(Closed) Considering selling my E-ring. :(

posted 7 years ago in Money
Post # 3
Member
2091 posts
Buzzing bee

I’m so sorry you’re going through this! I hate to say it, but I don’t think selling your e-ring will get you much. I’ve never heard of a ring being sold for more than 1/2 of it’s original price… Although someone may come along and competely prove me wrong on that one.

Post # 4
Member
14659 posts
Honey Beekeeper
  • Wedding: June 2011

=(  I’ve heard the same thing though I have had no experience trying to sell a rings so I dont know for sure.  A friend of mine bought a 1ct tiffany solitare second hand for only 6k.. I’m sure it was worth about 10k if it was from the store.  That’s my only encounter with selling rings.  Can you do a transfer balance to a lower rate card?  Is it too late to downsize the wedding?  If invites havent gone out yet.. you can still cut the list.

Post # 5
Member
3176 posts
Sugar bee
  • Wedding: May 2011

Do you need that money RIGHT this second? I know you said you’re barely getting by but you ARE getting by. In college I thought about selling my Tiffany jewelry on ebay to get some extra cash so I didn’t need to use a credit card. FH talked me out of it because I was making it and it wasn’t a huge amount of debt. I am SOOOO glad I didn’t sell that jewelry because I’d be in the same shape just without my sparkles 🙂 For me though I knew I was in a temporary state and could make things work. The additional money I would have gotten wouldn’t have been enough to make it worth it.

Good luck with whatever you decide!

Post # 6
Member
4803 posts
Honey bee
  • Wedding: August 2012

Sorry to hear that!  But do you think that if you weren’t spending the money on your wedding, you still would have received it from your parents?

Either way, I hope you can keep your e-ring.  I think you would regret selling it later on.

Post # 7
Member
78 posts
Worker bee
  • Wedding: March 2012

Why don’t you have a smaller celebration?  If possible, cut your guest list in half if you need to, and have something simpler and smaller.    That’s one of the quickest ways to save money.  But if you feel you absolutely must have that 200+ wedding, then sell off some things you don’t really need.  Maybe you don’t really need a fancy engagement ring right now.  My fiance didn’t pay anything for our engagement ring since it first belonged to his mom; it only cost $50 to refit and polish the ring and now it looks like new.  In any case, the last thing you’d want to do is start a new life together in debt.  Don’t get into more debt because of a wedding.   Find ways to cut cost by adjusting your wedding plans and/or find ways to earn more money and save. 

Post # 7
Member
10851 posts
Sugar Beekeeper
  • Wedding: September 2010

Could you take out a line of credit with a lower interest rate to pay off your credit card bill?

Post # 8
Member
1458 posts
Bumble bee
  • Wedding: January 2015

You’d be lucky to get 30-40% back on the ring, just from a practical standpoint.

Post # 10
Member
3142 posts
Sugar bee

Sorry if this is a dumb question but you’re already married right?  Like it’s a done deal?  I see your date but from your OP it sounds a bit like its still not happened?

Post # 11
Member
1529 posts
Bumble bee
  • Wedding: December 2013

my Fiance and I sold my first ring (ended up gtting screwed from the jewlers) it was almost 3ct. tw and we got $3000 for it when he had paid almost $10,000 for it origionally. I regret it everyday. i feel so bad that all that money was thrown away. you will be lucky to get $1000 for it just being honest. hope everything works out for you

Post # 13
Member
7300 posts
Busy Beekeeper
  • Wedding: September 2012

What about selling other stuff? I wanted new books. All of my books on my bookcases were from a previous relationship and I just wanted a new look. We took about 300 books to Half Price Books and they gave us $75 for all of them. That’s not much, but it’s something. Also I take my daughters old clothes to a shop that buys the gentle worn ones. I have two TV’s that are just sitting in storage and I sold those on Craigslist for $100 each.
What about finding a part time job?

Post # 14
Member
3142 posts
Sugar bee

@Wannabe-diy-bride:

Aw shit!  I’m sorry.  I am thinking in months/years ahead right now.

I got mixed up.

Is there any way you could sit down and figure out a way to trim stuff down and maybe lose only some of the deposits?  Like maybe having a civil service and just having the reception? 

I’m sorry you’re experiencing this.  Financial struggles are scary.

Post # 15
Member
9029 posts
Buzzing Beekeeper
  • Wedding: June 2011

Since your wedding is four months out are there any areas that you can cut out or change? or is everything already paid for?

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