Jewelry Appraisals Greeley Colorado
Since 1915 Weiss Jewelers has been an independent jeweler in Northern Colorado. If you need an appraisal our professional staff in our Greeley store can help. We offer appraisals for estate, insurance or fair market value needs. If you live in Windsor, Fort Collins, Loveland, Greeley or anywhere in the Northern Colorado area we urge you to contact Weiss Jewelers today for more details on jewelry appraisals.
How Weiss Jewelers Creates a Jewelry Appraisal
The process begins by our viewing all of the items you are considering having appraised. This often allows us to distinguish between costume and fine jewelry and also set preliminary value groups, in order for you to determine which items you want and/or need to have appraised and for us to give you an estimate of the cost of the appraisal.
Creating the Appraisal Document
We will visually inspect the items, noting any obvious or significant damage or wear. We will then clean the items, so that we can do a detailed analysis for the report. To create the written work we will weigh, measure and describe the items. We will test the metals as well as noting any stamps or marks. We will measure and estimate weights of mounted gemstones as well as identify their nature, quantity and quality, using industry standards. We will then photograph the items. At this point you will be able to leave with the items. We will then do whatever further research and analysis is necessary in order to complete the appraisal document.
Types of Jewelry Appraisals
The following definitions are brief descriptions to aid in the understanding of types of appraisals and do not reflect the complexity of professional requirements and definitions.
Insurance Appraisal: An appraisal is a written statement, by a qualified person, identifying an item, its characteristics and qualities, including a value. This type of appraisal estimates what a private individual would most likely have to pay to obtain an item of like kind and quality, at a retail establishment.
Besides Insurance appraisals there are many other types of appraisals. The two most common are:
Fair Market Value (FMV) Appraisal: An estimate of what one private individual might expect to sell an item for, to another private individual, who is buying for their own personal use, not for resale. This appraisal is the standard type of appraisal used for distribution of family items among the heirs of an estate, in order to establish legal values; the settlement of divorce or some other legal issues.
Estate Appraisal: This document is specifically designed to provide information to the executor/executrix, trustee or personal representative of an estate in order to determine federal tax liability. Additionally there are gift, donation, collateral, cash and hypothetical, or post lost assessment appraisals.