This Gold Coin Ring brought $322.05 at auction, over 2 times what the Jewelry Store offered!
Here’s another Auction Bay success story, with a very satisfied consignor!
Our consignor brought in this ring to see if we could manage a better sale price than she was offered by a jeweler. When she took it to a jewelry store for an estimate, she was offered a mere $150 for her item, and we were confident we could best that.
The Ring was a curious piece, made of a 2 ½ Dollar Gold Coin built into a custom round setting. The coin itself was in good condition, showing plenty of detail, and the ring did a great job of framing the coin, so it had the benefits of three kinds of value: numismatic (a collectible coin), intrinsic (a handsome piece of jewelry), and actual gold value. We listed it to show off all three of those, and our methods led to a sale of $322.05! That’s over two times what the jewelry store offered our consignor!
We encounter this pattern often. A jeweler will offer you an amount for your gold which still allows them room to make a profit when they re-sell an item. This is understandable, as they have expenses to cover, but it still leaves you wanting for the rest of your gold value! In the case of scrap gold, they have to take that gold, melt it, fashion it into new jewelry, and then turn a profit on top of that. But when we at Auction Bay sell gold for you on eBay, your item will always sell for its gram weight value or higher! We take specific measures to ensure that your gold gets sold for the greatest possible value that the market will bear, because the only way that we make money is if you make money. If you want to learn more about our process, check out our Coins & Gold page for more information.
Auction Bay offers you the best and safest method to convert your gold into cash.
