I was goofing off one day, and placed a bid for a 1.2 Ct Diamond ring. I actually won, which surprised the heck out of me...paid around $400 for it I think. Then I realized my wife already has a diamond...what am I gonna do with this??!?!?!?
I was able to sell it to a pawn shop for exaclty what I put into it.
I have bought rings, earings and bracelets on e-bay, and so far have never been burned. All in all, it's a very nice service, despite the no-guns allowed bias.
greg