1250 SCALE MESSAGE BOARD
[ Post a Response | 1250 SCALE MESSAGE BOARD ]
Posted by Paul on 1/10/2019, 6:46 pm, in reply to "Re: Insuring?
You can either use actual purchase price, current market price if the model is still being produced, or else an appraisal.
Question: How do you determine the value of a model?
I know I'm new to collecting, and most of you have been collecting for decades, but the wife asked if we needed to insure the ships I have acquired so far. Do you guys recommend this? I'm sure if I had thousands like some of you do, and they're worth six figures, it's "required". But for starting out and only have a couple of hundred ships, just take photos and notes on ships?