Bitcoin Forum

I am selling a 14k white gold ring with four small diamonds.
It is missing the center stone, so I'm selling it as scrap. I wanted to see how much gold is really worth in bitcoins.  

Take a look! http://www.biddingpond.com/item.php?id=417&mode=1

EDIT: The winner is Distribution.

My girlfriend hates how much I talk about Bitcoin. Maybe this could be my redeemer if I find a diamond.

I listed this ring as sort of an experiment.  Gold is the ultimate currency and some might think me crazy for using gold and diamonds to buy bitcoin. But I wanted to see the real value of gold in bitcoin, factoring in the risk of buying semi-anonymously. I currently have not even been offered the 60BTC reserve. That is about half of the scrap value according to the jewelry store near my home. That is even considering the low end of the diamond value. A full appraisal would involve  removing the stones and would cost too much relative to the value of the ring.

So I think fear about peer-to-peer sales means that sellers need to reduce price to coax buyers when using bitcoins. I believe if I put this on e-bay for USD it would have offers, maybe even the low buy it now price, which is just a scarp price a dealer might pay.

What do you think?

Mine also. But yes the center stone has bought her off!  lol

I just bid. How big of a diamond will the center hold?

The one that came out was a half carat. Not really a "baguette" diamond, but more of a rectangular cut.

Last day to bid! I kinda hope someone from here wins this.

I'm the only bidder so far. I hope I get it. I figure if she doesn't like it, I can do what you said and put it in an alternative currency portfolio.