I took 2 rings to a jeweler today that was advertising they purchase gold. One was the old setting from my wedding ring (we had the diamonds reset into a newer nicer ring 2 or 3 years ago). It was just sitting there doing nothing so I cashed it in.
The second ring was one I found in a parking lot. I didn't think it was gold, but couldn't be sure, so I figured this was one way to find out. It wasn't. Bummer! I think it's a man's wedding band and, gold or not, it's still pretty nice but probably not worth much.
Anyhow, my 14k 1.7 pennyweight ring setting earned me almost $20. What's a pennyweight, you ask? So did I. It's a commonly used measurement in the U.S. jewelry industry, and there are 20 pennyweights in an ounce.
I'm planning to stash the $20 in my savings, to try to rebuild it just a little. I have another $30 I should transfer to savings also from my checking account. It was coin and rebate money that I deposited.
I'm always talking now about FAPDs. I'll have to see if there is a Cici's in my area, and go find some pennies!