Favre-Leuba Gold Coin Watch, ca. 1930
Don, where did you get this now?
It was given to me out of my uncle's estate, and many years ago, he bought that for my aunt as a gift.
It's great, and when people look at this, what you see right away is you see a Saint-Gaudens $20 gold piece with the eagle on it-- one of the most beautiful U.S. coins ever made. And on the front, you see Walking Liberty, and most people will leave it at that and say "gold coin." However, you know the little secret that it opens up, and inside is a little watch. Now, these watches were made by a few companies. This one is made by a company called Favre-Leuba. They're in Switzerland. They were one of the finest watchmakers for making wristwatches and watches like this. And what's interesting about these watches, you had to ruin two coins to make one piece because of the milling to make the door and the bottom plate. You have an idea what you think it may be worth?
Have no idea.
Never thought about it?
Well, as a coin, it's worth maybe $400, $500, and remember, they ruined the coin. But as a watch, about $5,000.
Oh, my goodness!
Yeah, and I think that's a very fair market value.
Oh, my! Had no idea.
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.
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