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Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy. Appraisers may also assist with consulting and estate liquidation.
Whether you're curious about the value of your collection, planning for insurance coverage, or considering selling pieces, understanding how to appraise jewelry is essential. It's crucial for insurance scheduling, ensuring adequate coverage in case of loss or damage.
This blog post provides precise tips on cleaning, keeping, and treating your fur coat to stay in top condition. At Jerry’s Antiques, we can assist you in keeping your valuable items well-maintained – from estate sales and liquidations to professional appraisals up until cleanouts; we have it all covered for you.
In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. A current appraisal will help ensure that your insurance coverage is appropriate, and that you’re not paying high premiums for something that has actually depreciated in value over time.
When called to work on such leveraging of art for cash, an appraiser needs to be savvy enough to understand the type of value being sought—usually marketable cash value or orderly liquidation value, and needs to be completely independent from either party. Such coverage is much more comprehensive protection against loss.
135,000 is a nifty return on investment for a four-dollar purchase, which is what caused the extensive coverage of the sale in the general news media. I have written before about the dream of coming across such a find ( see previous blog here ). Well, the masses do get a vote, as I recently wrote ( see blog here ).
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. Why It Matters: Retail replacement value is essential when securing insurance coverage.
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