Should I sell my wedding ring from my first marriage?
By momiecat
@momiecat (997)
United States
June 16, 2009 12:01pm CST
Well, the first husband is long gone (not dead but out of the picture) but I have held onto the ring for 30 years. I don't have any kind of feelings for the ex (but may be disgust) but I did like the ring. I have been keeping it because it is diamonds and I love the ring as a piece of jewelry but I do not wear it. I don't have kids to give it to, so I am wondering if I should sell it. I mean, I probably won't get anywhere near the amount of money my ex paid for it, so I hate to take a loss and give up something that is pretty and has some meaning to me. I am not sentimental about the guy but the fact that it was my first marriage and I valued the ring as I valued my commitment, even though the guy did not. So, what is it really worth? Not that sentimental, pretty but no one to give it to. I am wondering where is the best place to sell it to get the highest value for it?
8 people like this
18 responses
@whywiki (6066)
• Canada
16 Jun 09
I still wear the engagement ring I got from an ex. I have no feelings for him I just like the ring. We broke up on friendly terms so I kept the ring as he didn't want it. I would keep the ring if you like it. It would be a shame to sell it then regret it.
@momiecat (997)
• United States
16 Jun 09
I think that is why I have kept the ring for so long. I like it but I never wear it. Both the engagement and the wedding band have diamonds and they are soldered together. If they weren't I may be could wear the ring on my right hand but I don't think that would be fair to my current husband. I am still torn. Do I want the money or the sentiment? Good thing to break up on friendly terms. My sister-in-law did that with her ex but they have a kid together.
1 person likes this
@momiecat (997)
• United States
17 Jun 09
Believe me, this is not an easy decision for me. Our property tax bill is $4000. We live from month to month on our paychecks. It is hard to save that extra money for things like taxes and unexpected expenses. I will know more and have a better idea in my head as to whether or not it will be worth it to sell it after I get some appraisals.
@twoey68 (13627)
• United States
17 Jun 09
Since, as you say, it has no sentimental value in regards to your ex and you don't wear it and have no one to hand it down to, I'd probably opt to sell it. I'd shop around though for the best price you can get and then maybe use a little of the money you get to buy you another ring that you really like.
Most ppl I know that hang onto things like that is for sentimental reasons.
[b]~~AT PEACE WITHIN~~
**STAND STRONG IN YOUR BELIEFS**[/b]
1 person likes this
@momiecat (997)
• United States
17 Jun 09
The ring is sentimental only in regards to the fact that it was my first marriage and I also love diamonds and gold. I will probably end up selling it if I can get a good price for it. If not, I may have the diamonds set in another type of ring that would look less like a wedding ring, then I could enjoy the ring more rather than have it tucked away in a place where I don't even look at it.
@gayathri_nugur (125)
• India
17 Jun 09
I request you to not to sell the ring for any person.It is a wonderful gift given to you by a man.Gifts should not be sold.Instead if you are in need of money then sell it,or else keep it with you as it is valuable.
@momiecat (997)
• United States
17 Jun 09
You are right, it is a wonderful gift. It would be even more wonderful if it had meant something to my ex but that would have been my thought at the time. Now it is different because I do wear a ring given to me by a man who really loves me. The ring is also very beautiful and even more sentimental than the first ring I received. As far as my first ring being valuable, with all the posts I have read indicating that I may not even get half of what it was originally purchased for, I am not sure if is valuable to anyone but myself.
@momiecat (997)
• United States
17 Jun 09
This was my first marriage and that was a long time ago. I do not have any sentimental feelings towards the marriage now. It is all "water under the bridge" as my mom would say. I basically am thinking of selling it because we need the money for property taxes. I wish we didn't and I wish I could keep it but that is because I am a sentimental person who likes diamonds. We will see once I get the appraisals. That will be the deciding factor.
@liuchen63 (270)
• China
17 Jun 09
I think you'd better keep it as it's very meaningful.Although the old one is gone,the special time has been witnessed.So keep it as a souvenir.
1 person likes this
@momiecat (997)
• United States
17 Jun 09
It is meaningful to me but only in the sense that it was my first marriage and it was a symbol of what is supposed to be one of the best events in your life. Since that does not mean anything now, with regards to my ex, the value it holds is in its beauty and the fact that it was my first marriage. I will keep it if I decide that selling it will not do much to help pay our property taxes.
