Answer: The correct answer is : Della's hair and Jim's watch
Explanation: The two most precious possessions for the couple are Jim's gold watch and Della's hair. Della's hair reaches her knees. Della decides to go to Madame Sofronie who has a hairdresser, she cuts her hair and sells it for $ 20. When her husband Jim sees her with short hair she has an expression that Della does not understand, he was in shock and did not understand why his wife had sold her hair.
Jim's full name is "Mr. James Dillingham Young". Jim's golden watch is his best possession, it is a family inheritance from his father.