To sell my nans ring(passed on to me) to fund a much needed holiday?

[happyandsingle]

Basically this.Have an old diamond ring passed down from my mum it was originally my nans.
Have worn it for years but basically it only fits on one finger(that I think is meant to be the engagement finger or so I've been told) and I am most definitely single!.
It's a nice ring but my dilemma is I'm desperate for a holiday abroad next year for me and my dd.
It's been a shit couple of years and I've had one holiday in ten years paid for by my mum.
I could save but basically on my budget it would be very tight and would mean sacrificing a lot.
My idea was to pawn the ring to get the money for the holiday. I would probably feel guilty but on the other hand I'm sure if my nan was alive she would want me to make the most of it.
My AIBU is do you feel it's a bad thing to do as it was passed down to me? And will I feel guilty after?

Get it valued just to see how much it's worth and then make a decision. If it's less than the 500 you're hoping for maybe keep it but if more then there's no sense having it in a drawer when you really need cash, be it for a holiday or some other expense.

I do lots of overtime already but have had some really bad health problems this year which has led to some bad depression hence really needing a break.

I can't believe some of the emotionally blackmailing posts here. I got a post deleted today cos I was 'too robust' (yes, in hindsight I see that I was) but why doesn't the blackmailng bullshit ever get challenged? Shame on the posters who do it here - imagine how they act in real life?

OP - do what is right for you and your DD. The only way to work out what that might be is to get it valued. Start from there.

Personally I would get it valued and then make the decision. Second hand jewellry is notoriously under valued when being pawned. Good luck though, I hope it does work out and you get your holiday

I wouldn’t sell a piece of family jewellery for the sake of a few days on the beach, no.

I wear my MILs mothers engagement ring because it happens to fit, it's incredibly beautiful and because MIL left it to me. However, she also left me the rest of her jewellery which I sold because I didn't like it. I felt sad at the time that something she valued so much was worth so little in terms of monetary value considering what the cost of buying it was.

Jewellery is not something that keeps its value unless it's unusual, rare or historically valuable. It's yours though and if you don't feel any sentimental pull to it then sell it and enjoy the money.

Do you have a photo of the ring OP? Perhaps someone can help?

My sister and I inherited a load of jewellery from our aunts. I took it all to a reputable jeweller who bought it for scrap - none of it was sellable on - we got about £1800.

it held no memories for us or sentimental value.

Our mum's eternity, engagement and wedding ring though, neither of us could bring ourselves to sell them for scrap. I'd probably get them repurposed to something I'd wear but in reality they are going to go to my niece. She's then welcome to do what she wants with them.

Bloody hell people are so mercenary!!!

I disagree - people are more important than objects and life is very short.

I'd rather earn a few hundred quid than sell items, but if I had an item worth a trip of a lifetime, I wouldn't hesitate. Things get lost, stolen, and you only live once. I am guessing many posters don't pay for a safe in their local bank either!

I think there is a lot of sentimental nonsense here.

If it's not a ring you'll ever wear and it will sit in a drawer forever, then sell it. Your gran would have preferred you to have some fun in life surely?

Rings are very personal things. Just because someone leaves you something doesn't mean you are forced to keep it, wear it and pass it down the family line.

Rings go out of fashion. Or they don't fit.

I will inherit a ring from my mum which she bought herself. I don't especially like it and I'm sure she will say I can sell it and use the cash for something else.

BUT OP you are unlikely to get very much for it. Have it valued then you know the score.

No way!!!

Don't be guilted into not selling it by posters on here. There is a wide variety of responses. Do what is right for you.

It's not just any random holiday. It's a much needed holiday that your DD will treasure the memories of for years. If it was just one of many holidays then then there might be room for sentimentality over practicality.

I think sell and do the holiday but get a good few valuations first as pawn shop will not pay very much at all- but a jewellery auction house might have better luck- it will likely be less than £500 though OP

If you've made up your mind I don't know why you're asking. However please do get it valued by several jewellers before taking it to a pawn shop.

But as someone who worked in antiques I'm afraid your belief that antique diamonds are more valuable is incorrect. They are often of poorer quality and old fashioned, unpopular cuts. Unless you have something truly spectacular your diamonds are highly likely to be worth less than "new" stones of the same weight you could buy in a modern jewellers.

