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Worthy.com - Anyone ever use these guys to sell some jewelry?

Posted on 3/15/23 at 10:50 am
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19494 posts
Posted on 3/15/23 at 10:50 am
Anyone ever sell some jewelry on worthy.com?

I know they have been around a while and advertise nationwide but it feels weird to drop jewelry in a FedEx envelope and ship it off to NYC with only a copy of a certificate of insurance they emailed me.

What really throws me is the policy type is listed as "inland marine."*

Am I about to get raped?

*ETA - Apparently "Inland Marine" is an insurance term that means it covers Movables. I figured it applied to boats or some shite.
This post was edited on 3/15/23 at 10:52 am
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
153601 posts
Posted on 3/15/23 at 10:56 am to
Selling valuables on a relatively unknown website? What could possibly go wrong? I say go for it.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19494 posts
Posted on 3/15/23 at 11:02 am to
Come on man. They are known by advertising all over the place. Which is the only reason I sort of, kind of trust them. It wouldn't make sense to spend millions on advertising (I know what that shite costs from my job) to rip people off in the short term.

That being said, I figure someone on the OT has used them and I am looking for a non-bot / non-planted review.
Posted by Ghost of Colby
Alberta, overlooking B.C.
Member since Jan 2009
13600 posts
Posted on 3/15/23 at 11:09 am to
I remember the old days when you had to have a trusted source to be able to fence the loot from a burglary.

Now you can just drop it off at FedEx, and a couple of weeks later get a check from some place in NYC.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
69899 posts
Posted on 3/15/23 at 11:11 am to
quote:

*ETA - Apparently "Inland Marine" is an insurance term that means it covers Movables. I figured it applied to boats or some shite.
The first insurance companies were formed to insure Ships and their cargoes because shipping was so dangerous no one would or could try it without "Marine Insurance". Usually the insurance was more for the cargo rather than for the vessel.

The Great Fire in London (1666) made folks realize that businesses needed coverage for things inland as well.

The need really took off as the UK industrialized in the 18th Century. The kilns and steam engines and factories were huge investments that needed to be financially protected.

So the same underwriters who were writing "marine" insurance began writing "inland marine" policies.

Hence the term.
Posted by Y.A. Tittle
Member since Sep 2003
107204 posts
Posted on 3/15/23 at 11:13 am to
Whatchu got, son?

I'm sure there are plenty of baws on here looking to hook their old ladies up, if you're willing to make a decent deal on some bling.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19494 posts
Posted on 3/15/23 at 11:25 am to
An inherited 2.0 carat diamond wedding ring. Not what the anti-marriage OT Baws want I am pretty sure.

From what I see online, its the kind of thing these jewelry auctions thrive on.

I got a couple of low-ball local offers. If ever you want to see what a scam the jewelry business is, try to sell something knowing what was paid for it. You are LUCKY to get 35-40% of purchase price.
Posted by financetiger
Member since Feb 2008
1798 posts
Posted on 3/15/23 at 11:35 am to
Exactly. Was told by a jeweler to never use those websites, they are all going to give you significantly less than what it’s worth. He told me to hold onto it.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19494 posts
Posted on 3/15/23 at 11:38 am to
quote:

He told me to hold onto it.


What's the end game there? Leaving it in the safe until I die and my family sells it cheap for some quick cash isn't much of a plan.
Posted by slacker130
Your mom
Member since Jul 2010
8618 posts
Posted on 3/15/23 at 11:38 am to
quote:

Was told by a jeweler to never use those websites, they are all going to give you significantly less than what it’s worth.


And, they could send it back with replaced with lesser stones.
Posted by LegendInMyMind
Member since Apr 2019
65747 posts
Posted on 3/15/23 at 11:43 am to
quote:

Exactly. Was told by a jeweler to never use those websites, they are all going to give you significantly less than what it’s worth. He told me to hold onto it.

Was that same jeweler in the business of buying pre-owned/vintage jewelry across the counter from the general public?
Posted by LSU Grad Alabama Fan
369 Cardboard Box Lane
Member since Nov 2019
12890 posts
Posted on 3/15/23 at 11:43 am to
I stopped breaking into houses years ago.
Posted by Panny Crickets
Fort Worth, TX
Member since Sep 2008
5596 posts
Posted on 3/15/23 at 12:23 pm to
quote:

What's the end game there? Leaving it in the safe until I die and my family sells it cheap for some quick cash isn't much of a plan.


Either that or have a trusted jeweler make you something new with the existing stones and gold/whatever.

And comparing what the original owner paid to what you’ll get from a jeweler is not the way to go about this; unless you are good friends with your jeweler, you overpaid for your jewelry.
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