How to choose a silverware appraiser
Making the distinction between antique silverware (tableware) and modern silverware is of utmost importance when appraising silverware for insurance purposes. Antique silverware (tableware) hails from a specific era in the past. Some people assume that any old silverware is antique, however, only silverware that is at least 50-150 years old is truly antique. Silverware that is newer than that but still twenty or thirty years old can be described as vintage silverware. It should be noted that silverware could only be referred to as vintage provided that it is not constructed in a modern way.
Similarly to other antiques, silverware (tableware) is valuable provided that it is in a good condition. Many people take their antique silverware to a silver appraiser to have the goods valued. Certain families collect these types of antiques and then pass it on from generation to generation. Families will only bring the silverware out at special occasions such as formal events. Some families have managed to keep silver in their family for more than a hundred years and this will obviously worth quite a lot of money. Most often the silverware is passed down the female side of the family from mother to daughter and so on.
The value of silverware (tableware)
The value of the silverware (tableware) will vary just as is the case with other antique ware. You should look after your silverware if you want it to maintain its value. Sets should be complete as well if you wish to keep the value of the antiques. Larger sets are especially valuable if all the pieces are present. Any pieces from the period 1830 will be more valuable because it was after this era that mass production began and mass produced silverware is not as valuable as pieces made before then.
Finding a quality silverware appraiser
If you want your silverware (tableware) to be properly appraised, then you need to select a silverware appraiser that is qualified. The appraiser should also be linked to a recognized appraisal association. Personal property appraisers are not licensed and this means that anyone has the ability to call him or herself an appraiser. Typically, a silverware appraiser will have papers and will only be able to appraise silverware (tableware).
Professional silverware appraisers will value your goods based on the information that is presented to them. This can be done both on or offline, although experts recommend that it should be done offline. The final result will be an accurate assessment of the value of the goods including the cost to replace such goods.
Good silverware appraisers have built a strong reputation over years of appraising silverware. Over the years, they have built up an incredible amount of knowledge and expertise. Since they belong to associations, they are able to tap into the expertise of their colleagues and this makes them even more qualified to give accurate appraisals of your silverware (tableware).
Silverware appraisals are not simple forms with prices of silverware on them. The owners name and contact details need to be on the form. The reason for the appraisal and the type of appraisal should also be mentioned. This could be for insurance, estate duty, replacement value, fair market value and so on.
Should you use online portals, the values will be in USD and you will then be able to convert it to the currency of your choice. If you go to the silverware appraiser’s office, it will be given in the currency of the country. Silverware appraisers look at the grade of the silverware (tableware). Higher-grade silverware indicates that the condition of the silverware is in a good condition. This increases the value of the silverware and means it will be worth much more than lower grade silverware.
If your particular silverware is rare, it will be more valuable. Items that are not easily available in the market are deemed to be rare and if you have such silverware (tableware), you can be sure that they are valuable.
Records are kept of rare items such as silver platters and other silverware. Many people use auctions to define just how rare certain items are. In some instances, rarity is even more important than the grade of the items. Owners would rather own a rare piece of lower grade than not own the rare item at all. The aesthetics of the item play a huge role in the value as well.
Factors that affect the value of silverware (tableware)
Economics and certain global trends dictate how the silverware (tableware) is collected and this affects the value of it. Silverware appraisers will spend time monitoring the trends so that an accurate appraisal can be arrived at. The economy has a large role to play, because if money is short then it is harder to sell the silverware at its true price. While the age alone is not a determining factor, it certainly is a factor in the entire picture. Some silverware can be traced back with regards to lineage and obviously this must play an important role in determining the value of the silverware.
Some items are listed in periodicals and or catalogues. This is done purely for reference purposes and in no way determines the value of the item. Items are simply categorized and classified in the catalogues.
Silverware owners should be aware that a silverware appraisal is an independent valuation of an item that is not biased. The professional silverware appraiser uses all the information at his or her disposal to come to a conclusion.
In concluding, it is important to know that silverware appraisals are considered to be legal documents. They are useful for the purposes of insurance. Should it be stolen, the insurance company is able to pay out what the items are worth. In some instances, people give silverware (tableware) away to charities and the appraisal is necessary for tax purposes. The donor has to have proof of the value of the items so that he can claim this as a deduction on his or her tax returns. Should the owner of the silverware pass on an appraisal is necessary to determine tax duty. All assets are valued and the deceased’s estate is taxed accordingly.