Real-life MMD: Should I sell gifts for quick cash?

milvusvestal

You don't say whether the bracelets were bought by your parents, or are family heirlooms.

If the former, explaining to them that you are in debt and that the bracelets, if sold, would help you out of the hole you've got yourself into, might be acceptable to them. While there can be no doubt they are yours and that you can do as you please with them, common courtesy demands that you tell them your intentions. That way, there's a fair chance they will understand.

If, however, these items have been passed down through the generations, you have a moral responsibility - if nothing else - to care for and preserve them for those who follow. Just try to imagine how you would feel, discovering that one of your forebears sold family jewellery simply to make money in order to clear a debt that could have been paid off by other means. Remember also that the bracelets might appreciate in value over the years - so why dispose of an asset that is going to be worth more in time?

Edwardia

Personally I'd sell myself before I sold the diamonds my parents gave me, my late father's gold Swiss watch or the Lalique heart from my husband. They are worth more than their £ value to me.

Seems like you're after a quick fix and unless you learn to manage your money you will be overdrawn in the future.

janiebquick

They were presents. That means they are yours. You can do what you like with them. You don't wear them and leaving them in a drawer risks them getting damaged.

wanchai_2

tgroom57 wrote: »

At least give your parents 'first refusal' at the price you say you can get. (£530)

I am guessing that the bracelets cost or are worth substantially more, and that you would be selling them to a dealer.

Plus, if you think a £530 overdraft is the worst that can happen to you in life then you haven't lived. Save them as a last resort for something DIRE.

I agree with your last sentence 100%. But the idea of the OP offering to sell the bracelets back to their parents horrifies me.

OP - I wouldn't sell a gift, but it's up to you.

silverchair

I'd sell it. If you aren't going to wear them, then they are dust collectors. I wouldn't lie to your parents about it though as thats insulting to them.