A formal appraisal is an evaluation of your goods that is documented in writing and suitable for use in legal matters. Formal appraisals can be given for entire collections or for individual items. Here are a few reasons why you should consider getting a formal appraisal for your valuable assets by visiting a coin dealer.
Whether you collect rare stamps to sell or are keeping your grandmother’s antique gold jewelry in your family, insuring your valuables will protect you in the event of robbery or a disaster. By obtaining a formal appraisal for your valuable goods, you can insure them for an accurate amount. If you have had your silver, gold, or other high-value commodities appraised in the past, remember that the value of these goods constantly fluctuates. Obtaining an up-to-date appraisal allows you to adequately protect these items.
Sale of Valuables
If you're considering selling a valuable collection or item, you should first obtain a formal, written appraisal to assist you in determining the appropriate price. Even if you don't plan to sell the item right away, having it formally appraised provides you with an accurate account of your current assets. It is essential to bring your valuables to a qualified appraiser to ensure that you receive adequate compensation during your sale.
Obtaining a formal appraisal for your antiques and precious metals is an important aspect of determining the value of your estate. Whether you are in the process of estate planning or settling an estate, having written documentation of the value of items allows you to accurately divide your estate as needed.
At Coins of the Realm, we offer formal appraisals for coins, paper currency, stamps, and bullion, or bulk amounts of precious metal. We provide expedited appraisals and suitable legal documents for the convenience of our customers. To learn more about formal appraisals, stop by Coins of the Realm’s Rockville store or give us a call at (301) 340-1640.