Should I sell it?

butterflylady

Morning,

I'm looking for some impartial advice, I am currently on maternity leave with my 3rd child, we have just received two unexpected bills totalling almost £600 one for my boyfriends divorce and one for the car, in addition to this we owe my boyfriends parents £600 towards the divorce.

Over the past 12 months I have sold things to raise extra money for treats, what I have sold are things my ex gave to me which I don't want to keep anymore.

So I have one last big thing I can sell to help clear the debt, when I on maternity leave with my DD1 I was given some money from my ex mil estate to help me pay my bills, at the time I had enough money saved and so didn't use it, my ex started hassling for the money to pay for a family holiday he had promised to pay for, so I spent the money on a ring!!

While I adored my ex mil and I have kept other jewellery she bought for me, I think I should sell this ring to help clear these debts, my current boyfriend doesn't think I should.

What does everyone else think?

Artytarty

I think you done enough already in terms of self sacrifice! Keep it, the folk can wait a bit or let your bf find something he can sell.

peachyprice

Yes, you should sell it.

The ring holds no sentimental value, it wasn't a family heirloom of your ex MIL's, you only bought it to stop your ex getting his grubby mits on the cash. If he hadn't been after the money you would still have it to pay the bills, which is what your ex MIL gave it to you for in the first place.

Georgiegirl256

I think you should sell it. It holds no sentimental value (I assume) as it was bought with money your ex MIL gave you to pay bills, so use it for that purpose now!

Mojisola

butterflylady wrote: »

While I adored my ex mil and I have kept other jewellery she bought for me, I think I should sell this ring to help clear these debts, my current boyfriend doesn't think I should.

What does the ring mean to you - is it just another piece of jewellery or does it have sentimental value because you used her money to buy it? Can you get a reasonable amount of money for it?

What's your BF's plan for paying off the debts if you don't sell the ring?

lushlifesaver

Just to echo Mojisola what is your bf going to do to at least contribute towards the costs - especially seeing as part of it is for his divorce costs!

butterflylady

Just to be clear, the things I've sold so far have been my choice, they were items my ex bought for me to apologise after he'd hit me!! To be honest I have given away for more than I've sold!!

My boyfriend doesn't want me to sell the ring, he is actively arguing against it!! The most recent solicitors bill was a surprise as we thought we had paid a fixed cost, I'm sure most of it is due to his ex being a nightmare and losing paperwork!!

The money we owe his parents, doesn't need to be paid back any time soon, I am working my keeping in touch days to earn the money to repay them.

The other option is to put the bill on a credit card, it's almost time for me to transfer my 0% balances anyway.

My boyfriend has paid towards the initial divorce costs and is actually only £80 short on the car bill, I don't want him to sell anything, before he says anything he is not taking me for a ride, he has given me more then anyone else ever has done, I no feel comfortable in my own body after years of being told I was too fat!! I can now be hugged without jumping a mile!! These things alone are worth for more then money!!

The ring was bought for £700, selling it would depended on the price, if it was significantly less then I'd keep it!! The ring will only stay in my drawer till I die and then go to DD1 as it was her grandma's money which paid for it!! I have other jewelry the ex-mil actually chose and bought for me and I'd never get rid of it!!

tea_lover

It might be worth seeing how much you could get for it and then deciding. I considered selling my engagement ring last year but it wasn't worth it. No one was interested in the ring itself, only the scrap value. It seemed a waste to sell a decent diamond ring to get hardly anything for it. Figured I may as well keep it for my niece.

pearl123

I would say get rid of the ring, as you are in some debt. Unfortunately, I suspect you would take quite a drop on the price.

butterflylady

I haven't sold any jewellery for 18months so I have no idea on prices, if it is a significant drop I won't bother, as it's only 4 years old and I'm no prepared to take that bigger drop on it.

JessicAhh

It depends where you bought the ring, whether it was secondhand etc, as to how much of a hit you will take - I'm guessing from the price it's gold or platinum... Whoever values it is likely to base it on the current price of the metal it's cast in, and so this may be relative to what that price was when you bought it.

Try a local, reputable jeweller (rather than one of the pawnbroking chains), and see what they offer you. If it feels low, and you have an auction house nearby, you could always take it there for a second opinion (although beware of seller fees / VAT, if you sell through them).