Elgin Pocket Watch & Double Chain, ca. 1923
GUEST: This watch, uh, was bought for my great-great-grandmother by my great-great-grandfather about 100 years ago. And I've had it for about 30 years, I guess. They lived in a small town that's now a ghost town called Cumberland, Wyoming. He was a coal miner.
APPRAISER: Oh.
GUEST: Yeah.
APPRAISER: Maybe he struck gold. (chuckles)
GUEST: Well, we-- we're wondering about that as well. (chuckles)
APPRAISER: The watch and the chain literally are as new. Rarely do we see a sales receipt from 1924, and this sales receipt is incredibly complete. It shows the serial number of the movement and the model number on the case. So what you have is you have a 14-karat gold scalloped edged multicolored diamond Elgin pocket watch. The serial number dates it to 1923; it was purchased in '24, so that coincides. The watch has no mileage on it. It was-- it was like no one ever wore the watch. It, it still has original surfaces. It doesn't look like it's ever been cleaned, polished, it looks perfect. So this is a double chain, and then that's a slide, and there's usually cork inside that holds the slide, and the cork is still completely intact.
GUEST: Oh.
APPRAISER: So a woman could have worn it long, or she could have done like this, where the watch... would then be hanging here. So, the case, these are all different colors of gold with a diamond set in the center, and then this is called a scalloped case, so the edges of the case have a scalloped edge. And the back is unengraved, so he never put an initial on it, and the watch is absolutely perfect. It's made by Elgin. It's a 15-jewel movement, which is a good movement. Not a railroad grade movement, but a very nice movement. So, in the market today, pocket watches are not as popular as they had been. But this is just an absolute work of art. And it's brand-new from 100 years ago, literally 100 years as of a month ago. The value today in the retail marketplace for the two pieces combined would be about $4,500.
GUEST: Wow. (both laugh) Wow!
APPRAISER: The-the chain, because of the weight of the chain and the fact that it's handmade, would appeal to lots of people that would have their own watches. So the chain is probably worth about $3,000, and the watch itself is about $1,500.
GUEST: Okay.
APPRAISER: So that's how you would combine to get $4,500.
GUEST: Thank you.
APPRAISER: Have you ever worn it?
GUEST: I have not. (laughs)
APPRAISER: (laughing) It doesn't appear anyone ever wore it. That's the good thing, I guess.
GUEST: Oh, yeah.

$4,500 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.


