Pawnshop owner warns about fake gold rings

It looks real, but it's not.

A pawnshop owner says a fake gold ring duped him at first, and now he’s worried unsuspecting victims might be getting taken.

The ring appears to be a nice looking men’s gold signet ring.

“The first time I looked at it, I thought it was real,” said Randy Swerdlick, who runs the Jewelry Buyer Inc. on Northeast Sandy Boulevard.

He says he sees fake gold all the time, but not like this.

“But the weight is good, the look’s good, the stamp looks good – they’ve put some effort into it,” says Swerdlick.

He says he’s seen six fake gold rings in the past month.

“If I’ve seen six, God only knows how many people have been duped,” Swerdlick says.

“He told me it was pure gold. He had it all on his neck,” another man, who didn’t want to be identified, said.

He sent KATU photographs of a ring, similar to the one Swerdlick showed KATU.

The man says he got it from a man near Highway 30 and Northwest 57th, who said he needed some gas to get home.

“He said, ‘I’ve got my family with me and we’re stranded up here, and we’re out of gas.’ And I just opened up my wallet to help the man out,” the man told KATU.

He said he gave the man $40, and in exchange, he got the ring, which turned out to be fake.

“I’ve heard people spend anywhere from $50 to $400, so there’s a lot of variance, and they’ll take anything because the ring’s probably worth only $5 to $10,” Swerdlick says.

He encourages anyone who’s been in this situation to call police.

“If someone’s been victimized, report it and now the police will have a record,” Swerdlick says.

Police say they haven’t received any complaints so far.

If you or someone you know is a victim, police would like to hear about it.

close video ad
Unmutetoggle ad audio on off