1771 Pennsylvania Fraktur
GUEST: I got it from my aunt who lived in Philadelphia, and she picked it up there somewhere.
APPRAISER: How long ago?
GUEST: Oh, could have been 40 years ago, because she had it a long time before I got it.
APPRAISER: So, do you know what it is?
GUEST: It's a Pennsylvania German fraktur.
APPRAISER: Fraktur, or Taufscheine, they called them, also.
GUEST: Yes.
APPRAISER: And what's unusual about this, and why I was so excited, is that it's hand-drawn. Many of them are printed.
GUEST: Mm-hmm, mm-hmm.
APPRAISER: And some of them are kind of common. But this, with the distelfink and the early, early date is really very, very rare. When you first look at it, it's so bright, you think it can't be old. But it's got some damage. And when you look at it under light...
GUEST: Oops.
APPRAISER: ...you know that it is definitely very early, early date. Now, whoever conserved this did a wonderful job, because part of our job is to preserve it for the next hundred years. Well, conservatively, we've estimated it between $4,000 and $6,000. If this damage wasn't here-- and you might be able to get some of this taken care of-- it would probably be in the $10,000 range.
GUEST: Oh, thank you.
APPRAISER: Are you surprised? (laughing)
GUEST: Oh, thank you, thank you,
APPRAISER: of course.
GUEST: Thank you loads!

$4,000 - $4,500 Auction
$4,000 - $6,000 Auction
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Understanding Our Appraisals
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.
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