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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 MarketValue and Liquidation Value levels of the market.
While the current appraiser may establish their own grading and not necessarily rely on past assessments, these documents still offer valuable insights into the origin, quality, and provenance of your pieces. It's crucial for insurance scheduling, ensuring adequate coverage in case of loss or damage.
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 MarketValue , Marketable Cash Value , and Liquidation Value —and when each is used.
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