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Index » Home Family & Garden » Interior Decoration
 

Trash or Treasure: Assessing Your Possessions

 

One personal junk is another personal treasure. Never is that more true than when you are doing a spring clean up.

The good weather held out for Fred Dowlings 25th anniversary junk day and treasure exchange. Each year for the past 25 years, co-op residents have gathered in the spirit of reducing, reusing, recycling of their possessions. Residents trade and dispose of unwanted items; its a win-win situation, all around. This year an Antiques Road Show was added to the day. I was on-hand as residents brought their prized possessions and family heirlooms to be appraised.

Some of the riches unearthed include: a 1953 Coronation toy carriage at $350; a Queen Victoria Jubilee milk pitcher at $175;a pearl brooch for $250; an antique desk for $275. The piece de resistance was a silver and diamond necklace valued at $750.

Here are some things to keep in mind when assessing the value of your items.

Condition

Chips, cracks and breaks on crystal, glass, porcelain and ceramics reduces the value of anything to a very minimal amount. Despite that fact, any item can have sentimental value even those with damage can have value to you.

Spotting Damage

Sometimes you cant tell if a piece of porcelain is cracked. Use the ping test flicking youre your thumb and finger again the porcelain. If it gives a ping sound, there are no cracks. If it gives a thud sound, it is damaged. The same test applies to crystal.

Value

Appraised value, retail value and your selling value are all different amounts.

The appraised value, sometimes called the insurance value is the amount that you would insure an item for. It is based on the amount you would have to pay to replace the item if it made an insurance claim.

The retail value is the amount that a store would sell it for. Your selling price is the amount that you would get if you sold it.

Your selling price will always be less than the retail value because most likely, you would sell your item to a dealer who in turn marks up the price.

Author: Martin Swinton
 
Author Bio:

Martin Swinton

A lifelong lover of all things old, Martin was born in Toronto, Canada and spent time in Malaysia as a child.

Martin learned to restore furniture when he was a teenager and has worked at an auction house. He owns Take-A-Boo Emporium, an antique shop located at 1927 Avenue Road, Toronto, Canada.

His television appearances include Canadian Living Television, Breakfast Television, Daytime and Toronto Living.

Martin teaches courses on antiques and he writes a regular column "Let's Talk Antiques" for the Town Crier newspaper and "Antiques 101" for the Home Advisor. He also does appraisals for estates and community events.

When Martin is not appearing on television or teaching, he can be found in his shop restoring well-worn furniture, gluing vintage tables or re-caning and rushing chairs. On warm summer days, he has been seen multi-tasking out front of the shop when he chats up the locals and works on his tan.

Martin recalls that he has always been interested in things from the past, so it is not surprising that he graduated from the University of Toronto with a degree in Archaeology. He holds a high school equivalency diploma from the Ontario Ministry of Education. Martin completed his grade 2 course of studies at Cedarvale Public School before being home school through to high school. At the age of 7 Martin was diagnosed with a bad case of dyslexia, which explains a lot of the problems that he had in Mrs. Mansica's grade 2 reading circle.

His personal areas of interest are Asian art, European furniture and the Arts & Crafts movement. Martin is a member of the Monarchist League of Canada. He lives in Toronto with his wife Andrea and Kurt, his basketball mad 14-year old son.

 
 
 

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