Jules Jürgensen Pocket Watch & Chain, ca. 1885
GUEST: It came from my great-grandfather, who was a hotelier in Winnipeg, Manitoba, and he, uh, won it, allegedly, in a poker game. My dad was a banker in the '70s and '80s, and he used to wear it with a lot of pride. He would wear it with a three-piece vest. He liked the fact that it chimed.
APPRAISER: The watch is made by Jules Jürgensen. Phenomenal quality. Everything made by hand. This watch dates from about 1880 to 1885. Solid gold case, 18-karat gold. It's an 18-size case, which is a large size. Man-sized case for a pocket.
GUEST: Mm-hmm.
APPRAISER: But mostly it would be worn in a vest, as your dad did. As you said, it chimes. And this is what's called a repeater watch. It's a minute repeater that operates by the slide, a slide repeater, three-finger bridge. It's got two hammers that strike the gongs, and the hammers are beautifully jeweled, as is the movement. And we've also got a glass exhibition back. Jules Jürgensen was so proud of this watch...
GUEST: Mm-hmm.
APPRAISER: ...that they wanted you to open it. They wanted you to see this movement. The case, on both sides, the hunting case, not engraved. Typically, these would be engraved with the owner's name or initials.
GUEST: Right.
APPRAISER: This one is not. That's unusual.
GUEST: Mm-hmm.
APPRAISER: Adds to the value. The age of the chain is exactly the same as the watch. We found hallmarks. It's marked "15K"-- 15-karat solid gold. So, that's typical of chains made in England. I noticed the watch is fully wound and it's not running. In its current condition, the watch on its own has a value in today's retail market of $12,000.
GUEST: Wow, didn't see that coming.
APPRAISER: The chain, being 15-karat gold, is going to have a value, by itself, $2,000 to $3,000.
GUEST: Wow.
APPRAISER: To fix this watch...
GUEST: Mm-hmm.
APPRAISER: ...you would be looking at maybe $500 to $1,000. That is going to bring the value up. The watch and the chain, retail, $15,000 to $18,000.
GUEST: Wow. I could throw a heck of a watch party with that. That's pretty good. Wow, that's pretty, that's pretty impressive.

$14,000 - $15,000 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.


