Melt worth is about $40
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Well I just looked that up, it is about 12 dollars a gram. So 28 grams make an ounce and if you weigh it on the scale you can calculate that. My ring weighs an ounce then you minus the stone in estimate for weight and figure it out. Crazy measure!
I believe you would get a fair price for this. You should get a professional appraisal done for your ring before selling it. If you are in or around NY, there are jewelers who have a good reputation like Fabrikant Fine Diamonds. They specialize in buying diamond, luxury watches, gold and estate jewelry. It is very easy to sell gold in New York to them. I’ve always received optimum value and satisfaction while selling to them.