• Connect with us
  •  
  •  
  •  
  •  
  •  
  • Our Sponsors

Discovering America’s Hidden Treasures ™
On Tour
Watch
Special Features
Appraisals Archive 
Appraisers 
 Shop
    Quick links
  • Complete Ticket Rules
  • How the Event Works
  • 2020 Tour FAQ
  • Williamsburg, VA — Canceled
  • Nashville, TN — Canceled
  • Boston, MA — Canceled
  • Estes Park, CO — Canceled
  • Santa Fe, NM — Canceled
Latest: 2020 Tour Update

Latest: 2020 Tour Update

Tour FAQs

Tour FAQs

Things We Commonly See at ROADSHOW

Things We Commonly See at ROADSHOW

    Quick links
  • Watch Episodes Online
  • TV Schedule
  • Best Moments of Season 24
  • Best Moments of Season 23
  • Best Moments of Season 22
  • Cities from Past Seasons
  • About Executive Producer Marsha Bemko
  • Roadshow's Editorial Policy
Watch | Vintage Baltimore 2021, Hour 2

Watch | Vintage Baltimore 2021, Hour 2

Watch | Vintage Baltimore 2021, Hour 1

Watch | Vintage Baltimore 2021, Hour 1

Watch | American Stories

Watch | American Stories

    Quick links
  • Find Features by City
  • Video "RoadShorts"
  • Roadshow Topics — Endangered Species
  • Roadshow Topics — Sports Appraisals
  • Roadshow Topics — Best Moments
  • Roadshow Topics — Staff Picks
  • For Teachers
  • Vintage Minute
  • AR "Extras" Newsletter Sign-up
Related | See Another Mudd Prison-Made Piece

Related | See Another Mudd Prison-Made Piece

Related | George Washington's Inaugural Ball Silk Sash, ca. 1789

Related | George Washington's Inaugural Ball Silk Sash, ca. 1789

Article | A Man and His Mural

Article | A Man and His Mural

  •  
  •  
  •  
  •  
  •  

1939 USS Squalus Rescue Group

Value (2014) | $6,000 Retail – $7,000 Retail
Watch  

GUEST:
Back in the 1930s, my father and his two brothers joined the Navy. My Uncle Frank was an avid swimmer, and he became a deep sea diver. In that process, his diving team, which I understand was an experimental team at the time, were called on to rescue the Squalus, which was a Navy submarine that sunk off the East Coast. And I brought some of the carvings that he did while he was on board the ship, and for his effort with the Squalus, he and his team each received the Navy Cross.

APPRAISER:
It's a wonderful grouping of artifacts from one of the seminal moments in the history of the development of submarine warfare. The Squalus disaster was unfortunately the biggest accident to happen in the U.S. Navy prior to World War II. The U.S.S. Squalus suffered a catastrophic failure on her shakedown cruise. Of course, the idea of the shakedown cruise is to make sure that everything's operational, and in one of her first test dives, they thought that they had all of the openings of the boat closed. They did not. There was a fault in the main induction valve, and water came pouring in. Instead of a controlled descent, it was an uncontrolled descent with the boat filling with water. The main goal of any submariners is to have as many surface operations as you do dives. You want that number to come out equal in the end. For a while there, it was looking like the Squalus was going to have a bigger number of dives than surfaces. If not for Swede Momsen, who was the leader of that unit, a very forward thinking officer, those 33 individuals that were rescued from the Squalus would not have had a chance. And there were two separate operations. There was a rescue operation that they led immediately after the sinking to get the guys out, and then there was a salvage operation after that to raise the Squalus. Do you know when he carved the diving suit?

GUEST:
Because he was on the ship so much, he had a lot of spare time, and so he began carving. This was one of the pieces that I received because he was a deep sea diver, and it's something that I've had a particular attachment to throughout my life.

APPRAISER:
It makes an excellent accent piece to the group. One of the things that helps to document the group is his Navy Good Conduct medal, which is engraved with his name and the date. But of course, the key piece to the grouping is the Navy Cross. The Navy Cross is the second highest award in the United States Navy, second only to the Medal of Honor. It is unlike its Army counterpart, the Distinguished Service Cross, in that it's typically not engraved, but in this case, where we have a chain of custody and provenance, we know exactly who earned the Navy Cross and why. And in the rescue action of the Squalus, there were four Medals of Honor that were awarded for that action, and also 46 Navy Crosses. Being a salvage diver is an incredibly dangerous occupation, and what those guys did in order to rescue the crew and even the subsequent salvage was all extremely hazardous duty.

