Super find!

G

golddigger65

Sr. Member
Feb 2, 2010
434
683
Northern Calif
Detector(s) used
Gold bug/Spectrum XLT
Primary Interest:
Other
No photos today but, my wife and daughter, both jewelry makers, went to a store today that was closing it's doors and just wanted to get rid of it all due to failing heath.
They bought 20 large boxes of high quality jewelry for $500 dollars. Estimated value of the find is between $15,000 and $20,000 minimum. What a haul!!! I could not believe it when they opened the back door to the 4 runner and started to haul the stuff into the house. I'm damn proud of my women!:tchest:
 

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Great find. Think about all the karma you would get if you successfully sell the stuff for 3 or 4 times the price and threw a few bucks back to the seller with failing health. Just a thought...
 

We offered to pay more when we picked up this load this morning. She said she had plenty of money but could use help for a couple of days moving a carport full, done deal. She also said there was a bunch more for my daughter and wife to pick up! All the rings are 10-14k with ruby and all sorts of gem stones and there are many more than is shown here. This load is from this AM, we already put about 8 boxes into our shed yesterday.

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You put it in the shed? Does this have a combination lock and steel walls and doors on it? Great Score!
 

No idea what's in the boxes but I'm counting over 100 rings in the 3 display trays. If they are all 10-14K that's a minimum of $2500 from any decent scrap buyer. I'm puzzled as to why anyone that sells jewelry would leave that much money on the table. Seems like anyone that sold real gold jewelry would know about scrap value. Call me a cynic but I'd be testing things before I counted my money.
 

trdhrdr007 said:
No idea what's in the boxes but I'm counting over 100 rings in the 3 display trays. If they are all 10-14K that's a minimum of $2500 from any decent scrap buyer. I'm puzzled as to why anyone that sells jewelry would leave that much money on the table. Seems like anyone that sold real gold jewelry would know about scrap value. Call me a cynic but I'd be testing things before I counted my money.
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+ 1
 

Holy cow!! Epic find.
 

Golddigger,

Your kin and Cyberdan need to get together and teach a class on "How To"... WoW!! Finding Jewelry by the POUND!!!

Great job!

Bill
 

trdhrdr007 said:
No idea what's in the boxes but I'm counting over 100 rings in the 3 display trays. If they are all 10-14K that's a minimum of $2500 from any decent scrap buyer. I'm puzzled as to why anyone that sells jewelry would leave that much money on the table. Seems like anyone that sold real gold jewelry would know about scrap value. Call me a cynic but I'd be testing things before I counted my money.
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mkulltra said:
+ 1
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+2
It doesn't make sense that someone in the jewelry business would sell gold at a tiny fraction of what they could sell it to the refinery for. I see close to $5k worth of mens rings on one tray if that is the case.
 

OK guys and girls here is the long story.
The lady from whom the find came does not have a jewelry store, her store is a mix of antiques and modern goodies. She is a professional estate sales person. You have a house full of estate stuff and she takes over organizing and selling the estate and for that she receives a large percentage of the proceeds. Most of the time the owners will give her the remaining items to do with as she pleases and in her case she has a store to sell of the items. She also buys storage lockers and sells the contents.
The jewelry came from a locker sale in San Francisco in an upscale area, the items were owned by a jewelry store. This was a recent purchase for two thousand dollars.
She made her money back several times over and never got to the items pictured except for one bag that contained $5000 worth of raw gold. She got sick, heart is failing, and did not want to further look so she put all the boxes in the store and covered them with a sheet. Along came my wife and daughter and the lady knew that both of them made jewelry and offered the unopened booty for $500.
We have known her for about 30 years and have done business with her before. My daughter and son's business involves working for banks and home loan companies cleaning out foreclosed on properties and she gets to keep anything found on the land or in the homes including cars, motor homes, boats etc. She gets an amazing amount of furniture and cannot possibly deal with it all, we have two storage units full, so she gives a large part of it to the the lady with the jewelry, so it came out as a you scratch my back and I'll scratch yours type of thing. My daughter and son own the business and are the only ones in our area that does this type of work for banks and loan co. and we have an astounding amount of foreclosures here so they work 6-7 days a week to keep up.

