1929 Gibson RB-Granada Banjo
GUEST: I studied banjo all through high school. When I got out of high school, I ran away to be a musician, and I came across this banjo in about... ooh, 1979, 1980. I just loved the sound of this banjo. The neck, I wasn't so sure about. I'm still not so sure about, as far as being original. But I just loved the sound, and I played it hard for a good ten or 12, 13 years at bluegrass festivals, clubs. And unfortunately, I cannot even remember how much I paid for it. Maybe $3,000. Might have been as much as $5,000.
APPRAISER: This is a 1929 Gibson Mastertone banjo. We took the back off, we looked at the serial number. Firmly 1929. It has gold hardware. It has a beautiful flame maple back. It's so well-played. It's got the patina of an instrument that has been loved and well-used, which I love to see. I'm so glad that you didn't polish off any of that.
GUEST: (laughs)
APPRAISER: Originally, this would have come with an arched tone ring, but it's been replaced on this for the much preferred flat top. Now, when you brought up the neck, you are correct that this banjo has been re-necked at some point. This model would have originally come with a rosewood fretboard, but we can clearly see that this is ebony. We can also see that the mother-of-pearl inlays have been harvested from that original fretboard and then kind of crudely put back in this one. If you get up close, you can see a lot of, uh squeeze-out from the glue, wide channels. Now, in its current condition, with a replaced neck, likely happened sometime in the 1970s.
GUEST: Mm.
APPRAISER: This banjo, in a retail setting, is worth about $5,000 to $6,000.
GUEST: Woo-hoo! (laughs) Yippee! (laughs) Worth the world to me. It's like my old buddy.

$5,000 - $6,000 Retail
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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.