GUEST:
I understood that after they rescued the Squalus, after they salvaged it, they did refit it and put it back to sea.

APPRAISER:
As the Sailfish.

GUEST:
As the Sailfish. Ok.

APPRAISER:
It became the U.S.S. Sailfish. Interesting twist of history, part of the group assisting with the rescue of the Squalus was from the U.S.S. Sculpin. The Sculpin was sunk in the Pacific in World War II. Some of the survivors were captured by the Japanese, and they were on board one of the hell ships on the way to work camp when it was torpedoed by the U.S.S. Sailfish.

GUEST:
Oh, really? Oh, my.

APPRAISER:
And they were sadly sent to the bottom by the very boat that they had helped to rescue just a few years earlier. One of those ironic twists of World War II. A Navy Cross on its own in 2014, a retail price for one would be around $500 or $600 for a World War II Navy Cross. That's really not what serious advanced collectors are pursuing. They're pursuing groupings where you have an interesting story involved, and there are few more interesting stories in the history of the United States Navy than that very unfortunate shakedown cruise of the Squalus. You have a photo album of the salvage operation. We have a picture of the individual who earned the award, and then the citation from President Roosevelt. As a complete group, a retail price today would be between $6,000 and $7,000.

GUEST:
Wow. Much more than I anticipated.

Support provided by: Learn more

Appraisal Details

Appraiser
Jeff Shrader
Arms & Militaria
Advance Guard Militaria
Burfordville, MO
Appraised value (2014)
$6,000 Retail – $7,000 Retail
Featured In
Bismarck, Hour 1 (#1907)
Event
Bismarck, ND (May 31, 2014)
Category
Arms & Militaria
Period
20th Century
Form
Carving , Document , Medal , Photograph
Material
Cloth , Metal , Paper , Wood
February 16, 2015: Two corrections: Appraiser Jeff Shrader misspoke during this segment when he said the Squalus accident occurred during the submarine’s “shakedown cruise”; in fact she sank during the final dive of her sea trials, before undertaking her shakedown cruise. As Shrader later explained, these terms are often used interchangeably, but they are technically different: “Sea trials are short trips meant to work on or test various specific functions of the vessel; the shakedown cruise is a longer trip, meant to simulate all the aspects of normal service. Squalus sank during a test dive, conducted during the last of her sea trials, prior to her shakedown cruise.” Shrader also clarified that he should have said the Squalus disaster was one of the biggest accidents to befall the U.S. Navy prior to World War II, as sadly there had been other early-20th-century accidents resulting in similar or even greater loss of life and naval assets.

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.

More on This Appraisal

Article
Saving the Squalus
More from PBS

Broadway's Best on PBS

Fiddler: Miracle of Miracles; One Man, Two Guvnors; Irving Berlin's Holiday Inn, and Lea Salonga in Concert.

Craft in America: Democracy

Explore how craft is intertwined with our nation's defining principles.

Keith Haring: Street Art Boy

Learn 3 ways that Haring shows the world that art is for everyone.

"I know there's a lot of envious people hearing that story..." Antiques Roadshow on Facebook

What’s inside the case?

@RoadshowPBS on Instagram

William Austin Burt patented the U.S.'s first "typographer” on July 23 in 1829. 110 year later came this "The Gold Royal" typewriter… @RoadshowPBS

We're soaking up the story behind this @LeslieKeno appraisal! #antiquesroadshow @RoadshowPBS

  • Connect with us
  •  
  •  
  •  
  •  
  •  
  • ABOUT ROADSHOW
  • Schedule
  • Contact Us
  • Credits
  • Press
  • For Teachers
  • Telephone Scam Warning
  • Roadshow Imitators Warning
  • Doing Business with Appraisers
  • Our Sponsors
  • Our Funders
  • Corporate Sponsorship

Funding for ANTIQUES ROADSHOW is provided by Ancestry and Consumer Cellular. Additional funding is provided by public television viewers.

Produced By

ANTIQUES ROADSHOW is a trademark of the BBC and is produced for PBS by GBH under license from BBC, Worldwide. PBS is a 501(c)(3) not-for-profit organization. ©1997 – 2021 WGBH Educational Foundation.

  • Terms of Use
  • Privacy Policy
  • Editorial Policy
  • Copyright
Subscribe Hide  ×

A weekly collection of previews, videos, articles, interviews, and more!