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As a personal property appraiser, my role encompasses tangible property including fine art, antiques, furniture, and collectibles. Reasons of valuations for tangible property can include estate and probate purposes, equitable distribution, insurance coverage, charitable donations, dissolution of marriage, and bankruptcy.
Whether you're curious about the value of your collection, planning for insurance coverage, or considering selling pieces, understanding how to appraise jewelry is essential. Step 1: Know Your Jewelry Before diving into the appraisal process, take a close look at each piece in your collection.
Do you need to have a collection appraised for insurance? Do you want to liquidate? CURIOSITY If you are simply curious about the value of an artwork or collection, a restricted appraisal will help you. It is not used for forced sale or bankruptcy situations. Do you want to know the value simply out of curiosity?
Here, I’ll explain the four main types of value in jewelry appraisal— Retail Replacement Value , Fair Market Value , Marketable Cash Value , and Liquidation Value —and when each is used. Practical Approach : Useful for those intending to liquidate assets or sell items on the open market.
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