Well I thought I had made my mind up to melt it until I started reading all of your responses. Now I'm feeling a bit guilty
Scuba's post made me curious about the cost so I did price the ring on the Balfour website and Scuba was right:
If it is 10K it cost the buyer 1090.00
To muddy the waters a little bit, on the website, when you buy the ring you get a 4-year "Ring Loss Protection Plan" included for free. Here are the details:
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College Ring Loss Protection Plan
Your Balfour ring is so precious that it is automatically protected against loss or theft. If your ring is lost or stolen, Balfour will replace the ring. This protection plan is in effect for four years from the date of purchase on all original rings purchased after August 1, 1996, and is limited to a single replacement of your original ring during the four-year period.
This Ring Loss Protection Plan excludes diamonds, precious stones, Military Academy rings, Championship rings and Texas A&M University rings (Aggie rings).
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So...if the original owner wanted their ring back so badly they would have already replaced it with a free one from Balfour...correct?
That eases my mind if I do decide to melt it.
Or maybe I'll just go back and bury it where I found it.