QUESTION:
I have a sterling silver flatware service that I want to sell. I have an insurance appraisal from six years ago that says that it is worth three as much as anyone is offering me. What do I do?
ANSWER:
You have to ask yourself 'at what price am I willing to sell the service?'. The insurance value is for replacement of the flatware at full retail price in the event of a loss. The selling value is the price which someone would be willing to pay for the flatware.
