Tuesday, June 3, 2014


I'm not sure what got me thinking about gold.  Maybe it was my impending Mr. Gold impersonation.  But I got to thinking that my class ring might not be the waste of money thought it had been.

It's a 14 karat white gold ring with a black onyx stone.  I think black onyx is a classy looking stone,
but it's not precious.  Gold, on the other hand, is.  In fact it's tripled in value since I got it.

So I brought it into "The Gold Guys" because they only take a 10% cut.  And his initial offer?  $220

That's what the ring cost in 2000, and it's more than the ring's worth to me now, but shouldn't there be at least some increase?  Does Jostens markup that much?

I used a handy online calculator to figure out that $220 is 10% less than $244.45 which would equate to .37 of an ounce of 14 karat gold.  That just doesn't feel right.

Well, since they're not going to give me anything for the stone, I was planning to pull it before I sold the metal.  I'll weigh it before, and after, and let you folks know the final tally.

No comments:

Post a Comment