There comes a time when you may want to give away or sell your family heirlooms. Even though you understand their sentimental value, you can never know their true financial value without a proper and objective assessment. This is where appraisal services come in.
There are several reasons you should always consult a professional before donating, gifting, or selling your heirlooms, including:
- Getting a complete description. It’s important to know what you’re letting go of. Appraisal services will provide a complete description of your item, including its age, condition and historical or cultural significance. These characteristics can affect the value of your heirlooms, so they might be worth appraising.
- Getting fair market value. You also deserve to know the true value of your heirloom if you’re selling. Appraisers are trained to look beyond sentimental value. They analyze factors such as the heirloom’s market demand, rarity, and condition. These help them determine a fair market value, which can sometimes be higher than what you anticipated.
- Proper documentation. If you plan on passing down your heirlooms to your children or grandchildren, you can help save your loved ones the time and hassle of arguing over their value by having the items appraised beforehand.
Given the importance of appraisal services, it’s essential that you look for a certified appraiser. At Carolina Silver & Gold, we have been providing trustworthy and affordable appraisal services for over 40 years. We also buy gold, silver, and platinum heirlooms at fair market values. If you would like to learn more about appraisals, reach out to us today.