What to know about appraising
Every item has a RETAIL value, APPRAISAL value and a LOAN value.
The retail value is what the item sold for when it was new at the time of purchase.
The appraisal value is considered a "replacement" value written for your protection
in the event of loss or theft. Many people carry additional insurance coverage on
their valuables should they incur any losses through theft or loss (ask us about
Jewelers Mutual Insurance coverage for your valuables). An appraised value on your
personals can be misleading in determining its' loan assessment when selling or
borrowing against the item.
Our loans are based on disposal of your article often times to a wholesale market.
Interest and commission fees are also taken into consideration in determining its‘
value. Our staff is trained to evaluate each item: age, condition, weight of gold
and value of diamond(s).
Generally, you will receive more to sell an item than if pawned, keeping in mind
when you are pawning, you are still retaining ownership of the article.
Additionally, O'Neill's can provide you with the appraisal needed to protect your
valuables. We have a G.I.A. trained Diamond Grader on the premises with knowledge
of today's jewelry market and prices. Each customer is entitled to a free appraisal
on any jewelry item purchased at O'Neill's.
Types of Appraisals:
- Estate (on site or off)