GUEST: I brought in a partial Shakespeare first folio that I have had for about 15 years, and it's been in my family since my great-grandfather acquired it earlier in the 20th century, I believe. He collected a lot of interesting things from all over the world, so this is just one of his interesting things that he brought home with him.

APPRAISER: If you talked about an iconic book in the English language, the First Folio Shakespeare is one of them. Probably next to the Bible, Shakespeare's the most commonly printed book in the English language. Usually when you have a book and you say, "It's only 176 pages out of..." I think it was 400-something.

GUEST: 400-something.

APPRAISER: So it really is a partial book. But you open it up and there's no title page, we are missing pages, and usually you'd say, "Gee, this isn't going to be anything." This is the first part of Henry. Then we get to the next one.

GUEST: That's the third... Yeah, the third part of Henry VI.

APPRAISER: And then Hamlet. When you turn it back one page, you're just finishing up Macbeth. Now, this book was rebound. The rebinding is a very nice job, but it's not the original. They probably did it in the late 1800s, early 1900s. Two of the plays are complete. Those plays in and of themselves are valuable. You could take this book apart, sell the two individual plays that are complete. People will buy individual pages. Nice thing about this book, too, is when they bound it, they didn't trim any of the text or any of the borders. Now, you had an appraisal done earlier.

GUEST: There was an appraisal 20 years ago at $1,500.

APPRAISER: The individual plays that are complete have gone up tremendously. They're probably worth $10,000, $15,000 each.

GUEST: Wow.

APPRAISER: And then you have around 160, 170 individual pages. $100 a piece, that might be close to another $10,000, $15,000.

GUEST: Wow.

APPRAISER: Basically, this book, as it is, is probably, retail, a $40,000 to $50,000 book, which has gone up a lot since 1990.

GUEST: Yes, it has.

APPRAISER: I would advise insuring it if you're keeping it at home. It probably should be gone through page by page by page, double checking if this all came from one particular volume or maybe it possibly might have come from one or two. Sometimes, maybe a play was separate and they put it together. So all of that is part of the research. If this were to turn out to be a mixture of first and second editions, it's not going to make much difference. It might be $35,000 to $40,000 or $45,000. It's not going to make a big difference.

GUEST: Thank you very much.

APPRAISER: Thank you.