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how to find out what something is worth

Updated on November 29, 2011
Determining the worth of an item can be a lot of work.
Determining the worth of an item can be a lot of work. | Source

The purpose of this article is to teach the reader how to determine the value of anything.

I am a retired auctioneer and have been bartering for years,I grew up in my mothers antique store and have always had a knack for buying things to resell but to do this successfully you have to have the ability to find out how much something is worth.

Use the internet to find out about anything

Lets say for example you have a old typewriter and you need to find out what it is worth.

Google it: put in the name and model number of the typewriter into google search engine and see what comes up, many times you will see one just like the one you have that has sold recently on Ebay.. so that will give you an idea of what it is worth.

Ebay it: put in the name and model number of the typewriter into Ebay's search and see if they have one for sale.. if not sign into Ebay and search under the completed listings and see if one has sold in the last year...if so there you go again you have an idea of what the item is worth.

The law of supply and demand

Always keep in mind the law of supply and demand - if there are millions of the item that you have then it isn't going to be worth a lot of money simply because it is easy to find.

Condition is everything to collectors

If you have a collectable item like a baseball card or a silver coin for example,the condition of the item will be extremly important to the value of it.

Collectors want a high grade item, baseball cards and coins are graded now and the higher the grade the more money.

To find the price of a baseball card go to www.beckett.com and look it up for free.

To find the price of a coin go to http://www.pcgs.com/prices/ and look it up for free.

Keep current books for collectables and antiques

You need reference books to help you while you are learning the prices of collectables and antiques..these books are really inexpensive and are well worth the money they cost to teach you how to spot antiques and collectables, use my link from amazon below for some great reference books.

To get the most money for anything cut out the middleman

Lets say you find a nice set of R.S.Prussia porcelain and you want to get the maximum amount of money for it,use craisgslist or Ebays free classified ads to find a buyer, if you cut out the middleman you will make the maximum money on anything, remember it is always better to deal with the buyer yourself so you can develop a relationship with them and you can sell them similar items again in the future.

Anythings true worth is what you can get someone to pay you for it

There isn't anything wrong with naming a price and someone agreeing to pay it for a rare item.

I have sold items for double their worth to people who would've paid double that to get it, it is better to make a modest profit and keep a loyal customer than to try to get the absolute maximum everytime.

If you have an item so rare you can't find anything anywhere

Hire an appraiser

They are worth their money because they can give you a written appraisal as to the worth of your item, I do think it will be rare when you cannot simply call a local antique dealer or shop owner and not get a free appraisal just by asking.

I look forward to reading your comments - Happy Holidays & happy hunting


Comments

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  • nancynurse profile image

    Nancy McClintock 

    5 years ago from Southeast USA

    Thanks Good advice

  • drbj profile image

    drbj and sherry 

    6 years ago from south Florida

    Very useful information, manthy. Thank you for sharing those sites.

  • VAMPGYRL420 profile image

    Windy Grace Mason 

    6 years ago from The Eastern Shore of Virginia, Maryland and Delaware, U.S.A.

    Thanks for the useful information :) Voted up, Useful and Interesting. Keep up the wonderful work, manthy. You're amazing!

    Love & Light,

    Windy Grace

  • rlaha profile image

    rlaha 

    6 years ago from Spartanburg, SC

    Thank you for this information!

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