Quote:
Originally Posted by OrangeBlossomBaby
My engagement ring and my mother's engagement ring have both increased in value. Mom's increased significantly. Mom's cost dad around $800 (eight hundred), in the 1950's. I just inherited it and had to have it appraised for the insurer. It's now valued at $12,500 (twelve thousand five hundred).
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Comparing an insurance appraisal to resale value is apples and oranges. Some "appraisers" will guarantee to appraise for at least double the actual value. Resale value is what a buyer will actually pay. Also, a dollar in the 1950's has inflated to 12 dollars today.