Insurance Purposes: Many standard homeowners' insurance policies cap coverage for valuables like jewelry and collectibles at $1,500, which is often far below their true value. A detailed appraisal ensures that high-value items are adequately covered, providing necessary protection against loss, theft, or damage.

Estate and Taxes: In the case of inherited collections, the process of organizing, identifying valuables, deciding whether to sell, and planning the next steps can be overwhelming. Accurate valuations through appraisals are essential in estate management and tax preparation, ensuring that assets are fairly distributed and correctly valued for tax purposes.

Resale and Curiosity: Relying on online values or recent sales to determine your item's worth can be inaccurate due to overlooked critical details and market nuances. A professional appraisal offers a precise valuation based on the item's individual and unique characteristics, detailed research, and analysis, aiding in pricing, negotiations, and sales decisions, whether through auction, consignment, or direct sales.