Tiffany & Co. Pocket Watch, ca. 1890
GUEST: I found it on an auction site. It's marked Tiffany and Co., and that it was made by Longines for Tiffany and Co. And I thought, "Let me grab that real quick," 'cause it was priced super-low. And I get the thing in the mail, and I, I see that it has someone's name written on it, Mary Corbit Warner's name. And she lived in Odessa.
APPRAISER: Where's Odessa?
GUEST: Uh, it's in Delaware. It's, uh, called, uh, the Sharp-Warner House, I believe, in Odessa?
APPRAISER: Okay.
GUEST: That she had given to the state of Odessa. When I was, uh, reading more and more about it, her family just became so interesting. I guess they'd hid a slave there from the Underground Railroad.
APPRAISER: I followed up on your story, and the Corbit House is a famous house. It's a museum now in Odessa, and it's actually a National Historic Site.
GUEST: Mm.
APPRAISER: The story about the Underground Railroad is also correct. So this is by Tiffany and Company. They've been around since 1835, very prominent designer company in New York. It's sterling silver with niello. And what they did was, they would engrave the silver out and put this material, niello, in there, and they'd bake it on there...
GUEST: Mm.
APPRAISER: ...to give it this beautiful look. So I opened it up and I saw the signature in there, the Mary Corbit Warner, and it's dated 1911. However, I do believe that the watch is from the late 1800s. So it also comes with this chain. It is original to the era. I don't n, necessarily know that it's Tiffany. There's no marks on that indicating that.
GUEST: Mm-hmm.
APPRAISER: It's gold-filled.
GUEST: Okay.
APPRAISER: Meaning it's covered in gold-- basically, gold-plated. Still in great condition, and it has this nice little opal set in the slider there. Can you tell me what you paid for it?
GUEST: $360.
APPRAISER: How much do you think it's worth?
GUEST: Oh, goodness. (chuckles) I would imagine maybe $600?
APPRAISER: I believe that, in a retail environment, it would sell for around $2,000.
GUEST: Yay! (laughs) I would hug you-- I, like, I don't know if... But yeah, I would, I would hug you.
APPRAISER: In a minute.
GUEST: In a minute, I'm gonna jump over the table and hug you. (chuckling) That's awesome.

$2,000 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.


