Metal Detecting Forum

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Posted by: sunraysux
Date: October 11, 2018 10:23AM
hey there guys.....a generic inquiry here
i am a coin guy...have been forever, so i am not big on selling my coins unless they are dupes or trips
but the rings and jewelry that we accumulate over years of walking around with a detector( mine are Etrac and NOX)....
do you guys sell them as bulk precious metal...or try to resell on @#$%&/Etsy?
i am curious as it seems to me that many of the items are worth more than you would get for them at melt...
was hoping to hear from some of you that have successfully sold off jewelry and other sterling or gold items instead of just melting them down
thank you in advance!!!

Posted by: REVIER
Date: October 11, 2018 06:50PM
My broken,crushed and a few other gold items missing stones I have sold for melt over the years and got close to $1500 or so for things I would have had just sitting in a box or bag or on display somewhere.
A few gold and silver finds are now my wife's property, two gold rings I kept for myself.
I still have more gold, these are pretty large or in good shape, most with diamonds or intact and large that I would be foolish to sell for melt but I still have not gotten off my butt to sell in other ways.
Maybe ( Edit) maybe even a flea market one day even though most are looking for cheap in those.
Plus I have a whole lot of silver, I might have a yard sale someday and even if I get $10 a ring it can still add up if you sell a lot of them.

Then again it is nice to have some shiny things when you have collections and displays you can admire yourself or show off to others.

I have found way more precious metal than I thought possible when I started in this hobby so I am thrilled to have given my wife some to make her happy, thrilled to have kept some I love for myself and thrilled to have sold others to get money to finance my hobby which is where most of that money goes to.
The pieces I have left will be sold one day, until then I just consider them a unique form of savings account.

Out of everything I have experienced in this hobby one that stands out the most is how I felt when I saw the look on my wife's face when I gave her a class ring that we ordered from Jostens...several years after she graduated from college.
She worked full time and still went to college and studied for several years to get her degree and it was hard.
It was one of the things she accomplished in life that she is most proud of and so was I when I heard about it.
I did not know her when she did it but I was able to complete her dream and buy her a $700 gold class ring later in life...the correct year was even put on it just like she received it the year she graduated.
It was important to me that I bought her this ring from the money I made finding gold in this hobby and not just money I earned from a regular job.
She worked hard getting her degree, I worked hard learning my detectors and how to find and dig gold and also worked hard actually finding it.
Win-win for both of us I figured, one of the most rewarding, thrilling feeling this hobby has given me so far and it was made possible by finding and selling lost gold at melt.

Below is a family pic of the gold I have sitting around that one day will be sold just for fun.
All were dug up out of the ground in public sites, not beaches.
The medallion in the middle is 14k and the wife shocked me when she said it was way to big and blingy for her to wear.
Someone found one that looked exactly like it on a website that sold highly discounted gold jewelry but it was half the size and weight of still was selling for over $400 so how much is mine actually worth?
The diamonds are real on all of them that have rocks, the bottom right is white gold with 9 diamonds and has been appraised for over $1500, the top right 2 are called channel wedding rings and are two out of 5 I have found in my career.
The top left is white and yellow gold and big, I might end up keeping this one for myself.
The small one on the left has a natural pearl and I assume is very old, a heritage piece that tests for 22k but I believe is first and only so far.
The one on the bottom left is marked 916 so 22k with a name on it.
If I buff the name off the thing a 22k ring like this is worth way more than melt as are all of these pieces.
The one with the red stone is broken but the wife likes it so I will repair it and give it to her.
This is that personal savings account I mentioned, just gathering them up to take this pic made me smile, you just gotta love a hobby that can pay you back.

Selling all of these or even just a few of these, even at melt, still will net me enough to buy a whole lot of equipment for this hobby if I want to, at close to retail not much high end would be out of my range, but right now I am happy. Maybe one day.

"What if doing the Hokey Pokey really IS what it's all about?”
Currently using an F70 and a Mojave....and a Nox.

Posted by: pan4au
Date: October 11, 2018 08:59PM
I don't sell what I find with the exception when I was out of work a few years ago. I sold a few rings and LA state seal button and some gold nuggets in order to make my mortgage payments.

Tn. TH'er
Nox 800
Minelab E-trac..
Fisher 1266X
Fisher F75 SE
Garrett Master Hunter 7X
Garrett Freedom II Plus
Minelab Pro-Find 35
Modded Cen-Tech pinpointer

Posted by: John-Edmonton
Date: October 12, 2018 12:31PM
Selling jewelry on line and trying to get more then melt value can be very time consuming. If you have lots of time, by all means, try and sell the jewelry. You are competing with thousands of others selling jewelry. I have sent my silver and gold to a refinery in the past, got >90% of melt value.

My most recent cash-out included about 5-6 years of gold and silver.

Posted by: jim tn
Date: October 13, 2018 05:27PM
I sell everything! Wife has no interest in gold and silver, so after accumulating enough to make a worth while melt value return I send it to a smelter. I average 100 + silver coin recoveries a year hunting and I sell those mostly to our club for part of the needed silver seeded coin hunt. Key and semi key date coins get shopped around to local coin dealers and also sold. Silver and gold hasn't been a good investment for quite some time, so what I sell goes towards equipment and gas. HH jim tn

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