Crosswords0 min ago
Modern retail value
9 Answers
I have two rings which used to belong to my mother. They were last valued in August 1978 for £350 & £650. Would some clever person give me a ballpark figure of the current insurance value and retail value. I want to sell them but I need the above so I can insure them while in transit to the auctioneers. Thanks in advance.
Answers
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For more on marking an answer as the "Best Answer", please visit our FAQ.If the rings are made of gold, this may give an indication:
http://www.kitco.com/...rts/yearly_graphs.plx
Gold prices are approximately 6 times the August 1978 value.
However a ring's value is usually worth more than it's pure gold content depending on it's condition, whether the style is in fashion, etc. It is very hard to judge the current value based on this information but I suggest that for insurance purposes you should assume values approaching £1500 and £3000. In terms of true resale value, I know very little but I would expect the true resale values to be lower than this.
http://www.kitco.com/...rts/yearly_graphs.plx
Gold prices are approximately 6 times the August 1978 value.
However a ring's value is usually worth more than it's pure gold content depending on it's condition, whether the style is in fashion, etc. It is very hard to judge the current value based on this information but I suggest that for insurance purposes you should assume values approaching £1500 and £3000. In terms of true resale value, I know very little but I would expect the true resale values to be lower than this.
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