Any Jewelers on here? I have a question.

Discussion in 'Bullion Investing' started by Gam3rBlake, Nov 12, 2020.

  1. Gam3rBlake

    Gam3rBlake Active Member

    Hey guys, I have a question that I hope a jeweler or someone familiar with jewelry can help me with.

    Im wondering if jeweler’s ever allow for the customer to provide the precious metals and then pay solely for the labor & service of the jeweler?

    I’d really like to have just a plain 22K gold band for a ring and I’m wondering if say a ring weighs 8 grams if it’s possible to give the jeweler like an ounce of gold so they get whatever is left? (~23 grams = ~$1200)

    Inspector43 and GoldFinger1969 like this.
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  3. masterswimmer

    masterswimmer Well-Known Member

    Absolutely. I've done it. Many times women like to consolidate various diamonds into one piece. My mother did it. My wife did it. And I know plenty of others.
    Inspector43 and GoldFinger1969 like this.
  4. Gam3rBlake

    Gam3rBlake Active Member

    Oh awesome! Do you know if they’ll go as far as to accept extra gold as payment? Normally that wound sound kind of silly but jewelers use it regularly so perhaps it could be used as supplies?
  5. ycon

    ycon Renaissance Man

    I've dabbled in jewelry making. My guess is that plenty of jewelers would be open to negotiating something like that.
    Gam3rBlake and Inspector43 like this.
  6. tibor

    tibor Well-Known Member

    Make sure you go to a "mom and pop" jeweler as opposed to a national
    chain/mall store like Zales or Jared.
    masterswimmer and ycon like this.
  7. ZoidMeister

    ZoidMeister Hamlet Squire of Tomfoolery . . . . . Supporter

    Most jewelers, even the small ones, no longer manufacture their own products. They are all pretty much resellers.

    They may go as far as mounting loose stones, but they don't have the time or equipment to cast their own settings. These are bought wholesale.

    You will be trading value for value + profit margin in this transaction. If you're looking for some kind of "embedded sentimental value" using legacy gold, it won't end up being the exact same material.

    Heavymetal likes this.
  8. ldhair

    ldhair Clean Supporter

    I lot of jewelers don't do anything in house. They send it all out to have any work done. Nothing wrong with that. Some jewelers will buy your scrap gold and with others it's not legal. The laws are different from state to state.
  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    Each jeweler is different and it's up to that jeweler to decide what's in their best interest.
  10. calcol

    calcol Supporter! Supporter

    My experience trying to get local jewelers to set gems I own has been that not only do they insist on supplying their own metal, they refuse to work with silver and will only work with gold. Trying to get them to separate a charge for creativity and labor from precious metal profit has been futile.

    Only my local experience. I'm sure there are more accommodating jewelers elsewhere.

  11. fretboard

    fretboard Defender of Old Coinage!

    Sounds like you're looking to give away gold for free. ;) If that's the case, just hold a contest in the contest section! laughhard.gif
  12. Gam3rBlake

    Gam3rBlake Active Member

    Nah I’m just looking for a way to get a gold wedding band when I’m limited on cash but have some extra gold.

    I know I could sell the gold but around here they pay 5-10% under spot at the places that buy gold/silver/platinum.
  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    A professional supply source for jewelers , that has most all the metals from silver, gold and platinum as well as drop and squeeze for your own gemstones .is ..but expensive. A much less expensive place is Tripps and they sell to anyone who says they work with jewelry is
    Settings, Jewelry Making Kits, Gems by Tripps: Gold, Silver
    ZoidMeister likes this.
  14. Gam3rBlake

    Gam3rBlake Active Member

    Thanks Jim, but I’m not looking for jeweler supplies I was asking if jewelers would accept my precious metals as payment.

    Like if I said “Here is a 1oz American Gold Eagle, can you make me an 8 gram gold ring out of it and I’ll let you keep the 23 grams of leftover gold?”

    That kind of thing.
  15. hotwheelsearl

    hotwheelsearl Well-Known Member

    That sounds like a bad deal, for you
  16. fretboard

    fretboard Defender of Old Coinage!

    I agree, you will almost always be taken in a deal like that as the jeweler has an upper hand in the deal. The upper hand is you want something from him. Cash is king, wait till you get enough would be my thought. :phantom:
  17. Gam3rBlake

    Gam3rBlake Active Member

    It was just an example .

    The numbers I just made up randomly.

    Most likely I would use a 1/2 oz Gold Eagle in such a deal. Not a full ounce.
  18. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Try a pawn shop as jewelers don't charge nearly as much to burnish or shine the surfaces as fabrication from start. Just a thought. Jim
  19. rte

    rte Well-Known Member

    Find someone local that does custom work.

    I have 2 places within 5 miles from me that will make anything you want from any metal you have.
    I had one guy order in an 18k ring and swapped out 90% of the cost with trade in 14k necklaces.
  20. Gam3rBlake

    Gam3rBlake Active Member

    I really want someone to turn one of my American Gold Eagles into the “One Ring” from LOTR.

    That was my whole purpose when asking my question.

    I would want it to be 22K with the rest being silver and with zero copper. Only gold & silver.

    I just don’t know where I can find someone to do the engravings for the inscription.

    Last edited: Nov 12, 2020
  21. paddyman98

    paddyman98 Let me burst your bubble! Supporter

    Interesting.. But why? o_O

    I once purchased a huge 14K ring with a amazing Superman logo.. When I first got I thought I would never get rid of it. About 5 years later I got tired of wearing it and sold it.

    My purpose in telling you this is why have a ring in that style.. In time you might get tired of it then regret destroying your coins.

    But they are your coins.. You can do whatever you want with them.

    Interesting replica I found for sale. $800.00
    masterswimmer likes this.
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