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Interstate Pawn Man?

NighthawkNighthawk Member Posts: 12,022 ✭✭✭
edited October 2004 in General Discussion
I stopped by a pawn shop to give the owner a list of stolen guns to be on look out for.I was off Duty and looked around his small shop.I found a 14 Karat yellow Gold with 1/2 Karat Diamond ring I would like to get for my wife.I ask him to get it out and let me look at it.It appears to be new and Ive bought several rings over the yrs and I think I know what Im looking at.He said I could have it for $425.00 and its been precision cut,I said you can do me better than that.He then said make me an offer and I said tell me the least you would take,he never would he just kept saying make me an offerThe same ring at the jewelry store would run about $600.00-$700.00.I have no idea how much depreation to allow for but I know its alot.He probably has next to nothing in it but I know he has to eat as well.What should I offer him for this ring?I could really use your help here.

Rugster




"Toujours Pret"
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Comments

  • interstatepawnllcinterstatepawnllc Member Posts: 9,390
    edited November -1
    The most he has in that ring would be $150.00 and that's only if it's of very high quality. Look at the diamond with a 10X eye loupe, (he has one there). Look for inclusions, i.e black specks, (carbon) and faint cracks and or tiny bubbles and areas of cloudiness. This will tell you how "clean" the stone is, the cleaner the better. Next take the stone and lay it on a pure white piece of paper or posterboard and view the stone under natural sunlight. The "whiter" the stone appears the better, the yellower it appears, not good. So far as the cut is concerned I have never heard of a precision cut, my guess is it is a round brillant cut which is the most common. All said and done he needs to "double" his investment to stay in business so if the diamond is real nice offer him $250-$300, if it is so-so adjust accordingly. Hope this helps! If you have other questions feel free to PM me.


    JC



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  • NighthawkNighthawk Member Posts: 12,022 ✭✭✭
    edited November -1
    Thank you I knew you would know about what its worth and what to look for.Im fixing to head over there now.I appreciate your advice.




    Best!!

    Rugster




    "Toujours Pret"
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  • interstatepawnllcinterstatepawnllc Member Posts: 9,390
    edited November -1
    Anytime.

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  • The TinmanThe Tinman Member Posts: 928 ✭✭✭✭
    edited November -1
    High-quality jewelry doesn't depreciate, so don't count on depreciating its value.
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  • concealedG36concealedG36 Member Posts: 3,566 ✭✭
    edited November -1
    While I've spent a fortune on my wife's jewelry over the years the BEST deal I ever got was from a little pawn shop in the Detroit Ghetto!

    Remember, gold and diamonds have been around for a LONG time and they will be LONG after you're gone. No such thing as used as far as I'm concerned...

    G36


    Gun Control Disarms Victims, NOT CriminalsThe 2nd Amendment; America's Original Homeland Security
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  • whiteclouderwhiteclouder Member Posts: 10,574 ✭✭✭
    edited November -1
    quote:Originally posted by The Tinman
    High-quality jewelry doesn't depreciate, so don't count on depreciating its value.


    High quality jewelry depreciates at least 50 percent (some a lot more) the moment you walk out the door.

    Clouder..
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  • dongizmodongizmo Member Posts: 14,477 ✭✭
    edited November -1
    Kurt,
    Check out the Cash Exchange on gratiot s of 16 mile [:D]
    I have pulled a few good deals out of there.
    Don


    "Anybody but Kerry"
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    Welcome to America...Now speak English.
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    The ultimate result of shielding men from the effects of folly is to fill the world with fools.
    The ultimate result of shielding men from the effects of folly, is to fill the world with fools.
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  • nunnnunn Forums Admins, Member, Moderator Posts: 36,085 ******
    edited November -1
    Gold jewelry wears out, so be careful when buying anything flexibie, like chains.

    I have a ring that I have worn in two twice.

    SIG pistol armorer/FFL Dealer/Full time Peace Officer, Moderator of General Discussion Board on Gunbroker. Visit www.gunbroker.com the best gun auction site on the Net! Email gpd035@sbcglobal.net
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  • taco413taco413 Member Posts: 2,504 ✭✭✭✭✭
    edited November -1
    One of my buddies owns a pawn shop and he buys alot of new quality jewelry different companies and still beats jewelry store prices by almost half. I'd ask it might be new, just my 2 cents.

    Only The Strong Survive!!!!!
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  • concealedG36concealedG36 Member Posts: 3,566 ✭✭
    edited November -1
    quote:Originally posted by dongizmo
    Kurt,
    Check out the Cash Exchange on gratiot s of 16 mile [:D]
    I have pulled a few good deals out of there.
    Don


    "Anybody but Kerry"
    eng.JPG
    Welcome to America...Now speak English.
    ````````````````````````
    The ultimate result of shielding men from the effects of folly is to fill the world with fools.




    Thanks for the tip, Don!

    Also, I'll recommend BIMMS on Fort Street downtown. They are constantly under surveillance for (alleged) illegal gun transactions but they sure do have good deals on jewelry!

