Individuals with significant collections should have them appraised because….
Large collections tend to have high value and should be insured against loss, and
An appraisal can help in making a decision on to how to manage the collection now or in the future. That may mean sale, donation, family distribution, or some other option.
Appraisal can help solve issues of probate for survivors who may not know what to do with your stuff. It provides peace of mind and security that your collection will be handled properly according to your wishes.
Appraisal of a large and significant collection can be an aid to securing a loan or other financial support based on the appraised value. A USPAP-compliant appraisal is a legal document and can enable the use of your collection as collateral for many purposes.