article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

Actual Cash Value is Retail Replacement Value minus depreciation, which can be a deduction made for age, damage, or another factor. Fair Market Value is also frequently encountered in equitable distribution and family distribution appraisal reports. The next level down of value is Actual Cash Value.

article thumbnail

What Does An Appraiser Do, Anyway?

Penrose Appraisals

In fact, some signs of age are a good thing - think of the nice green color that oxidized copper turns when it gets old. If you were collecting early American weathervanes, you might pay more for a piece that was green - it is evidence of age and of use, which gives it that authenticity that can be so important. Intangibles.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Documentation Do I Need for a Jewelry Appraisal

Buckhead Jewelry Appraisers

When creating a will or trust, it's crucial to have an accurate assessment of the value of jewelry assets to ensure equitable distribution among heirs. Furthermore, written jewelry appraisals are essential for estate planning. In addition to insurance and estate planning, written jewelry appraisals are valuable for resale purposes.

article thumbnail

How to Find and Choose and Antiques Appraiser Near You

Penrose Appraisals

If you prefer in-person assessments, and are located in the greater Northwest Pennsylvania area (Cleveland to Erie to Buffalo and down to Pittsburgh), Penrose Appraisals can also provide tailored appraisal services, especially for significant occasions like insurance, charitable donations, or equitable distribution. Estate settlement.

article thumbnail

Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

In other words, age alone does not necessarily translate into value. In other words, age alone does not necessarily translate into value. Without a proper appraisal, you may receive inadequate compensation, which can be a significant financial loss. Market fluctuations and rarity can have a big impact on antiques and collectibles.

article thumbnail

How to Prepare Your Parents' Estate

Penrose Appraisals

This can be especially helpful if there is a desire to ensure the equitable distribution of items to heirs. I love to do estate appraisals of this kind, as I know how much of a help they can be to the loved ones of those who are aging or have already passed away.

article thumbnail

How Do I Get My Art Appraised?

Fine Art Estates

But there are other reasons as well, such as settlement of an estate, donating a piece or collection to an institution, equitable distribution in a divorce, or wanting to know an accurate market value before selling a work. Probably the biggest reason for an art appraisal is insurance against damage or theft.