Have you heard that half of all marriages end in divorce? If you do a little research online, you will learn that statistic is not true. It seems that in about 1980, the divorce rate hit an all-time high of 40%, and is be declining today. That could be because more young people are skipping marriage - and if you don’t get married, how can you get divorced?
But no matter how you consider the statistics and trends about marriages and divorce, the fact remains that there are an awful lot of previously worn wedding rings out there. They’re sitting in trays in pawn shops, up for sale on eBay . . . and maybe one is rolling around in your dresser drawer.
If you have an old wedding ring that you’d like to turn into cash, here are answers to your questions.
What Is My Ring Made Of?
Well, hopefully it is gold. And if it is, there should be a karat stamping inside it that tells you whether it is made of 14k or 18k gold, which are the most likely ratings for wedding rings. (14k gold is about 58% pure gold and 18k is about 75%; that makes them more durable than a 24k gold ring would be, which would be made of 100%, too soft for rings.)
What is the color of your ring? It could be yellow gold, rose gold, or white gold. Those hues are created by mixing other metals in with the gold the ring contains. The best way to know what your ring is made of is to call Specialty Metals Smelters and Refiners at 800-426-2344 and send your ring to our precious metals labs for testing.
What Is My Ring Worth?
Most women’s gold wedding rings weigh between 1 gram and 7 grams; most men’s rings weigh a little more, between 3 and 9 grams.
Yet remember that because karat golds are alloys (again, 14k gold is about 58% pure gold and 18k is about 75%) that means that your ring is worth less than it would be if it were made of 24k, pure gold. To know how much gold your ring contains, it should be tested. It’s easy. Call us at 800-426-2344 to find out how.
What Is the Best Way to Get Top Dollar for My Old Wedding Ring?
You could pawn it or hand it over for immediate payment at one of those roadside “we buy gold” stores. But unless you are in a rush to get cash for your old ring, we would advise you to send it to our testing labs for evaluation. A little patience on your part could result in a significantly larger payout.
Can You Get Your Hands on Several Old Wedding Rings?
Even if you have only one older wedding ring, perhaps you have several friends who have them? Why not band together and send them to us for testing? Call Specialty Metals Smelters and Refiners at 800-426-2344 to speak with our precious metals consultants. In many cases, we will pay the shipping costs for sending us your rings for testing. Be sure to ask.
Five Golden Rings: Have You Got Yours Yet?
What Makes for a Spectacular Engagement Ring? Hint - It’s Not about the Gold
What Were the Royal Wedding Rings Made Of?
What Is Karat Gold and How Can You Find Out What Yours Is Worth?