Selling off the family silver to stay afloat

A growing number of families are selling off their heirlooms to make ends meet

In the past, heirlooms were passed down from generation to generation, often carrying great sentimental value. But in these tough economic times, a growing number of families are selling off their heirlooms to make ends meet.

According to a recent study by the National Association of Jewelry Appraisers, the number of people selling heirlooms has increased by 25% in the past year. The study found that the most common items being sold are jewelry, watches, and silverware.

There are a number of reasons why families are selling off their heirlooms. Some families are facing financial hardship and need the money to pay for basic necessities such as food and shelter. Others are selling heirlooms to pay for medical expenses or to help their children pay for college.

The decision to sell heirlooms is often a difficult one

For many families, heirlooms are more than just valuable objects. They are also symbols of family history and tradition. Selling an heirloom can feel like selling off a piece of the family's past.

However, for some families, selling an heirloom is the only way to make ends meet. In these cases, families must weigh the financial benefits of selling an heirloom against the sentimental value of the item.

If you are considering selling an heirloom, there are a few things you should keep in mind

First, it is important to get the item appraised by a professional appraiser. This will help you determine the value of the item and ensure that you are getting a fair price for it.

Second, you should research different auction houses and dealers to find the best place to sell your item. It is important to compare prices and fees before making a decision.

Finally, it is important to be prepared for the emotional impact of selling an heirloom. It is important to remember that you are not selling off a piece of your family's history. You are simply selling an object that can help you meet your financial needs.