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Related Blog: Selling Gold and Silver: 4 Rules for Dealing with Antique Buyers 2. Be sure to read reviews, check their credentials, and explore any feedback from previous customers to get an idea of their reputation. Besides receiving an appraisal, fairs are also a great opportunity to network with dealers and collectors.
In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. A professional appraiser should have appropriate credentials and expertise in the specific type of antique being appraised.
They don’t have the correct credentials. These types of valuations are not accepted. A collector should also be aware that when an insured has blanket coverage, in the event of a loss, descriptions and valuation will need to be established. There is not enough information. In one case, a person lied about their qualifications.
Understanding IRS Qualified Appraisals and Qualified Appraisers for Jewelry Valuation When dealing with tax-related matters such as charitable donations, estate tax filings, and gift tax reporting , an accurate and IRS-compliant jewelry appraisal is essential. Explain the valuation methodology used to determine the fair market value.
Jewelry Appraisal for Insurance: The Hidden Risks of Inflated Valuations When it comes to insuring your fine jewelry, getting an appraisal is an essential stepbut not all appraisals are created equal. As a Master Gemologist Appraiser based in San Diego, Ive seen firsthand how overly generous valuations can cost clients moneyand peace of mind.
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