The trade-in price for your old ring is not that far off, either. This is true IF you were told you were getting the "scrap" price and not trading in a usable ring. Scrap rates vary from refiner to refiner but according to today's platinum prices, we would likely offer about $110 for the old setting as scrap metal.
Sure, we would get more than that form the refiner but once overhead including refining costs, a profit and the fact the ring might sit around a while until we had enough metal to send to the refiner, the price quoted is not out of line. At first, I thought the price too low. I visited some refiner sites today and double checked.
If you were to sell you ring directly to the refiner, certainly you would get more the platinum content. The problem is, refiners often require minimum amounts of metal to be accepted for refining and one ring is not enough.
This is the final part of the answer. I will summarize by saying, the labor seems too high unless more work than assembly, sizing and setting is needed. The head seems too low unless quite light weight. The value offered for scrap (if that was the agreement!) is not far off at all.
I know it seems very low compared to new materials from the supply house. That is a fact of metal accepted as scrap and not as a usable item of jewelry. The broken prong is not your responsibility. The jeweler has little excuse for not informing you of the much higher finished price than estimated or quoted.
By very wary of the 'SH' though as it is EXACTLY the same upside down, ie: 'HS' which is a mark for H Samuel, a high street jewelry chain in the UK.
The earlier Samuel Hennell is S.H plus you would have to look at ALL the Hallmarks together and check their overall shape to get an accurate date.
There is NO 22ct gold rings which should be scrapped unless extremely thin or worn. The 'f' or foreign mark is a modern mark and shouldn't be confused with the full UK Hallmark.
You can get a complimentary eCourse on Hallmarks from the Jewelry Antiques of the 20th Century website, which will go through some of these aspects for you.
The next mark was an 'F' which is the Date letter (I'll get back to that one).
Are you familiar with jewelry?
Orignal From: The trade-in price for your
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