Appraising what’s valuable

My wife and I went to a local jewelry store with a small bag of items we wanted appraised—a locket watch, a few rings, a necklace or two, and a small garment clasp some friends had given us for one of our very young children. The jeweler returned from the back of the store with news that surprised us. The garment clasp was much more valuable than we had realized because it was 14-karat gold and in very good condition.

This is not an uncommon occurrence. People often discover that something they bought years ago with a few dollars, and may have since stored away, turns out to be surprisingly valuable.

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