Do you have collectibles and/or antiques lying around in your house? Do you know how much they are worth? If not, you could be undervaluing them in the eyes of the market place!

What is considered “antique” in the first place?

If your collectible item is over 100 years old, then congratulations! According to the U.S. Customs Bureau, your precious item is an antique already.

What about things less old?

Being classified as an antique, of course give special added value to your things but remember that collectible items don’t have to be old as long as they are in demand by collectors. That’s simple demand and supply theory in Economics 101.

Although old can be gold, some humble looking, “younger” objects can be worth thousands of dollars, if in good condition. Although a professional appraiser should be called in to determine the correct, market value of your collectible, you can still find an estimate of an object’s worth with the right tools, DIY style.

Here are some easy steps to remember when giving an estimate to the value of your collectibles. Remember the acronym : ENUBSA

1. Examine the object for identifying marks. The experts at the Pratt Library has this to say: “Manufacturer’s stamps, dates, and artisan signatures can all make the process of appraising an antique or collectible much easier”.
2. Note any patterns, decorations, or particular styles. Such patterns be used to tell the era the piece was produced in. For example, china or silverware, the pattern is often the only way to identify it’s identity.
3. Use antique price guides to find a rough estimate. The experts of the Kovels’ Antiques and Collectibles Guide says: “These guides are updated each year, and reflect the actual auction prices of thousands of antiques and collectible items. Many of them also give quotes for collectible items that are not considered antique”
4. Bring the item to a professional antiques and collectibles appraiser. If you can, do it physically. But sometimes the item may be too large. In this case, take a variety of clear digital photos, especially of any maker’s marks or manufacturer’s stamps.
5. Search online auction websites and antique or collectible dealer’s websites. Once you’ve identified your item, research what price others are listing it for. The good people at My Granny’s Attic says “Searching through sold items and finished auctions can give you the most realistic estimate”.
6. Attend an appraisal event. This way you can save some cash since such appraisal events are less expensive than having your items privately appraised. Check with your local antique and collectible items dealers to find out whether they have any such events.

Source: How to Find the Value of Antiques & Collectibles | eHow.com

Remember the acronym ENUBSA : examine,note,use,bring,search,attend whenever you want to out a value on your precious collectibles. Old may be gold but young things still carry much value especially they are in high demand.

Happy collecting and please take some time to check out the resources in this blog. You may just find something you like

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