@scarlet_woman (23463)
• United States
16 Jun 09
might as well..either that,or have it made into something new.
it's hard to say..diamond aside,all places will try to get the cheapest price for it.i've had pretty good luck with higher priced jewelry companies though,like zales.
1 person likes this
@momiecat (997)
• United States
16 Jun 09
I appreciate the suggestion, Scarlet. I just told my current husband about my thoughts. He did not say anything either way but he knows we need the money so after he thinks about it he will probably tell me it is a good idea. I definitely will get several appraisals before I sell it, if I decide to. I do not want to regret letting it go but since I have no one to pass it to, I probably should be less sentimental about it. Even if I did have someone to pass it to, I might consider the ring bad luck as it is associated with many bad memories.
@ronacruz2007 (650)
• Philippines
17 Jun 09
well i guess you better not sell it unless you really need the money then that's the time consider selling it but if not just hold on to it as a remembrance of what had been or what had happened to your life it may not be good or it may be bad it is still something worth remembering i would say. I believe that the mere fact that you are asking us for an opinion is really a sign that there is a hesitation on your part to do what you are thinking i guess better not.
@momiecat (997)
• United States
17 Jun 09
There is hesitation on my part but do we need the money more than I need to be selfish about keeping the ring? I would like to have the best of both worlds, to keep the diamonds and also get some cash to put towards our property taxes. It is helping to get other viewpoints on the subject as some people have thought of things that I may not have considered when I originally started thinking of selling the ring.
@jesssp (2712)
• Canada
16 Jun 09
If you would like a little extra money or there's something that you really want but haven't been able to afford then selling it would be a great option. Or if you don't really need the money or want to buy something special consider having it made into something new. That way you get to keep the pretty diamonds and the sentimental value plus you actually get to wear it.
1 person likes this
@momiecat (997)
• United States
16 Jun 09
If we did not need the money, making it into something new would be a great idea. I would not mind having the diamonds in a different type of setting. I guess I will have to have it appraised first. That will probably be my next step. I think the ex spent something like $5,000 and that was in 1985. I don't know if it would be worth a lot less now or if diamonds and gold hold their value. Now, if I could only figure out where I put the darn thing I could get the process going.
@charlenmendoza (922)
• Philippines
17 Jun 09
if you feel like selling it, then go sell it. there is nothing wrong with it. a lot of people do that today. as you said there is no one to pass on the ring, so in the end it will end up in the market so why not now.
Mine, i dont know where it is now. I didnt remember where i hide it. After we got separated, i removed it from my finger and hide somewhere. No i really can't remember where i put it.
@momiecat (997)
• United States
17 Jun 09
I am not positive where I put my ring either. I think it could be in one of two places. I guess before I can sell it, I will have to find it (grin). The place where we got the ring (no longer in business) was very reputable and I think the quality of the diamonds is very good. I don't understand why you cannot get a higher return if you sell the ring. If ex paid $5000 and I only get $2500 at most, it will be a very difficult decision to take that kind of loss. It is going to be a trade-off, sentiment versus need. Actually, I don't think the ring would fit me anymore as I used to be at least 20 pounds less than I weigh now.
@momiecat (997)
• United States
17 Jun 09
Well, I appreciate your opinion and that would be my first choice if I had a choice. I would love to wear the ring but first of all, it may not fit me anymore and secondly I love my current husband and do not want to hurt his feelings by wearing it. I think he would be okay if I had the ring re-made but that would be an expense also, and the idea here is to try to get money for our property taxes. We'll see after I get some appraisals. That will be the deciding factor.
@flzmlady (418)
• China
17 Jun 09
i think its really difficult to sell your ring at the price it was bought.
if you are not financially short or something like that,perhaps you should keep it as you did inthe past 30 years and it has some meaning to you as you said.
but if you really want to sell it,maybe you can take it to the jewelery dealers and ask for price.
@momiecat (997)
• United States
17 Jun 09
Yeah, I know I will not get the full price of the ring but I would like to get a little more than half the price. I do need to find the ring and start getting appraisals. If they say they will only give me say $1000 and it was originally a $5000 ring, then it won't be worth selling and my dilemma will resolve itself. I guess another deciding factor is if the ring would still fit but I think it was a 5-1/2 and my finger is a bit bigger than that now.
