the ring’s metals and diamond’s resale value instantly upon appraisal.
Why Sell Your Wedding Ring Online with Cash for Gold USA?
Here are a few reasons why Cash for Gold USA is the best place to sell wedding rings:
- We consistently pay more than other jewelry buyers. This includes other online cash for gold businesses. If another buyer offers you a better price, we’ll match it.
- There’s no risk or obligation to sell. If you decide not to go through with the sale for any reason, we’ll send your ring back to you at no charge. All shipments are also tracked and insured throughout transit.
- Our process is quick and efficient. Requesting an appraisal kit online takes only a minute, and we’ll have your ring evaluated within 24 hours of receiving it.
- We’ll buy any wedding ring in any condition. We’re not retailers, so we’re not concerned with whether we can resell your ring. We’re interested in materials, so we’ll buy any wedding ring for the value of its precious metals and diamond. Even a ring with a broken band and missing stones can be sold for its material price.
- Our appraisals are thorough and accurate. Our appraisers are certified by the Gemological Institute of America (GIA), ensuring you get the most accurate price for your ring.
How to Sell a Wedding Ring to Cash for Gold USA
At Cash for Gold USA, we make selling an unwanted wedding ring a simple, straightforward process. Here’s how it works:
- Take a minute to fill out our short online form and request your free appraisal kit. Once it’s submitted, wait for us to send you your free shipping materials. Or you can instantly print an insured FedEx label from home and overnight your material immediately.
- Once the kit arrives, place your ring inside the provided materials and return it to us. You’ll be able to keep track of the package throughout shipping.
- When we receive your ring, we’ll have it appraised within 24 hours. As soon as it’s completed, we’ll send you our very best offer.
- If you’re happy with the offer, you can accept the payment. If you’re not satisfied or decide not to sell, you can decline the offer and we’ll send your wedding ring back to you at no cost.
Determining What a Wedding Ring Is Worth
In a retail setting, the price of a wedding ring is based on its physical components as well as its craftsmanship, brand and aesthetic value. When you sell a wedding ring online to a company like Cash for Gold USA, its value will be based solely on the materials it’s comprised of.
For precious metals like gold, silver and platinum, the price is determined by multiplying the material’s weight by the current market price per ounce. For diamonds, the market value is also based on an assessment of the stone’s quality.
Four key factors that affect a diamond’s quality and value include:
- Carat: The weight of the diamond
- Clarity: How cloudy or clear the material is, indicating flaws in the crystal
- Color: The stone’s hue (and its richness)
- Cut: The way the diamond is faceted, creating its sparkle
Once all stones have been appraised, their value will be added to that of the precious metals, giving the full material price of the ring.
The Key to Getting the Best Price for Your Wedding Ring
The most important aspect of getting a good price for your wedding ring is choosing the right buyer. Unless your wedding ring has a very rare artistic or cultural significance that may interest collectors, a materials buyer will be your best choice. When you sell to Cash for Gold USA, we’ll give you the highest price, guaranteed.
If you have the ability to wait and watch the market, it’s also ideal to sell your ring when the prices for its materials are high. Prices fluctuate constantly, but it’s possible to follow trends and take advantage of a bubble.
Get Your Wedding Ring Appraised for Free
Whether you found an old ring at an estate sale or have a wedding ring from a previous marriage, you can sell it and get extra income. At Cash for Gold USA, we guarantee you’ll get the most money possible for your ring, no matter how old or damaged it may be.
Get started by requesting your free appraisal kit online.
