Louis zur Megede Silver Mint Julep Cups
I picked these up at a local Goodwill.
They were both made by the same maker. I'm going to turn this one over, and we can see the mark. And it says clearly, "L. Megede," then underneath that it says, "Coin," telling you that it's made of coin silver. And Louis zur Megede was German, he was born in Prussia, 1821. And he was trained as a jeweler and a silversmith. In the late 1840s he moved to Missouri. Okay. And he made a number of things. Mint julep cups, which these are, are something that would have been popular. This one's engraved, mentioning Lafayette. That's Lafayette County, where he operated from at the time. People do like mint julep cups, especially when they're as old as these are. They're also made in the Southern states, and this is a relatively rare manufacturer. If you put them in auction, each one would likely bring at least $500.
Oh, wow, that's amazing.
Maybe as much as $600 or $700.
I paid, I think, $1.99 each. (chuckles)
Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.
Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."
Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.
Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.
Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.
Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.
Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.