February 05, 2020 - Antiques, Art and Collectibles
Handcrafted pieces from the 1900’s and earlier are typically made from heavy oak, crystal, or gold. Having an item made from these mediums alone makes the antique worth selling! Along with the material, there are 5 factors that can determine whether your antiques retain value and can be sold at a pawnshop for an impressive amount of money.
Of course, antiques can make a home feel more cozy and warm while also doubling the item’s utility as an investment. Many are unsure of how to go about selling their antiques. The historical presence, niche market, and unknowns make it hard to gain expertise. Instead of visiting an antique fair, it’s recommended you use PawnGuru to identify your antiques’ value!
Asking yourself the following questions will help you gain some preliminary insight into how much your antique is worth. Keep reading to know the 5 Indicators your antique is worth selling!
Rarity is one of the tougher details to identify in an antique. Not all antiques are as determinable as Tiffany Lamps, denoted for their unique characteristics, that make these lamps easy to identify. If the company or artist who made the item left an inscription, this can be an identifying clue. Even if your antique has no signatures or inscriptions this isn’t necessarily a bad thing. This could be a strong indicator that the piece could be unique. Many antiques fashioned hundreds of years ago were one-of-a-kind or very little of the items were ever made. Low reproduction rates increase an item’s rarity. These variables push the value of your antique up in the minds of pawn dealers!
Some antiques have esoteric subject matter, bizarre composition techniques, and unusual patterns. If your antique captures the eye with an alluring sense of craftsmanship, this also boosts an item’s value. Antiques are regarded as art forms and can be appraised using the same methods. Another way to gauge aesthetic value is observing the harmonizing aspects. Antiques with all their original pieces, perfect symmetry, and focal points are regarded with more value.
Judging a pieces’ desirability is actually not as hard as you might think. Just as with any other commodity, a glimpse into the market demand for this item can give you the needed insight into knowing whether this item can be sold for good money. Vogue items like Old Chinese Export Jewelry, Fine Porcelain Limoges, and Sterling Silver Pedantry all have intrinsic worth. Antique furniture like armoires, Oriental & Persian Rugs, and Golden Jewelry Boxes share these high price points.
With chemical treatments and another contemporary refurbishing, one can make a modern item look antique. Distinguishing between the two is part of the mysticism of antiquing. Discernment of the two also presents a huge difference in the item’s value. Modern items are, of course, not antiques and have an unambiguous retail value. Three factors are used to determine authenticity: time-period (typically the older, the better), verification of the artist or company that made the piece, and the material of the item. A culmination of these three factors is what makes antiques like The Badminton Cabinet sell for $36.7 million!
Appraising an item’s condition is similar to judging a car’s condition. Mint, Excellent, Good, and Fair condition are the general terms used to qualify an antique’s worth. Mint condition means the antique has all its original parts, has no visual damage, and has its original finish. Of course, mint condition is extremely rare with antiques because many of these pieces are hundreds of years old. Most antique dealers do not count refurbished pieces still qualifying as mint. Coin & pendant collectors will polish these items, but no chemical treatments, new finishes, or replacement pieces can be added for an antique to be considered mint. The more flaws an antique endures, the lower its condition and conversely its value.
Once you’ve done some tentative research on your antique you’re ready to get an appraisal. You now have a rough estimate of the potential value to sell antiques with a fair price point. The next step is for some comparison shopping. Then, you’ll be ready to sell antiques!
You can create a free listing on PawnGuru that will broadcast your item’s description to an affiliate network of trusted pawnshops. From here, pawn dealers will email you their offers and you then you can have an in-person appraisal conducted. This saves you time by weeding out the offers so you can get to the top buyers fast! You also won’t have to waste time driving all over town to have an evaluation conducted at every single shop.
David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.More Articles