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Maybe you inherited a collection of bracelets from a relative, or you found a few second-hand watches and don’t have the history of what you’ve bought. The goal of an appraisal is to be as objective as possible, so that a well-informed jewelry expert can tell you with reasonable certainty what your collection is worth.
Often the misconception is that only blue-chip collections worth millions of dollars require this kind of specialized protection. However, in truth there is no “minimum value” to mandate insuring one’s treasured valuables and virtually ALL collections can benefit substantially from being insured.
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— RetailReplacementValue , Fair Market Value , Marketable Cash Value , and Liquidation Value —and when each is used.
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