Cahinsaw And Some Vinyl Records For Gold And Diamonds.....

Keep us posted on the diamond tester. At that price I'd like to have one if it's reasonably reliable.

I'd be skeptical of any appraisal by a retail jeweler, especially a chain like Kay's that has regular sales. If I had to guess that's retail replacement cost. You could probably buy the same item on sale for 50-75% of that.....& their cost is probably in the $100-200 range.

NUMBER ONE RULE ON ANY JEWELRY APPRAISAL MADE WITH INSURANCE IN MIND, assume the item is worth 20% of their statement. So if they say it is worth 1000, then 200 bucks is safe estimate, and that is the common formula in the collector world....

To answer your question on the jewelry knowledge T, I learned much about jewelry at Southern bullion, and even more now at the gold buyer kiosk. As we deal in fine jewelry more often then coins or bars, like say 90% of the time to 10% of theme in average. Am I an expert, by no means. But I learn fast, and learning more every day. And if one understands hallmarks, magnets, then acid test, and has a loupe and a diamond tester, pretty hard to sneak anything buy me fake, being ultra thick plated, like some of these gangster chains....

It was a local jewelry store in Severville who appraised it by the way (not Kay's, my mistake), as he lives in Gatlinburg T.N., and of of course that is the surrounding county, so his story matches up thus far and he seems like a real simple father who is just over 50 and has for a 15 year old son. Same road I am on now, needless to say....

My plan was to just flip them at my gold stand, as I wont make a ton at like 80% an probably would get more by waiting on ebay if everything does size up....

But it helps my store and our monthly numbers. We were like 9th out of 11 stores beginning of month, and since I started we have moved up to 3rd of of 11 district stores in the Virginia's and T.N..

We have contest incentives, like an extra couple hundred for my manager at the Kiosk he could keep all for himself, but offered me half if we hit our 1st goal for the month. I already got a 20 buck bonus on a Friday for having the best single day of one particular contest....

The Dm told my manager that he gave me some extra for bonuses on my check, over 150 worth. And it is not like I am getting rich, but their check is right about what I was making at Southern bullion average out after the first one, so it fills it purpose thus far....

Another-words with what I got in the records an chainsaw, I can bet you if this is real gold and diamonds I will make a profit even selling to my kiosk at say 600 for example, just a ballpark guess....

The general trade up rule is begin with an item or items worth anywhere from 100 to 300 max and shoot for something more valuable....