Mud-puppy
Forum Supporter
Let me run this idea up the Friday Morning Forum flagpole and see who salutes...
Somebody should invent a machine called a "RingStar"...based on the Coinstar concept, modified a bit....You would step up to a RingStar and insert a Gold ring. The machine would weigh it, hit it with an XRF analyzer, take a sizing measurement, picture, access the current Spot Price of Gold via Wifi, ...deduct lets say 12% (current CS fee)...and then allow you a choice of taking the payment or retrieving the ring?
Should go over HUGE in Casinos one would think!!
Anyway...then the rings are stored in the machine individually, and the original depositor has a code# on his receipt that allows 48hrs to retrieve that ring for 10% more than either the current Spot, or 10% more than the original Spot at the time of deposit...which ever figure is the largest...
If unclaimed after the allotted time expires, another person could step up and scroll through the available rings inside via pictures on the screen.......and then may decide to purchase one for 20% over Spot, or over the initial assessed value given...again, which ever figure is largest...
Basically it would be an automated Pawn Shop/Jewelry store for Gold Rings!...only with no major 50% rip off, staff to hire, or outrageous up charge..!
Heck you wouldnt even need an attendant to come and clean it out all the time!...The uplink would let the franchise owner know exactly what the Gold value is inside that machine at any point in time, and it has the capability of selling the abandoned rings to a buying Public?....Whatcha tink?
Its hard to find gold rings, its even harder to redeem them...this would be fast, fair, easy and simple...Hell! I would fly out to Harrahs and dump my finds, have a wonderful weekend, and if Lady Luck was favorable to me at the tables, and the Spot didnt go up too much, I could fly home with all my gold rings if I wanted to!
Somebody should invent a machine called a "RingStar"...based on the Coinstar concept, modified a bit....You would step up to a RingStar and insert a Gold ring. The machine would weigh it, hit it with an XRF analyzer, take a sizing measurement, picture, access the current Spot Price of Gold via Wifi, ...deduct lets say 12% (current CS fee)...and then allow you a choice of taking the payment or retrieving the ring?
Should go over HUGE in Casinos one would think!!
Anyway...then the rings are stored in the machine individually, and the original depositor has a code# on his receipt that allows 48hrs to retrieve that ring for 10% more than either the current Spot, or 10% more than the original Spot at the time of deposit...which ever figure is the largest...
If unclaimed after the allotted time expires, another person could step up and scroll through the available rings inside via pictures on the screen.......and then may decide to purchase one for 20% over Spot, or over the initial assessed value given...again, which ever figure is largest...
Basically it would be an automated Pawn Shop/Jewelry store for Gold Rings!...only with no major 50% rip off, staff to hire, or outrageous up charge..!
Heck you wouldnt even need an attendant to come and clean it out all the time!...The uplink would let the franchise owner know exactly what the Gold value is inside that machine at any point in time, and it has the capability of selling the abandoned rings to a buying Public?....Whatcha tink?
Its hard to find gold rings, its even harder to redeem them...this would be fast, fair, easy and simple...Hell! I would fly out to Harrahs and dump my finds, have a wonderful weekend, and if Lady Luck was favorable to me at the tables, and the Spot didnt go up too much, I could fly home with all my gold rings if I wanted to!