article thumbnail

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

Artifactual History Appraisal

You may also see this level of the market described as “replacement cost,” which is a term used by the International Society of Appraisers. All of those costs are factored into retail prices and contribute to their position at the top of the levels of the market. The next level down of value is Actual Cash Value.

article thumbnail

Insurance: Protecting Your Collection

Art Peritus

For example, one can purchase a policy to cover their fine art collection , or purchase a valuable items policy designed specifically for jewelry , or for wines , antiques , automobiles , luxury goods such as handbags and a litany of other categories. Most standard policies will not provide this degree of specific coverage.

article thumbnail

Selling Your Jewellery

Imperial Gem Lab

How jewelry is valued While the majority of the appraisals we do are for insurance purposes (Retail Replacement Value), a Fair Market Valuation (FMV) is more appropriate when it comes to determining what you might expect to sell your jewelry for.