Tips For Determining The Value of Your Collectibles

Many people have antiques or collectibles that they would like to determine the value of. Some people look at price guides or check to see what similar items are selling for, but there are other factors that should be considered as well. So, to help you with valuing your antiques and collectibles, we will list some of the factors you should consider when attempting to value your items.

Condition of the Item

One factor you should always consider when trying to determine the value of an item is its condition. This will have a large effect on an item’s value. Even if other similar items are worth a lot, your item may not be worth as much if it is not in similar condition. So, look over your item for any flaws, such as cracks, missing components, or excessive wear, among others, that may lower the value of your item.

Maker’s Marks

Some antiques may be stamped with a designer or manufacturer’s mark. If you have an item with one of these marks, it is probably worth more than an identical item without such a mark. So, check your item carefully for any such mark, as it could definitely be worth your time. This type of mark can also be helpful in identifying where an item came from or how old it is.

How Rare the Item Is

If you are lucky enough to have an item that is truly rare, it could be worth a considerable amount, even with some flaws. People generally will pay more for a slightly flawed rare item than a mint condition item that is more common. So, the rarity of your item can have a large effect on its value.

The Item’s Authenticity 

If you have an item that your family has owned for a number of generations and you know where the item originally came from, you will likely know that it’s an antique. This is not so easy with an item you recently purchased. You can look at the item carefully for signs of wear or damage. You can also see if it has a maker’s mark. But, there is a good chance that you will need to have the item professionally appraised to find out its true value.

The Age of an Item

People often think that just because an item is very old, it is valuable. But, this isn’t actually the case. The value of an item depends on the demand for the item. If there are still a large number of a particular old item around, it is unlikely to be very valuable. However, if you have an old item that is quite difficult to find, it could be worth quite a lot.

The Value of Similar Items

It is important to consider a number of factors other than the value of similar items. However, it can still be useful to see what items that are similar to yours are selling for. This is especially useful if your item is in a similar condition to the item being sold. Additionally, it might be the most practical way to get an idea of your item’s value if you are having difficulty valuing your item based on other factors and you don’t want to have your item professionally appraised.

Final Thoughts

If you have antiques or collectibles sitting around, chances are you are at least a little curious about what they might be worth. There are a number of factors that go into determining the value of an item, and the ones we discussed above can at least get you started. If it appears that your item may hold significant value, your next step should be to contact a professional appraiser to perform a professional inspection of the item to determine its true value.

Contact Us

For help determining the value of your collectibles, contact Manzi Appraisers & Restorers. Our experienced appraisal and valuation professionals are ready to help you find the value of your collectibles. Call us to schedule an appointment at 617-948-2577 and connect with us on Facebook.