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Appraising Inherited Rings |
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My husband inherited some rings from his mother. She had small fingers so the size doesn't fit me, and there is no other family member left. I would like to sell them but the cost of appraising is $85 per ring at the jewelers in my neighborhood. The antique stores scare me because I don't know if I can trust them. I not even know if the diamonds are real or how old the rings are.
She has about 10 rings, and I can't afford to appraise them all. I don't want to give them away either, maybe they are worth something. She had good taste. Any idea how to figure out the value of the pieces without becoming broke first. I tried books, e-bay and the internet, but don't want to take the risk of making a mistake, because I have no clue what to look for.
Jacqueline from San Mateo, CA
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RE: Appraising Inherited Rings
speaking about appraisals. I wanted a jade ring Appraised and they said they had to keep it overnight to test it..Why is that? I didn't it made me nervous. I thought they can looked thru that round(sp) but to answer your question I think you should resize the ones you like.
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RE: Appraising Inherited Rings
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Post By Cathy from Townsville, QLD (Guest Post)
(04/07/2008)
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Take them along to your local Gem & Mineral Club. Some of the members of the one here in town do written valuations for only $10. It's worth asking about.
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RE: Appraising Inherited Rings
Thank you all, it has been very helpful.
Jacqueline
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RE: Appraising Inherited Rings
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Post By Colleen (Guest Post)
(03/20/2008)
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If you take them into a small, locally owned jewelry store they should be able to look at them and tell you which ones are worth apprasing. A detailed apprasal requires taking exact measurements of the stones. Just explain your situation and ask them to help you out with which ones are even real and which ones they thinks should be apraised. Before you do this, look for stamps on the inside to see if any are stamped as gold, platinum, or silver
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RE: Appraising Inherited Rings
I used to work in a retail jewelry dept. and we could usually size rings up or down 2 sizes. More than that, the stones might fall out or the design ruined. Be sure you check on that.
You might also consider removing the stones and having it all re-made into a bracelet or necklace or pin.
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RE: Appraising Inherited Rings
Another option is if you have a reputable pawn shop in your area, these folks can usually give you a pretty good idea of what your jewelry is worth, and often won't charge anything, in the hopes that you will bring them return business. If not, they should know where you can get them done.
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RE: Appraising Inherited Rings
Lucky you! have them expanded to fit and wear them in style!
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RE: Appraising Inherited Rings
I agree with another poster, just resize the rings that you really like. Maybe keeping some or all of them in the family would be nice!
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RE: Appraising Inherited Rings
You might take them to a jewelry store and ask about what they're worth. Most jewelers will verbally tell you what they think. I believe an appraisal actually consists of paperwork and is therefore much more expensive. I took a ring in once to be cleaned. As I was filling out the paperwork, I was asked how much it was worth and I told them I had no idea. The jeweler did a "best guess" for insurance purposes and it actually turned out to be a bit more than my husband paid for it.
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RE: Appraising Inherited Rings
This was the quote I got from my jeweler for resizing my ring to a larger size.
Also, when you bring in the ring(s) for resizing (or when you pick it up after it's resized) the jeweler will at least be able to tell you verbally if the stone is genuine.
Good luck!
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RE: Appraising Inherited Rings
Thank you for the info, I will look into this. One more question though, can they resize to a bigger size ring for this amount? Jacqueline
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RE: Finding Out Value of Inherited Rings
Are they antiques? Native American pieces? Did she purchase them recently? Where did she purchase them from? Online? On tv? From jewelers? These should be taken into consideration when deciding whether or not to appraise.
Check out online jewelry sites like bidz.com and see if there is anything that looks remotely close to what you have. You can get a "retail value" as well as what the ring sells for ultimately (usually about 10% - 50% of "retail"
Appraise one ring at a time (stick with a qualified jeweler)
Appraisals are important, not only to satiate your curiosity....but if you've got a small fortune in your home, you'll want your insurance company to know too !
If you like any of the rings, a jeweler can easily resize them -- it should only cost about $20 - $25 per ring. Do it one by one and you won't feel the pinch so much.
You could also see if Antiques Roadshow is heading your way soon.
http://www.pbs.org/wgbh/roadshow/index.html
Here are other good links:
http://phoenix.about.com/od/shoppingandservices/a/jewelry.htm
http://www.mygrannysatticantiques.com/html/value_your_antiques.html
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