What is My Estate Jewelry Worth

The short answer to "what is my estate jewelry worth" is that there is no short answer. It``s a tough question, as there are usually several different answers requiring a few more questions. Did you just buy it or inherit it and want to insure it? Did you just buy it and want to make sure you didn`t pay too much? Did you just inherit it or receive it as a gift and need to pay taxes on it or make sure it``s fair to everyone in the family? Do you want to use it as collateral on a loan? Do you want to sell it? If so, how quickly do you need the money? A single piece of estate jewelry can have several quite different values based on the answers to these questions.

We can help you figure out the rough value of your estate jewelry based on which of the values you want to know, but we may need to do an appraisal of one type or another if you want to know in any detail what you really have or if you need to know for legal or insurance reasons.

There are four basic types of estate jewelry appraisals. The first and probably the most common and most familiar is the "Insurance Replacement Value" appraisal. This type of appraisal is based on the full retail value of your piece, and should reflect a value that is at least 10% or more over what you paid for it if you bought it recently. The appraiser will value it over the purchase price to make sure that when you have it insured you will be covered if the value of the metal or stones increases over the two to four year period the appraisal is intended to cover. In automotive terms, this would be the same as "sticker price" for the most expensive model in the line, plus 10% to 20%. This is not the type of appraisal you should get if you want to know if you got what you paid for.