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Let the buyer beware.

(37 Posts)
biglouis Thu 04-Jul-24 12:36:34

Lets say you buy a mixed bag of apparently junk jewellery from Ebay, an auction or a car boot sale. You pick out a couple of decent looking rings, take them to a jeweller and ask if he would like to buy them.

The jeweller offers you £500 for what appears to be a mans gold signet ring. The only question he asks is are you legally entitled to sell this property. You tell him yes. You accept the offer.

A few days later he contacts you via text to tell you that the ring is only heavily plated, not gold, and he wants his money back.

I would tell him that he made me an offer based on his professional opinion and I accepted. I did not misrepresent the goods in any way or guarantee that it was gold. So it’s a done deal. Then I would block him.

What would you do?

Bumface Fri 05-Jul-24 14:28:47

Sorry biglouis I didn't mean to highjack your chat with all this spoon stuff.sad

4allweknow Sun 07-Jul-24 11:40:52

The person was no jeweller ic he paid a price for gold when it wasn't. Modern gold has stamping showing category and country of origin. If even older, there is a test to find if gold or not. He bought it and decided it was gold. Unless you led him to believe otherwise, his mistake.

JadeOlivia Sun 07-Jul-24 13:57:25

If you had already spent the money on buying other items/ a plane ticket/paying your electricity bill ....how would/ could you give it back anyway? It was his mistake, not yours caveat emptor for me too.

rocketstop Sun 07-Jul-24 14:05:17

I'd do the same and keep the money.Nobody had tried to defraud the jeweller, he shouldn't have given the money if he had yet to verify the authenticity of the object.

HousePlantQueen Sun 07-Jul-24 14:17:10

Let's turn this around: If the jeweller had told you the ring in question was only heavy gold plate, not gold, and he subsequently 'discovered' it was 24carat gold, what are the chances of him contacting you and offering to pay you more than he did?

There's your answer!

Tizliz Sun 07-Jul-24 14:26:04

i was just writing this, almost exactly the same and it failed to send. is gransnet getting clever?

undines Sun 07-Jul-24 14:45:01

Definitely caveat emptor. And the jeweller is the 'expert', not you. He offered you that sum, how are you to know whether at this point he has decided he paid more than he can afford/funds running low this month so decides to try to claw some money back from someone who is less knowledgable - ie you, the original seller. One outcome could be that he ends up with a valuable ring for £50, instead of £500. He should not expect any of his valuations to be taken seriously if he's going to mess around like that!

HousePlantQueen Sun 07-Jul-24 14:47:12

Tizliz

i was just writing this, almost exactly the same and it failed to send. is gransnet getting clever?

spooky!!

Greciangirl Sun 07-Jul-24 16:26:33

I sold some gold Jewellery to a reputable jewellery shop some time ago.
They examined closely with a magnifying glass to ascertain the correct carats.

Why didn’t your dealer do that, I wonder.

It seems he is at fault here.

Mojack26 Sun 07-Jul-24 16:51:32

He should have examined it before he made offer,in my opinion. He bought it. His mistake. As far as I can see he dies not have a leg to stand on.

hallgreenmiss Mon 08-Jul-24 06:41:19

HousePlantQueen

Let's turn this around: If the jeweller had told you the ring in question was only heavy gold plate, not gold, and he subsequently 'discovered' it was 24carat gold, what are the chances of him contacting you and offering to pay you more than he did?

There's your answer!

Quite!