Spending: Is your antique a gem or junk?

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Everyone dreams of finding a priceless antique in their attic. But how do you determine whether your treasure is a valuable heirloom or something better suited for donation to Goodwill? Look for unusual markings or details on the object, then search for more information online. Check auction results at eBay and specialty auction houses for actual sales, and look up the item at a website that offers guidance on prices for antiques, such as Kovels’ Antiques and Collectibles Price Guide 2011 (kovels.com).

If you think that your item is valuable, take it to an expert who can evaluate its condition and verify its authenticity. You can also seek out vendors at local flea markets and antiques shows who sell similar items, or find an established antiques shop with a good reputation. But never rely solely on an appraisal from someone who wants to buy your item — he or she could lowball the price to get you to sell the item for a song.

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