Appraisals
G. Thrapp Jewelers offers three types of appraisals to meet our clients specific appraisal needs.
Insurance AppraisalsInsurance Appraisals establish the retail replacement value of your jewelry item to preserve its asset base value for obtaining insurance coverage. Insurance values DO NOT establish values for divestment objectives.
Estate AppraisalsEstate Appraisals establish a baseline cash equivalency value of any given jewelry item that most accurately represents a real monetary exchange for the purpose of paying estate taxes as a component to one’s total estate holdings. Typically, these values are predicated on a willing buyer, a willing seller, and a term of divestment not to exceed 6 months. Also, please refer to IRS statues.
Fair Market Value AppraisalsFair Market Value Appraisals are an opinion of the price at which property would change hands between a willing buyer and willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of all relevant facts in the most common market in which such goods are sold. Ultimate selling price would be predicated on the seller’s due diligence, methods of divestment, and economic trends.
| Purpose | Function |
|---|---|
| Retail Replacement | Insurance Comparables for Purchase Hypothetical (Lost) Damage Barter |
| Fair Market | Estate Divorce Probate Antique (100 year) Casualty Loss |
| Liquidation | Bankruptcy Collateral |
| Other | Wholesale Scrap Non-Cash Charitable Donation (IRS Deduction) Confirmation of a Diamond Report and Valuation Form An Internet Purchase |
Regarding appraisal types and cash liquidation of your estate and heirloom jewelry items, please email Gary Thrapp gthrapp@gthrapp.com.
