DawgTalkers.net Forums DawgTalk Tailgate Forum Selling jewelery on eBay

Has anyone tried this?

I have an engagement ring I'd like to sell, but have never tried the eBay route. I have the official certificate of appraisal - it shows $4500. Are you able to get up to that value? If not, what is a good starting point?

I've actually never sold anything on eBay - so I want to be sure I know how this works. I'm a bit skeptical of selling a ring on eBay, assuming the site would be flooded with diamonds and jewelery. Anyone know of any pitfalls with this type of sale?

Since you've never sold on eBay, you would probably be better served to take the item to an eBay consignment shop / person. A lot of people have set up shop where they will take an item and sell if for you on eBay for a commission.

This gives you the ability to use their experience and seller ratings but it will potentially impact how much money you will get out of the item.

You can put a reserve on it...That the minimum you would want to sell it for, if no one bids that or higher, you have the right to not sell it. Or sell it to the highest bidder close...

Quote:

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Selling Using a Reserve Price

A reserve price is the lowest price at which you are willing to sell your item. If you don’t want to sell your item below a certain price, you can a set a reserve price. The amount of your reserve price is not disclosed to your bidders, but they will see that your auction has a reserve price and whether or not the reserve has been met. If a bidder does not meet that price, you're not obligated to sell your item.

Why have a reserve price? Many sellers have found that too high a starting price discourages interest in their item, while an attractively low starting price makes them vulnerable to selling at an unsatisfactorily low price. A reserve price helps with this.

Note: The Reserve price option is only visible for Online Auction format; it is not visible for Fixed Price or Classified Ad listings. Also, it is not available for Multiple Item (Dutch) Auctions.

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I think the more interesting story is that of why you have a $4,500 ring, and aren't giving it to someone...fishing....fishing

No worries...broke up with her about 2 years ago. Am with a girl now that is 10 times better, so no complaints. I am happy to be done with her, but feel weird holding onto the ring - even if its something that could give me a nice return.

I got the diamond from a wholesaler in Cleveland. I talked to her about what I should do with it. It is a high quality rock - she said to hold onto it and turn it into earrings or something in the future. The middle rock is .80 carats (round brilliant cut), then there are 2 diamonds on each side of it - the ones next to it are each .15 carats and the ones on the outside are .10 each.

Well you have a nice ring for the next girl...