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Re: Need SF area certified appraiser for Petroliana
Jack Sim #603573 Mon Mar 16 2015 12:46 AM
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There's a big difference in writing books and compiling information. To simply gather literature from various sources and peruse through it and compiling that information into one source is much different than writing books. Writers create new pieces of work based on their own ideas. In various forms of literary art and creative writing such as novels, short stories, poetry, plays, news articles, screenplays, or essays.

Values differ from area to area so I don't buy into this whole idea of flying people in. Auction prices are much different then local sales in a particular area. Best bet, is to go with a local individual who is knowledgeable about the area in which the items are to be sold or liquidated.

The certification process is just a money grab in my opinion. It's a designation assigned to people for paying a an annual fee. Hardly a benchmark based on qualification/skill.


Dave GILL,
Dave's Garage & Memorabilia, Inc.
Please use For Sale forums to sell

Please - NO offers to Buy or Sell in this forum category

Statements such as, "I'm thinking about selling this." are considered an offer to sell.
Re: Need SF area certified appraiser for Petroliana
Dave's Garage #603647 Mon Mar 16 2015 12:35 PM
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I can't answer what makes a "certified appraiser" in California. But, in your case, if you are the estate's personal representative in California, you would fill out an Inventory and Appraisal form DE-160 and Attachment DE-161. If you have an attorney, he or she can help you with this. You list the items and descriptions and then submit to the probate referee. There are two appraisal categories: 1) Personal Representative appraisal and 2) probate Referee appraisal. Just keep in mind that you only have four months from appointment as personal representative to submit these forms.

The appraisals would be based on fair market values. So, if you are not knowledgeable in the items, you can use an independent expert in the field. That could be a collector who is knowledgeable through their education, experience, and training. The referee could accept a collector's appraisal as long as you can show that the person can be considered an expert in the field. This person does not necessarily have to be certified. Oldgas is a good resource for knowledgeable collectors.

With some items, you can list them collectively and give them a single value. This would be for something like smalls or oil cans that individually don't amount to much or if you have a small collection. For example, you could say "Petroliana Collection - $5,000.00" or "Vintage Oil Can collection - $1,000.00". But for items that are considered "unique, artistic, unusual or special item of tangible personal property", you should list those items individually. Typically, that would be a collector car, coin collection, and unique antiques.

Again, consult with your attorney on how you should assign a value to the collection to be sure. By the way, this isn't legal advice. The information can easily be accessed from Santa Clara County Superior Court website.

Last edited by Ron Cabanayan; Mon Mar 16 2015 12:43 PM.
Re: Need SF area certified appraiser for Petroliana
Ron Cabanayan #603737 Mon Mar 16 2015 10:20 PM
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Dave,

I really don't understand the part about writing novels, short stories, etc., what does that have to do with being able to value a number of items that pertain to a particular subject.

My knowledge does not come from only writing books, it also comes from attending as many as 22 swap meets a year. I have traveled from Missouri to Daytona Beach, to Gilette, Wisconsin, to Carlisle and Hershey, to Kansas, to Indiana, to Ohio, to Georgia, to California, to Michigan, most attending swap meets and others making appraisals. Doesn't experience count?

I still would like to know how you become a "Certified Appraiser?"

Jack Sim


Author, 1st & 2nd editions of Gas Pump ID book, 3rd edition is now available at www.gaspumpbible.com
Air Meter ID book also available
Re: Need SF area certified appraiser for Petroliana
Jack Sim #603752 Tue Mar 17 2015 04:35 AM
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Originally Posted By: Jack Sim
Dave,



I still would like to know how you become a "Certified Appraiser?"

Jack Sim


Have you checked the real estate laws in California?

Re: Need SF area certified appraiser for Petroliana
Ohio Oil #603784 Tue Mar 17 2015 08:28 AM
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In California, the state Board of Equalization controls appraiser training and certification. They look at your training and experience as well as exam results. The certification is for real estate appraisal but also includes machinery and equipment. You'll find a similar agency in Missouri. Try looking up the Missouri Appraisers Board.

Re: Need SF area certified appraiser for Petroliana
Ron Cabanayan #603842 Tue Mar 17 2015 11:27 AM
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Originally Posted By: Ron Cabanayan
I can't answer what makes a "certified appraiser" in California. But, in your case, if you are the estate's personal representative in California, you would fill out an Inventory and Appraisal form DE-160 and Attachment DE-161. If you have an attorney, he or she can help you with this. You list the items and descriptions and then submit to the probate referee. There are two appraisal categories: 1) Personal Representative appraisal and 2) probate Referee appraisal. Just keep in mind that you only have four months from appointment as personal representative to submit these forms.

The appraisals would be based on fair market values. So, if you are not knowledgeable in the items, you can use an independent expert in the field. That could be a collector who is knowledgeable through their education, experience, and training. The referee could accept a collector's appraisal as long as you can show that the person can be considered an expert in the field. This person does not necessarily have to be certified. Oldgas is a good resource for knowledgeable collectors.

With some items, you can list them collectively and give them a single value. This would be for something like smalls or oil cans that individually don't amount to much or if you have a small collection. For example, you could say "Petroliana Collection - $5,000.00" or "Vintage Oil Can collection - $1,000.00". But for items that are considered "unique, artistic, unusual or special item of tangible personal property", you should list those items individually. Typically, that would be a collector car, coin collection, and unique antiques.

Again, consult with your attorney on how you should assign a value to the collection to be sure. By the way, this isn't legal advice. The information can easily be accessed from Santa Clara County Superior Court website.


Thanks for that response, but it only applies if the estate is subject to Probate. Probate only comes into play if the total value of all title'able assets (bank accounts, automobiles, real estate, etc) which are NOT going to named beneficiaries exceeds $150k. For this estate, all of those items were retitled in the name of the Trust and therefore everything associated with Probate does not apply here. And as long as the estate plan executed an Assignment of Personal Property doc which flows all non-title'able assets into the trust (e.g., gas pumps, art, books, etc), those too are excluded from the Probate $150k threshold.

Also, what you referred to as a collective assigned value, that's what appraisers refer to as a `bulk appraisal'. A good example of where this is done is a book collection. No need to itemize out each title...just assign a value to the overall book collection.

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