1861 Presentation Gold Letter Seal
GUEST: I picked it up at an auction. I collect Civil War stuff, and it was dated 1862. And I thought it was a beautiful piece of art.
APPRAISER: And so what is it?
GUEST: I believe it's a personal seal from a, a man in California.
APPRAISER: It did not start out life as a personal seal. It's a cane topper; it's presentational. And when it was presented, somebody chose to present it as a personal seal so it could be on their desk. It's gold-plated, also known as rolled gold. The piece is inscribed on various panels, and it's inscribed "G.M. Burke, County Recorder of San Francisco, by his friends." And then it has five initials, and then it's dated April 1861. And you can see that all around the exterior. The piece has the initials of the recipient on the underside. And we can see them right there. That's not the most interesting piece on this. What is the most interesting piece is the top of it.
GUEST: Okay.
APPRAISER: And do you know what's the top, in the top of it?
GUEST: Uh, it's got gold flakes, I can see that.
APPRAISER: Sure-- so it's actually gold quartz. It's a quartz which has gold flakes naturally set into it. Gold quartz was discovered in California in 1850, and it was very quickly employed into pieces such as this. We see a lot of cane toppers on ROADSHOW, and often, the individual that it's presented to is not really of any major historical significance. And that's sort of the case with this piece. But what is so unusual is the gold quartz. In 2019, an identical cane, or cane topper, came up with a different inscription, and it sold for $2,250.
GUEST: Wow, so...
APPRAISER: So if I were to see this come up for auction today, I'd say somewhere between about $2,000 and $3,000.
GUEST: Wow, well, thank you. Thank you, appreciate it.

$2,000 - $3,000 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.
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.


