Marcus & Co. Boulder Opal Gold Ring, ca. 1900
GUEST: It originally belonged to my great-grandmother who lived in Lincoln, Nebraska. My aunt ended up with it, and she unfortunately passed away. So then my dad got it, and then he passed it on to me about a year and a half, two years ago, right before he passed away.
APPRAISER: Well, what we have in the center is an Australian opal.
GUEST: Oh.
APPRAISER: Technically, this is called a boulder opal, because you have the beautiful play of colors on the front side, and you see the brown matrix on
the backside of the opal.
GUEST: Okay.
APPRAISER: When we look at the sides of the ring, it's got a lovely palmette on either shoulder, and that would be a motif taken from Egyptian art.
GUEST: Oh, my gosh.
APPRAISER: So we start with the top, and we look at this as a beautiful piece of art. It's an art jewel.
GUEST; Oh, my goodness.
APPRAISER: We know that the ring was made to frame the stone in particular. And when we take this ring and we look at it on the shoulder, specifically, there are extra leaf motifs...
GUEST: Oh gosh.
APPRAISER: ...on the undercarriage of the ring.
GUEST: I did notice it said Marcus and Company inside.
APPRAISER: Marcus and Company was an American manufacturer based in New York City. They were open between 1892 and 1962. So they were known for making very fine pieces. They were specialists in enamel work, which is on full display in this lovely ring.
GUEST: Okay.
APPRAISER: The metal is actually stamped 14-karat gold, and that is normal for U.S.-made pieces. I think based on the motifs and the materials that
we're working with, it's safe to say that this ring would be an art nouveau item...
GUEST: Oh, okay.
APPRAISER: ...that would roughly date to 1900.
GUEST:Okay. Oh... Oh, gosh. Okay. It's, it's fantastic.
APPRAISER: So you have a lot in your favor. A beautiful ring, a piece of artwork that's wearable, fantastic name, desirable period in time.
GUEST: Thank you.
APPRAISER: At auction, you could anticipate an estimate of $8,000 to $10,000.
GUEST: (chuckling): Oh, my gosh! Really? Oh, my goodness. Okay.
APPRAISER: It's a fabulous jewel. This is a one-of-a-kind piece.
GUEST: Oh, my goodness. Oh, my gosh. (chuckling): I'm just kind of speechless right now.
APPRAISER: If this were to be appraised for insurance purposes, you would probably be looking anywhere $25,000 to $30,000.
GUEST: (chuckling): Oh, no! Really?
APPRAISER: Yes.
GUEST: Okay, I need to put it someplace other than my drawer.

$8,000 Auction
$30,000 Insurance
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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.


