Did You Inherit Collectible Memorabilia From A Loved One? Learn How To Determine Its Value
Inheriting items from a memorabilia collector could be a very lucrative endeavor. There are many classic items that are now worth a lot of money. In order to sell the items and get the most money for them, you must first ensure that the items are real and determine what their true value is. The following guide will walk you through the process of selling inherited collectibles.
Have the Items Authenticated
Items that have been signed by celebrities, been used in film, or that have historical value need to be authenticated by a professional from a site like http://www.appraisalsbyrenick.com/ to ensure that they are what you think they are. There are professional companies that are dedicated to authenticating items. You can take the items to the authentication company and have them inspect them. For signatures, they compare the signature to a known writing of the person whom supposedly autographed the item. For historical items or items from the films, there are markings, references, and sometimes even pictures of the items that prove they are the real deal. When the items are authenticated, you will get a certificate of authenticity to include with the items so that you can prove they are what you say they are.
Have the Items Appraised
Once you know that the items you have is real, you will need to get them appraised by a professional appraiser. The appraiser will use the information that you provide to them to compare the items to other similar items that have sold recently. This allows them to determine if they are sought after and how much people are willing to pay for them. The appraiser will then give you an appraisal in writing for the pieces.
Hire a Professional to Sell Them
There are memorabilia dealers that specialize in the buying and selling of classic items. The dealer will be able to find people who are looking for the exact items that you are selling and be able to get you the most money possible for them. Finding someone to buy the items on your own would be very time consuming and difficult. The dealer will take a small commission from the sale, but it will be well worth it, if you are able to get a ton of money for the pieces.
If you choose that you do not want to sell the pieces and would rather keep them in your family, use the appraisal value as the insurance value. You want to be sure to include the items on your homeowners insurance just in case anything happens.