@momiecat (997)
• United States
17 Jun 09
The ring, to me, was a symbol of my pledge to my ex but it did not have the same meaning to him. He did not hold our marriage vows sacred. I do love the beauty of the ring but if I can get enough money to help with our property taxes, it might be worth considering selling it. I am really torn at this time but I know when I get the appraisals I will be able to make a clearer decision as to the worth of selling it or keeping it.
@Tessalim (33)
• Malaysia
17 Jun 09
Hi, since you like to ring so much, in my opinion i don't think you should sell it. It's hard to find something that you really love. You might be not be able to find the same design again after you have sold it. I think it will be better if you just keep it unless you really short of money and need to money for something else.
@momiecat (997)
• United States
17 Jun 09
I am torn between the two thoughts -- keeping the ring because I love the diamonds and the setting and selling the ring (if I can get enough for it) to pay our property taxes or at least a portion of them. The design is not that unique but I like it anyway. I will see once I get some appraisals whether it would be worth parting with it to pay the taxes.
@ElicBxn (63568)
• United States
16 Jun 09
rather than sell it (unless you are really hard up for money) maybe you can talk to a person who makes jewelry into removing the diamonds, melting the gold and making something else out of it
get what they call a right hand ring made out of it... http://www.jewelry.com/right-hand-ring.shtml
@momiecat (997)
• United States
17 Jun 09
You gave me an idea Elic. May be I can have the ring taken apart and keep some of it and sell some of it. I really like the setting but, of course, I like the diamonds more. We do need $$$$ though but this may be a way to have the best of both worlds.
1 person likes this
@BarBaraPrz (47061)
• St. Catharines, Ontario
16 Jun 09
Good luck. I thought of selling mine but was told at the pawn shop that they weren't buying gold at that time. I asked how much I would get if they were interested, and was told "Only about $10".
@momiecat (997)
• United States
16 Jun 09
OMG, I would not sell it for $10. I would rather keep it. I was only thinking about selling it because our property taxes are due and they are around $4,000. We are living from paycheck to paycheck as are a lot of others these days and can never get around to saving that extra money for these high-end bills that we have. We are what I would term "middle class" but every day and with all our new taxes, I don't think there is going to be a "middle" anymore. It think it will be the very rich or the poor class. Very sad how this country is going down the drain.
@CatsandDogs (13963)
• United States
30 Jun 09
That has to be totally up to you! No one can tell you what to do in such a decision. If you want to keep it then by all means, keep it but if you feel better selling it to get your ex out of your life once and for all then sell it. I'll tell you this, I didn't have a pretty ring when I got married the first time. It was just a plain ole gold band and I bought the diamond myself so it didn't have any sentimental or pretty value to me so I sold it.
@Kashmeresmycat (6369)
• United States
17 Jun 09
If you love the ring as it is, couldn't you wear it on the other hand? I mean, there is no sentimental value to it, but you do like it, so wear it. What's the difference?
Or, like everyone else says, have it made into something else. I know for sure, I would take it to about 10-15 different places before I'd make a decision. One of them might be reasonable where you could really get a good price. I remember when I was divorced and had this really pretty diamond band, which I know he bought for about $2000.00....I checked around, and finally found a place that would give me at least half of what it was worth. The rent was due so I took the deal and at least paid my rent for a couple of months. I guess it depends on how much you need the money, or just want to keep the stones and re-make them into something you would treasure over the years for yourself. I needed the money for rent, and sold it. But, considering what other places wanted to give me, which was absolutely nothing in comparison, I woudn't have sold it. This jeweler was at least honest and the best deal I found. It's up to you hon.
@momiecat (997)
• United States
17 Jun 09
Hi Kashmere and friend, you make some good points. I think I am leaning towards a little of both right now -- dismantling the ring and perhaps keeping the diamonds. I would like to wear the ring on my right hand but I am not sure if current husband would be offended. I have kept the ring out-of-site for a long time and the only reason I am thinking about selling all or part of it is for the money. We have a big property tax bill due (although our property is not spectacular, but we live in California and are not under Prop 13, so we pay a lot in property taxes). It will be quite a task to get 10-15 appraisals but I am sure it will be worth it in the end. Too bad that the ring, even though gold and diamonds, does not hold value like some other investments one can make.