An estimate to replace, or replacement cost estimate, is probably the most common form of appraisal, though it is not as thoroughly researched or objective as a fair market value appraisal or an insurance appraisal. This appraisal accompanies an item of jewelry when it is purchased and is usually prepared by the jeweler […]
Insurance Appraisals These documents are used by insurance companies to determine the cost to replace a piece of jewelry or to compensate the owner in the case of loss, theft, or damage, according to the owner’s insurance plan. This type of appraisal usually considers the cost of replacing the jewelry if it was crafted […]
What is an Appraisal? Simply put, an appraisal is an assessment of value. When it comes to jewelry, an appraisal can take many forms, which I will describe in this blog and others to follow.
New York City has many public services to help small businesses and aspiring entrepreneurs with everything from guidance to growth. Unfortunately, many of these public programs are rarely advertised. As a result, entrepreneurs don’t take advantage of these services. Provident Loan Society of New York recently went through the different services available through New York […]
How to start your Jewelry hunt Your first step into the world of vintage and antique jewelry should be to look around! The Internet is an obvious place to start, but I also recommend a trip to your local library, bookstore, or Amazon. Warman’s Guides and Answers to Questions about Old Jewelry are terrific resources […]
Many banks aren’t lending money to smaller businesses like they used to do. As a result, many entrepreneurs and small business owners are turning to alternative lending options, such as microloans and collateral loans. What are Collateral Loans? Collateral loans require borrowers to provide property or other assets – like gold, jewelry or silverware – […]
Pawnshops are becoming a popular source of quick cash for Millennials who don’t have access to credit or access to a bank account. A recent study by PricewaterhouseCoopers—an audit and taxing consulting company—revealed 42 percent of Millennials are turning to alternative financial services as a source for short-term loans. The most popular lender for Millennials […]
The rising price of gold is making a lot of headlines in 2016 as investors flock to more safe havens. On February 9th of this year, investors poured the most amount of money ever into gold bullion securities, according to an article in the U.K.’s Telegraph. Whenever gold panics start, you can be sure scam […]
Whether it’s done by hand, machine, or the latest technology.. I remember watching the TV show Laverne & Shirley, and couldn’t help but notice the big “L” that Laverne wore on every shirt and sweater. If she were better off financially, would her jewelry have been emblazoned with the name “Laverne” or at least an engraved […]
While the laws may vary from state-to-state, it’s easy to understand why pawnshops across the country are prohibited by law from accepting any stolen items for a collateral loan. The hard part is figuring out if a pawned item is in fact stolen.