Now, we started going through some of the boxes last night and found about 100 more 10 to 14k rings with various jewels in them and much silver so far. Just to make sure it is the real deal we are having several pieces tested to confirm but have no doubt it is real as most are marked inside the band and have tags on them.
In cleaning out homes my daughter and son have found everything from antique watches to cash and coins to dead animals.

Sorry for the very long post but I thought you needed and explanation of how this all came about.
 

Please take this comment exactly how it's meant because I'm taking your story at face value. If you say that's what happened I have absolutely no reason not to believe you & I sincerely congratulate you on your good fortune.

Having said that, the lady may be in the estate sale business but she either isn't professional or she is so ill her mind has gone. There is absolutely no way a professional would buy a storage unit, pull many times their investment out of a bunch of boxes, & then sell the rest sight unseen. A true professional would call their guy that buys PM's & have them look through the boxes & make an offer. I work closely with people in the estate sale business in my area. I can assure you that there is only one person around here that doesn't have the number of a trusted, reputable PM buyer in their cell phone....& we all know she's an idiot.
 

To be clear, I was just agreeing that the first thing I would do is test several pieces to confirm what I got. Once I knew I had confirmed gold, I would breathe a huge sign of relief and probably thank God for my good fortune. Not that I don't think the story is true, just that when something seems too good to be true, I would be skeptical until I knew for sure it is what it's supposed to be. Amazing score and congratulations!!
 

Well gentlemen I told the story just the way it played out, sorry if you are skeptical or don't believe me. She is not crazy in the least, we are not in the habit of telling fairy tales. This is the last you will hear from me on the subject...I bid you adieu.
 

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trdhrdr007 said:
Please take this comment exactly how it's meant because I'm taking your story at face value. If you say that's what happened I have absolutely no reason not to believe you & I sincerely congratulate you on your good fortune. Having said that, the lady may be in the estate sale business but she either isn't professional or she is so ill her mind has gone. There is absolutely no way a professional would buy a storage unit, pull many times their investment out of a bunch of boxes, & then sell the rest sight unseen. A true professional would call their guy that buys PM's & have them look through the boxes & make an offer. I work closely with people in the estate sale business in my area. I can assure you that there is only one person around here that doesn't have the number of a trusted, reputable PM buyer in their cell phone....& we all know she's an idiot.
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That's not true, He said he's known her for 30 years. Sometimes a relationship or friendship trumps money. Actually a good friendship or a good relationship is way better than any dollar value in the world. And sometimes in life you make friends with someone who doesn't care what their stuff is worth but they're more interested in helping their friend out.

This is how I'm building my business one day at a time. One person at a time and I guarantee at the end of the day it will pay off more then any $ amount in my bank account.
 

First question... Did this individual "vend" at flea markets ?
Second question... When you say "has tags"... do these tags or the rings themselves say "CHINA" anywhere ?

This LOOKS LIKE a flea market venders "stash"...
I have seen these huals before... and the are comprised of fake GP gold items that are marked only 10-14 k... but in fact are only plated items.

I AM NOT saying that is what you definitely have here... but serious testing should be done.

IF THIS IS plated items/fakes... then you payed below the "wholesale" value of buying a lot like this and would make sense.

Food for thought.

Hard scratch/file tests are highly suggested.
 

Beachkid23 said:
That's not true, He said he's known her for 30 years. Sometimes a relationship or friendship trumps money. Actually a good friendship or a good relationship is way better than any dollar value in the world. And sometimes in life you make friends with someone who doesn't care what their stuff is worth but they're more interested in helping their friend out.

This is how I'm building my business one day at a time. One person at a time and I guarantee at the end of the day it will pay off more then any $ amount in my bank account.
Click to expand...

I've known a lot of people for 30 years & there is absolutely no way in heck I would sell any of them a bunch of unsearched boxes. The people I've known for 30 years fall into one of two categories. They are either true friends or people I have some lesser relationship with. A true friend could have the boxes for free sight unseen. Someone I have a lesser relationship with could pay a fair & reasonable price. I read the same post you did.....& nothing in there indicated the OP had anything more than a business relationship with the seller.
 

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