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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

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What Does An Appraiser Do, Anyway?

Penrose Appraisals

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. On the other hand, in other cases, such as in pottery or glass, even the slightest chip or crack can significantly decrease value.

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Why You Should Get A Charitable Donations Appraisal

Penrose Appraisals

On this form, you list each of the items you have donated along with some basic information about them, including "fair market value" and "method used to arrive at fair market value." An appraiser is trained in this kind of market research and likely spends much of their time monitoring market conditions.

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2024: Year in Review

Penrose Appraisals

Also in February, I appraised a collection of guitars for purposes of buying insurance. It's important to realize that your homeowners' insurance does not automatically cover items of unusual value such as antiques and collectibles. Later in the year, I appraised a collection of guns for the same purpose.

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Personal Property Estate Appraisal Explained

ValuePros Appraisal Services

A personal property estate appraisal is a professional assessment of the value of tangible assets within an estate. This includes items such as furniture, art, collectibles, jewelry, vehicles, and household goods. Market Research: Appraisers research the market value of comparable items.