Black, Starr & Frost Pearl Necklace, ca. 1900
GUEST: Well, I used to sing with a barbershop group, and the church in the town asked us to sing for them, and afterwards they had a great big rummage sale.
APPRAISER: How much did you pay at the rummage...?
GUEST: 50 cents.
APPRAISER: 0 cents at the rummage sale?
GUEST: Yeah. I've had it for 30- something-odd years. It was that long ago. Oh, 50 cents 30-something years ago.
APPRAISER: Uh-huh. Okay. This is an antique piece. And it's real jewelry. It's not costume jewelry. So we're already out of the 50 cents.
GUEST: Okay.
APPRAISER: These are natural freshwater pearls, not cultured pearls, and they come out of American rivers. They call them Mississippi River pearls.
GUEST: Oh.
APPRAISER: But these are pearls that are made in oysters naturally, not cultivated in a pearl farm.
GUEST: Mm-hmm.
APPRAISER: And it has diamonds, old rose-cut diamonds, because it's a very old piece, and that's what they used in the old pieces. And one thing we noticed, there's a mark on the other side, and it's engraved into the back where the gold is, here. And there are three letters, B. S. and F., and that stands for Black, Starr and Frost. Black, Starr and Frost were a very famous American jewelry firm on a par with Tiffany and other American makers.
GUEST: Oh.
APPRAISER: These pearls are quite rare, and a large pearl like this, let alone two of them, on an authentic, signed piece of antique American jewelry is quite valuable. The value of this piece in today's market is between $3,000 and $4,000.
GUEST: Wow. (chuckles)

$4,500 - $5,000 Retail
$3,000 - $4,000 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.


