Have you ever had part of your collection appraised?

[Sean]

Originally Posted by Leon

Totally understand. When I try to value mine I get a very, very wide spread. My wife asks about it every now and then and I sort of scratch my head. I really don't know the value but it's more than it should be relative to other resources . (and she is cool with it).

I just tell her that if we have a financial issue I will sell a few cards and that usually quells the worries.

Leon, I can definitely identify with this.

[ullmandds]

i think many of us on this board are more than capable of appraising our own collections...atleast I know I can.

[I Only Smoke 4 the Cards]

Originally Posted by ullmandds

i think many of us on this board are more than capable of appraising our own collections...atleast I know I can.

Would any insurer rely on a self-appraisal?

[ullmandds]

Originally Posted by I Only Smoke 4 the Cards

Would any insurer rely on a self-appraisal?

I have no idea...but if they'd trust an appraisal from a dealer whose been dealing vintage for less yrs than my youngest underwear...why not?

[I Only Smoke 4 the Cards]

Originally Posted by ullmandds

I have no idea...but if they'd trust an appraisal from a dealer whose been dealing vintage for less yrs than my youngest underwear...why not?

It seems like people would inflate the value of their collection, but your point it well taken.

[PM770]

Originally Posted by I Only Smoke 4 the Cards

It seems like people would inflate the value of their collection, but your point it well taken.

You are going to have to pay the inflated premium on an inflated value. If you say your collection is worth $1 million. You are going to pay a higher premium that if you say your collection is worth $100,000.

The important thing is to have an inventory list of everything you have.

Who is the guy with the crazy card prices on ebay? I wonder what he values his inventory at

[nolemmings]

The wife is starting to go on offense. "You know if you sold a few cards like you are always telling me you can, then we could............."

A bone-chilling turn of events.

[I Only Smoke 4 the Cards]

Originally Posted by PM770

You are going to have to pay the inflated premium on an inflated value. If you say your collection is worth $1 million. You are going to pay a higher premium that if you say your collection is worth $100,000.

The important thing is to have an inventory list of everything you have.

Who is the guy with the crazy card prices on ebay? I wonder what he values his inventory at

I understand the higher premium. My concern is that without independent confirmation the process seems very susceptible to fraud.

[t206hound]

Originally Posted by I Only Smoke 4 the Cards

Would any insurer rely on a self-appraisal?

I have a relatively modest collection, but collectibles insurance services (collectinsure.com) simply based my policy on the estimate I gave them. When my renewal came up, and I had sold off some cards, I adjusted it down and my premium lowered as well.