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twinb1201
twinb1201, Appraiser, Researcher
Category: Musical Instrument Appraisal
Satisfied Customers: 7983
Experience:  Classically trained musician with more than 20 years experience appraising musical instruments.
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About how much is the $Value$ of a ("Diploma of Honor" -

Customer Question

About how much is the $Value$ of a ("Diploma of Honor " - "Paris Exposition 1878" - "Schaeffer Chicago" Upright / Made with Tiger Maple") Piano
Submitted: 1 year ago.
Category: Musical Instrument Appraisal
Expert:  twinb1201 replied 1 year ago.

Hi,

My name is ***** ***** I'm happy to help.

What is the serial number of your piano?

Customer: replied 1 year ago.
40915
Customer: replied 1 year ago.
Good Condition
Customer: replied 1 year ago.
I think that's the serial number, Not sure.I'm a Violinist
Expert:  twinb1201 replied 1 year ago.

The serial number indicates that this piano was built in 1909. I have two more questions for you: has the piano been regularly tuned? Has it had any internal restoration?

Customer: replied 1 year ago.
Tuned" -Yes / "Internal Restoration" - No, It Never Needed Any.
Expert:  twinb1201 replied 1 year ago.

Any piano of that age would need some restoration. It is more than 100 years old!

Older pianos do not have any value based on their being old. This is because the parts wear out and must be replaced. People who buy pianos are not collecting them; they are buying them to play.

Aside from not having any restoration, if your piano is in very good condition, its current retail (replacement or insurance) value is approximately $800. If you were to sell it, you could expect to get the fair market (private sale or auction) value of approximately 40% of the retail amount, or $320, depending on location and actual condition.

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