Posted 08/12/2013 10:44 am
Ever watch the Antique Road Show on TV? If you did you would notice that every time they say for insurance purposes, use this. Then they give them a value mamy times the estimated value. The reason is if you insure anything for $100, the insurance company will probably give you $50. So by inflating something's value, you may get closer to what it would really cost to replace an item.
For such purposes, you could either use the Red Book and reduce the total about 20% or take all to a coin shop for an appraisal. For coin values I use a 2010 edition of the Red Book. Closer to reality.
Just remember for insurance purposes, you should hope to get enough to actually replace what has been lost.
For such purposes, you could either use the Red Book and reduce the total about 20% or take all to a coin shop for an appraisal. For coin values I use a 2010 edition of the Red Book. Closer to reality.
Just remember for insurance purposes, you should hope to get enough to actually replace what has been lost.
