Post by Syko Nachoman on Jun 18, 2024 11:40:00 GMT -8
So I'm going through my parents' old stuff that I inherited, and the one thing I'm struggling to deal with is the rings. I have the two wedding rings as well as five additional rings (three with stones, two without) that I found in my mom's old dresser drawers. The thing is, I have no idea whether those five other rings are just costume jewelry or if they're actually valuable. I've read that a ring appraisal can cost $50-100 per ring, so I wouldn't want to waste money getting appraisals on rings that are actually worth like $5.
Most of the rings probably aren't super valuable. I found the receipt for one of the wedding rings from the mid-1980s for $170 (about $500 in today's dollars). If I assume that the other rings are worth less than the wedding rings, then they are worth somewhere in the range of $5-500, although probably closer to the lower end of that range. It's also worth noting that my parents weren't exactly made of money, so it's unlikely that they would have spent an extravagant amount of money on rings when they had much more pressing concerns, like paying the bills. My mom also had a lot of costume jewelry (necklaces, earrings, etc.) which I confirmed were fake through a combination of finding receipts for them and talking to some of her family members, although they didn't know much about the rings.
Googling hasn't helped much. I found a "magnet test" which I tried, and I discovered that none of the rings stick to a magnet (a ring that sticks to a magnet is definitely fake, but not sticking doesn't necessarily mean that it's real). I even tried taking photos and searching for the rings on Google Images, but all the ones I tried turned up results ranging from cheap $5-20 eBay listings to real rings worth thousands of dollars. I'm not sure if there's an easy way I can figure out whether the stones/rings are made of actual valuable materials without getting them appraised and potentially wasting money. Has anyone else been in this situation? What would you recommend doing?
Most of the rings probably aren't super valuable. I found the receipt for one of the wedding rings from the mid-1980s for $170 (about $500 in today's dollars). If I assume that the other rings are worth less than the wedding rings, then they are worth somewhere in the range of $5-500, although probably closer to the lower end of that range. It's also worth noting that my parents weren't exactly made of money, so it's unlikely that they would have spent an extravagant amount of money on rings when they had much more pressing concerns, like paying the bills. My mom also had a lot of costume jewelry (necklaces, earrings, etc.) which I confirmed were fake through a combination of finding receipts for them and talking to some of her family members, although they didn't know much about the rings.
Googling hasn't helped much. I found a "magnet test" which I tried, and I discovered that none of the rings stick to a magnet (a ring that sticks to a magnet is definitely fake, but not sticking doesn't necessarily mean that it's real). I even tried taking photos and searching for the rings on Google Images, but all the ones I tried turned up results ranging from cheap $5-20 eBay listings to real rings worth thousands of dollars. I'm not sure if there's an easy way I can figure out whether the stones/rings are made of actual valuable materials without getting them appraised and potentially wasting money. Has anyone else been in this situation? What would you recommend doing?