It's something that's been in our house since I was a child. Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item.
As a rule, however, retail and insurance/replacement values are about the same.
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The neck is also wider like on a Martin but has more of a medium C shape which I like.
The Three had these snowflake inlays, it had multiple bindings around the top and the back out of white celluloid. APPRAISER: White celluloid pegs, mahogany back and sides, mahogany top. Altogether, it's one of the cleanest, nicest Style Three ukes I've seen. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Often an auctioneer will talk about what she knows best: the auction market.
APPRAISER: And it's in a very attractive original hard case in great condition. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it. Most of our experts will give appraisal values in context.
Work included a bridge reglue and slight shave, cleating and gluing-up of 3 hairline cracks on the front, some application of a sealer coat of finish to protect some bare areas, a light fret level/dress, cleaning, a new bone nut, and setup.
The other ugly bit was all inside: 1/2 the kerfing is replaced with hack-repair (sturdy but hideous) "home-made" kerfing and I had to remove a couple of posts that someone had installed from the back to the top (possibly to reinforce the cracked areas on the top?