Just Got My Toy Collection Apraised

Discussion in 'Transformers Toy Discussion' started by Dex17113, Jun 8, 2011.

  1. Dex17113

    Dex17113 Well-Known Member

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    So....

    For insurance purposes I jut had my collection apraised. As of today, I'm at a value of $11,000. The apraiser suggested I insure it with replacement costs figured in to the total of $20,000. For the record, my collection is only insured for half of that right now! I NEVER thought it had ballooned in value like that.

    .....gotta call my insurance folks tonight! :eek: 

    In any event, I'd just like to put it out there as a reminder to folks; always guard your collection with accurate apraisals and insurance!

    Dex
     
  2. Auto Morph

    Auto Morph Gimmick Bot

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    :useless 

    :p 
     
  3. Cax6ton

    Cax6ton Insufferable Smartass

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    Who does the appraisal?
     
  4. Tigertrack

    Tigertrack Back In The Game!

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    Where do you go to appraise a toy-collection?
     
  5. wolfe

    wolfe Well-Known Member

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    Im curious if you used a vintage appraiser, insurance appraiser, etc.
     
  6. Auto Morph

    Auto Morph Gimmick Bot

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    eBay.
     
  7. grimlock1972

    grimlock1972 "No Mas" My Wallet

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    anywhere but pawnstars :lol 
     
  8. mweeuser

    mweeuser Well-Known Member

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    I too would like to know what type of appraiser you used. I have considered this.
     
  9. metrotitan

    metrotitan Well-Known Member

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    Yeah, I've got to do this too. I just had no idea who to go to. Like the rest, I'm anxiously waiting to find out who you used......
     
  10. grandizerGo

    grandizerGo Predaking

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    you can add it as an addition to your home owner insurance my collection is valued at 150.000...less than 350.00 a year to insure it..
     
  11. doomboy536

    doomboy536 Universe Onslaught fanboy

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    Good god man, for reals? I might have to look into getting mine insured...
     
  12. x BlackMagnus x

    x BlackMagnus x Is not impressed

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    This.
     
  13. TheDemonDzko

    TheDemonDzko °-{[●□●]}-° {Beep. Boop.)

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    I to would like to break into your house for insurance purposes...
     
  14. Hyperoptic

    Hyperoptic G1-Junkie

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    Add me to the list of people that want to know who you used to appraise.

    Also, what was the charge?
     
  15. Dex17113

    Dex17113 Well-Known Member

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    LOL...okay...but I have a REALLY big dog who will eat you.
     
  16. x BlackMagnus x

    x BlackMagnus x Is not impressed

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    ...So of all the comments you reply to, that is the one you pick? How about addressing the rest of the (your) thread please.

    EDIT: Thank you. :) 
     
  17. Dex17113

    Dex17113 Well-Known Member

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    Here's the skinny on the situation.....

    My insurrance company (State Farm) only requires that I be able to prove I have the item (photo record) and prove the value by either appraisal or price guide or something like that. My insurance guy had a line on a local guy that works with his sister. She does most of the antiques and such, he's an expect in toys. I also used a website that calculates valuations and such. All I had to do was catalogue my collection.

    Much to my surprise, the website, appraiser, and my valuation from price guides and such was all within a couple of hundred dollars of each other. To be honest, since my insurance agent hooked me up I didn't pay but half attention to who the appraiser was. I recognized him from different toys shows I've been to and such. He REALLY knew his shit, I'll give him that. Especially considering my collection is so varried. I have everything from Star Wars to Transformers to Masters of the Universe to MASK...the list goes on and on.

    A few things didn't make the appraisal because I couldn't find valid prices anywhere and the appraiser was at a loss. Namely my collection of Lazer Tag stuff. There's a market for it, yes....but finding someone who knows what that market will permit for?...yeah...not so easy.

    It cost me $250 to have the collection appraised...but given the size of my collection I didn't think that was bad.

    So far as Pawn Stars goes.....

    Those guys really know what they are doing....but people have to remember they aren't a collectible shop. If you need quick cash or a loan against collateral...you go to them. You want the best price possible on a high-end collection of item...you go to an auction house.

    Dex
     
  18. Dex17113

    Dex17113 Well-Known Member

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    Hey...be patient...I was typing as fast as I could there!
     
  19. Dex17113

    Dex17113 Well-Known Member

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    No worries.
     
  20. unicron nemesis

    unicron nemesis Infinite Black Photog

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    I've been advised by a colleague of mine years ago to have my collection insured but it's kinda hard to find an appraiser where I'm staying. Not sure if there's even anyone qualified to do it. Back then the value of the collection was already about 60K and that was about 6 years ago. Since I've started working, I've lost track of the actual value of the collection as it ballooned. Now I just keep my fingers crossed and hope for the best. My home insurance covers a small bit of the collection but it's definitely only a small bit. What I find difficult it to find the time to catalogue everything.
     

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