An appraisal is a process by which a professional assesses the value of an item. For jewelry, an appraisal can tell you the kind of gem and metal it is made up of. For coins, this process can tell you what kind of coin it is, what metals it’s made of and it’s value.

Getting a jewelry and coin appraisal is essential for a multitude of reasons, which we’ll cover in this blog. Keep reading to find out why!

Do You Want to Preserve the Value of Your Assets?

If the answer is yes, you should get a jewelry and coin appraisal. Depending on their value, jewelry and coins can be valuable assets in your financial portfolio. By getting an appraisal, you can have the value, authenticity, and quality of your assets verified.

As we mentioned above, a professional appraisal can tell you what kind of gemstone(s) are in your jewelry, the karat size of the gemstone, and what precious metals it’s made of. For coins, they can verify their quality, condition, authenticity, what kind of coin it is, and the metals it’s made of. 

Don’t think of an appraisal as a one-and-done action. You should have your valuables appraised every few years (most professionals agree three years is a good amount of time) since the value of precious metals, stones, and gems frequently changes. This will give you an accurate replacement value should you ever lose your valuables or if they’re stolen.

Do You Need a Jewelry and Coin Appraisal for Insurance Coverage?

Yes! You can get insurance coverage on your expensive jewelry and coins in the case of loss, damage, or theft. In this case, having a written appraisal is essential so your insurance company has accurate documentation of your items’ worth. This is also why it’s important to have your items appraised every few years, so the estimated value is up to date.

Speak with your insurance agent to determine what kind of appraisal you will need and verify with the appraiser that they can provide the appraisal that you need.

With the appropriate appraisal, in the case of loss, damage, or theft, your insurance can reimburse you for the cost of your jewelry or coins.

Do You Want to Resell Your Valuables?

If you ever decide to part ways with your valuables and decide to resell them, an appraisal can make a significant difference. By providing proof of value and authenticity for you and a potential buyer, you can save time haggling over the worth of what you’re selling. A professional appraisal confirms that your selling price is fair and accurate, increasing the likelihood of a successful transaction.

Reselling to a long-established, highly-rated jewelry store like ours ensures you have the best possible reselling experience. We won’t shortchange you on the value of your items, and our process is quick and easy! Don’t disregard items that are old or in need of repair; we accept broken or unwanted and even scrap gold and silver. 

What Are the Different Kinds of Appraisals We Offer?

• Replacement value: this is an estimation of how much it would actually cost to replace your valuables and is primarily used for insurance purposes.
• Fair market value: the estimated selling prices based on your valuables’ current market value and condition.

Get Confidence and Peace of Mind with a Professional Jewelry and Coin Appraisal from David’s Jewelry & Coin Exchange

Here at David’s Jewelry & Coin Exchange, we can provide you with a professional verbal or written appraisal for one item or a whole collection! There’s no appointment necessary, so you can visit us whenever you’re free. However, if you prefer to make an appointment, that option is available through our Facebook page or you can give us a call!

We offer quick, onsite appraisals for single items at no cost to you. Written appraisals are completed in as little as 2-3 days, depending on the size of the collection. Visit our Appraisal Service page for more information on pricing and what’s included in a written appraisal.

Getting an appraisal is a relatively quick and easy process that can save you a lot of money should anything unexpected happen to your jewelry or coins. Gain confidence and peace of mind regarding the authenticity and value of your valuables with an appraisal from David’s Jewelry & Coin Exchange!