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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Appraisals can help ensure adequate insurance coverage. You have lots of options for selling your items: eBay, local auction, yard sale, estate sale, and Facebook Marketplace being among them. If you are considering an estate sale, I can help! Check out my estate sale services here. Start the New Year Right!

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What Are the Different Types of Jewelry Appraisals

Buckhead Jewelry Appraisers

Whether it's a family heirloom passed down through generations or a recent acquisition, knowing it's worth not only provides peace of mind but also serves practical purposes such as insurance coverage, resale considerations, and estate planning. It considers factors such as demand, condition, and comparable sales.

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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

Art Sales When contemporary art owners decide to sell their pieces, they may request an appraisal to establish a realistic asking price. Auction houses, galleries, and art dealers often require a certified art appraisal to estimate and reserve artwork sales prices. Extensive research is a vital part of the appraisal process.

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What Documentation Do I Need for a Jewelry Appraisal

Buckhead Jewelry Appraisers

Insurance Purposes: Insurance companies often require detailed documentation for jewelry appraisals to determine coverage amounts and premiums accurately. One of the primary purposes of a written jewelry appraisal is to facilitate insurance coverage. This includes information about the materials used (e.g.,

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Reason for appraisal updates

James Farrow Company Jewelry Appraisers

If the rings were insured initially for the sale price of $10,000, they may feel slightly better. If the couple had spent 30 – 45 minutes and around $100 on a new appraisal every five years, their insurance coverage would have increased enough to make this situation a mere inconvenience and not the major issue it has become.

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How Do Pawn Shops Appraise Jewelry?: Understanding the Process

Buckhead Jewelry Appraisers

It ensures that you receive a fair value if you resell your jewelry, helps you secure the right insurance coverage, and assists in estate planning or the partition of assets. Determining an Accurate Value Insurance Coverage: Knowing the exact value of your jewelry helps you obtain the right insurance coverage.

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

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market. Sales tax is not included in the calculation of fair market value, although Bidder A may have had to pay it!