An antique jewellery dealer may give you a better price. Ask at a local antiques shop if they know of anyone.

I tend towards the pragmatic and generally only hang onto family things that I can use (furniture etc) or stuff that I particularly love.

This ring seems to be neither of these things for you, so absolutely don't feel awful about letting it go. Get it valued and see if it's worth selling (get a couple of different quotes at least), then if it is, let it go without guilt and have a memorable holiday.

Unlike StayClassySally I wouldn't give a damn personally, had it been my ring I left my daughter and that selling it could help my granddaugher and gt granddaughter have a nice holiday with the proceeds.

As others say though OP, it might not get much but you could always try to get it valued at a few auction houses and/or find a diamond specialist etc.

I’d definitely sell it. Wouldn’t think twice about it.

Experiences are much more important than materialistic things. Sadly we can’t leave people holidays but if it were me, I’d be very happy if something I’d passed down was used to fund travel and (#) creating memories.

Do it OP. You need a break. Lift a drink to thank your nan once you’re there.

I'm not one for clutter or keeping old things around I don't like, so on that basis I'd say sell it.

However agree with pps that you won't get anything for it. Why not get it valued so you know? And valued as in, someone offers to buy it from you for a price. Not an insurance valuation.

I sold my grand jewellery to pay the bills.

But I am not sentimental. I would cash it in.

Get it valued. I have my grandmothers engagement ring (she gave it to my DH to propose) it's antique old cut diamonds etc the report says for insurance purposes how much it would cost to buy an equivalent ring of it was lost or stole but the jeweller told us how much resale value it would have. The two are very different apparently!

I'm firmly in the sell it camp.

If it's not wearable and stuck in a drawer then what's the point? Even if it gets a couple of hundred pounds then that's some towards your holiday.

From what you've said you're having a really hard time at the moment, are feeling stuck and in need of a break, limited in your options and this ring signifies a means of escape to recharge your batteries more than any value it holds for you sentimentally.

You've asked for opinions and have been offended at some you've been given. Everyone thinks differently and nobody knows what is right for you except for you. Only you know how you will feel about the decision you make about this now and in the future.

People are saying you should keep it for your daughter. Does she know about the ring? Admire it at all? If so that might make me lean towards considering her in your decision making.

Otherwise, in my opinion, it's yours to do what you want with. Historically jewellery was as much for adornment as it was an insurance against hard times. If there is a resale value that gives you something of more value than the ring is worth to you (sentimentally as you are getting no other use out of it), and you don't think you'll regret no longer having it (either for yourself or for your daughter, whether for her to wear or have as potential means for herself in the future) then selling it brings no downside for you.

Have you any support op? Are you having treatment for your health issues and depression? Having a hard time for a long time is tough.

If you go ahead make sure you get it valued for sale as opposed to valued for insurance purposes. They should be vastly different when dealing with jewellery.

I had two items I sold, both of which had to be valued for insurance as they were insured independently to the rest of our contents as they breeched the individual cap to be covered as items under general household. Best I could do on selling them was just under 50 percent . Luckily didn’t need the money, just knew I would never wear those pieces again and pretty unlikely kids would want them.

I inherited 6 rings and a load of other jewellery from my grandma. I wear one, the one I actually remember her wearing. When I spoke to my mum about getting that one resized and changing it a little bit, mum said they were my rings now and I should do whatever I wanted with them, even selling them and melting them down if I wanted. None of those are actually her engagement rings, my grandad still has her original engagement ring and he’s said that’s going in a box with their ashes when he’s gone (which seems like a bigger waste to me than it being inherited or sold but that’s what my grandad wants).

My grandma didn’t buy the rings to pass on to me. She bought the rings because she liked them at the time. My grandma would have much rather that I sold the ones that weren’t to my taste and used the money to enjoy myself, even if it was just a nice meal out. At some point, I’ll probably sell most of the jewellery and rings but I only expect a couple of hundred £ for the lot.

However, OP, don’t pawn the ring just sell it. You will get a shockingly low price by pawning it and you’ll never make the ring a big enough priority to get it back. Something else will always be a higher priority for your finances. So just sell it, get the higher price and don’t guilt yourself that you can’t afford to buy it back. When you’re away, have a toast to thank your nan.

go onto an auction site & check price of jewellery (rings) otherwise go to several jewellers & get quotes (the price they sell is nothing like the price they might offer)