Class rings may sound like a fun idea at the time, but chances are a few years later you might value having the cash a little more than an expensive token from your graduating class. Plus, they’re personal, so if you receive one as a gift or inheritance, class rings will probably not have much sentimental value.
Gold rings are one of the most popular items to be sold for cash. Depending on the quality of the ring, they can fetch hundreds or even thousands of dollars.
Typically, old class rings are sold and melted down when they get old, worn, or unimportant, then recast into new jewelry. It’s unlikely you’re going to want buy John Smith’s 1992 class ring at a pawn shop. But if it’s melted down and turned into something new and great – or just turned into a gold bar – then it’s something of value again. That’s where we come in!
There are all kinds of reasons you might want to sell your gold class rings:
Whatever the reason, our online cash for gold service can get you the most money for your unwanted gold. If your ring has other precious metals or gemstones in it, such as silver or diamonds, our team of professionals will estimate the price of each section and pay you appropriately for each one. We’ll clearly explain how your ring is priced and give you a no-obligation offer on purchasing your jewelry.
The accurate value of your class ring can only be determined after it has been expected by a professional to verify its quality, weight, and purity. If you’d like a free appraisal and offer for your gold ring and other jewelry, fill out our form on the left to print your free label or request a free cash for gold mailer pack.
The actual value of your gold ring is determined by three primary factors: purity of the gold, karat weight of the piece, and the current spot price of gold. You can read in more detail how gold pricing works, or use our gold value calculator to determine the approximate value of simple items.
Purity is the percentage of gold in any piece of metal. 24k gold is pure gold, while 12k gold would actually be 50% gold. The purity has a direct proportional impact on pricing, so a 24k gold ring would be worth double a 12k gold ring, all else equal.
The amount of gold is also important in determining the value of your ring. The heavier the ring, the more gold contained in it. There is a direct proportional impact on pricing, so a ring weighing 0.4 ounces would be worth twice as much as one weighing 0.2 ounces.
Lastly, the current value of gold is a major factor in the price of gold. Once it’s determined how much pure gold your ring contains (using purity and weight), that number needs to be multiplied by the current spot price of gold. We have the current price of gold on our site here.
There are significant costs in the gold refining process, so no cash for gold service is going to pay you the full intrinsic value of gold. From refining to processing fees, turning old jewelry into pure gold isn’t easy. At Cash for Gold Mailer, we operate as efficiently as possible and work with the lowest margins in the industry. That’s why we guarantee the best offer, local or online, for your gold and valuables. Depending on the quantity of gold you have, we can pay up to 90% of the refined value of your gold.
Ready to get started? Request a free pack today!