Every week I get telephone calls from people wondering if
their memorabilia has any value. And
while I usually answer “yes,” my answer seldom equates to the cash reward the
caller is hoping for. See…objects and
memorabilia have three types of value; historical, financial and
sentimental. Every item has some, but
the latter most often tips the scales.
I usually start by asking some questions. “Is the item from a memorable moment in
time? Was it used by a legend in the
sporting world? Does it have a specific
story to tell?” These questions help
determine if the item has historical value.
Is it something a museum would want to exhibit?
The process gets difficult because historical value often
leads to financial value. But not all
items with financial value have historical value. It is complicated. A signed Babe Ruth baseball may be worth
thousands of dollars but have no historical significance other than being
signed by the Bambino. Now the dilemma
of what to do with the item starts to take form. Should it be preserved in a museum or sold
for a financial sum?
The process gets even more complicated when the item has
been passed down from generation to generation.
Now emotion has entered the picture.
That same Babe Ruth baseball may have financial value for being
autographed and sentimental value if the autograph was obtained by Grandpa when
he was a kid. Sentimental value is important.
It is the reason why we have boxes of mementos and memorabilia in our
attics in the first place.
Ultimately, determining value is very difficult. Not everything in those attic boxes is going
to sell at auction for a handsome sum.
Your father’s knitted Baltimore Colts hat has very little historical or
financial value. It is definitely not
going to be that golden ticket. But its
value lies in the story it tells about the person who cherished it.…and in the
end that story lasts longer than any reward from a quick sale.