    G36


    Gun Control Disarms Victims, NOT CriminalsThe 2nd Amendment; America's Original Homeland Security
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  • TRAP55TRAP55 Member Posts: 8,292 ✭✭✭
    edited November -1
    quote:So far as the cut is concerned I have never heard of a precision cut, my guess is it is a round brillant cut which is the most common.
    Could be he meant a "Princess cut", more facets and most commonly round. This does increase the value, and that type of cut usually isn't wasted on an inferior stone.

    "Aim small...Miss small"
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  • interstatepawnllcinterstatepawnllc Member Posts: 9,390
    edited November -1
    Trap, a "princess cut" is laboriously faceted and is a higher priced stone to cut but has a square or slightly rectangular table (face).

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  • TRAP55TRAP55 Member Posts: 8,292 ✭✭✭
    edited November -1
    Pawn, Does the round stone with that type of cut have another name? I always understood that it was called a princess cut too.

    "Aim small...Miss small"
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  • bigdaddyjuniorbigdaddyjunior Member Posts: 11,233
    edited November -1
    I just go get it appraised and give my pawn guy half of the appraisal minus the appraisal fee. He is very happy with the arrangement and so am I.Sometimes he says he got it cheap and sells it for a third even when I'm perfectly happy paying half. He sold me a diamond and green saphire bracelet for $1500 that the appraising jewler offered me $2500 for. Man that thing was nice. Took a wheel barrow to cart that sucker to the truck. Needless to say my wife was floored and has treated me better than the $2500 could have got me.

    040103cowboy_shooting_one_gun_md_clr_prv.gifBig Daddy my heros have always been cowboys,they still are it seems
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  • interstatepawnllcinterstatepawnllc Member Posts: 9,390
    edited November -1
    quote:Originally posted by TRAP55
    Pawn, Does the round stone with that type of cut have another name? I always understood that it was called a princess cut too.

    "Aim small...Miss small"
    Trap, the only round cut stones I am aware of are the modern round brillant cut and the old world european round cut.

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  • NighthawkNighthawk Member Posts: 12,022 ✭✭✭
    edited November -1
    I carefuly examined the ring,and would like to thank ISP for his kind assistance.I looked at the ring just like you said what to look for and I looked carefuly for black spots and found none so there is no carbon on the ring.BTW you were right he had the Eye Loupe which he gladly let me use.I could not do the Sun/paper test because there was no sun.Im usually a good judge of character and I think the guy is honest and runs an honest business.I bought the ring for $350.00 and he assured me that was a deal and threw a 14 karat gold men and womens gold necklace.He told me he knew of the guy who sold it to him and he said the guy bought the ring from a Jewler in town to give his wife and the split before he gave it to her.And about the Diamond cut I cant remember what he called it but he said it was a common cut,and the cut on this ring did not affect the price either way.I plan n giveing it to her as a gift sometime this weekend depending on my schedule.Thanks again for telling me what to look for,I felt more educated when I viewed the ring if the sun ever comes back out I want to try the paper view.

    Rugster




    "Toujours Pret"
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  • TRAP55TRAP55 Member Posts: 8,292 ✭✭✭
    edited November -1
    Rugster, Tell her to go have it appraised before she tries the glass cutting test. My buddy's wife didn't think her 1 1/4 carat solitaire was real, chipped a corner off, and he had to pay for the window in their Maui honeymoon hotel room!

    "Aim small...Miss small"
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  • interstatepawnllcinterstatepawnllc Member Posts: 9,390
    edited November -1
    Cool!

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  • NighthawkNighthawk Member Posts: 12,022 ✭✭✭
    edited November -1
    TRAPP55,that sounds like something that would happen to me,but Ive always bought from Jewelry stores in the past.I believe this guy to be honest,Im not sure what the procedure is but you have to get a Pawn Brokers Liscense to run a Pawn shop so I would say the requirements weed out the crooks,as well as being able to get an FFL.ISP could tell you what the requirements are,but I can also tell you just anyone cant get a liscense.I would say there is a test among other things these guys have to deal with.I believe this guy will be getting some business from me.He had things in there you would never think of.About the rings my wife has one for every finger and two for some.We have been married for 9yrs and she has never taken her engagement ring off.I bought her an Anniversary ring that has two Diamond that sit down over the 1 Karat engagement ring she has never taken it off.(I know one Karat doesnt sound like much but on a LEO's salary it is)[:I]Besides its what it represents that matters and she would have been just as happy with a fake diamond.Thats one reason I try to buy her little things when I can she doesnt ask for much at all,except for clothing.[8D]

    Rugster




    "Toujours Pret"
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  • TRAP55TRAP55 Member Posts: 8,292 ✭✭✭
    edited November -1
    Rugster, What I was saying was, If she has any doubts get the appraisal(for ins. purposes too), Don't try it on glass!
    My wife never takes hers off either. For weeks after the dishwasher conked out, I kept picking up a water glass only to have the bottom half fall off. Solved the mystery when I saw her stick the dish rag in the glass with her left hand and spin it around! Got lucky it was in water, no chips on her stone.

    "Aim small...Miss small"
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