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Understanding the Difference in Value for Different Jewelry Appraisal Purposes

La Jolla Gem Appraisal

Each type of value serves a specific need, and understanding these distinctions is essential for making informed decisions. Here, I’ll explain the four main types of value in jewelry appraisal— Retail Replacement Value , Fair Market Value , Marketable Cash Value , and Liquidation Value —and when each is used.

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9 Reasons Why Should You Hire an ISA Personal Property Appraiser

International Society of Appraisers

Donations and Charitable Contributions: Should you be planning to make a donation to a museum, institution, or non-profit organization, an appraisal from an IRS Qualified Appraiser can determine the fair market value of your items in order to claim the appropriate tax deductions.

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

Artifactual History Appraisal

Most people selling items on the secondary market who aren’t professional dealers or without access to the assistance of professional dealers will find it difficult to obtain retail prices in a sale, and can more realistically expect future sale prices to be closer to the Fair Market Value and Liquidation Value levels of the market.

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What Kind of Appraisal?

Drishti LLC Appraisers

FAIR MARKET VALUE VS. MARKET VALUE In the situation of an estate distribution, the appraisal report is written to determine Fair Market Value, which is slightly different from Market Value. It is not used for forced sale or bankruptcy situations.

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How to Appraise Your Jewelry: A Comprehensive Guide

La Jolla Gem Appraisal

Fair Market Value and Marketable Cash Value: Assesses the value of jewelry for resale, estate planning, inheritance, or tax purposes based on current market trends and comparable sales. It's crucial for insurance scheduling, ensuring adequate coverage in case of loss or damage.

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What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. Appraisal methodology is determined with the purpose of the appraisal, different appraisal purposes will have different types of values.