While fur clothing styles have changed quite a bit over the years, the fact remains that coats made from authentic mink fur can be quite valuable. Many brand-name mink coats sell for thousands of dollars and are designed to last for years. Older furs can be quite valuable, but like cars, mink fur generally depreciates in value over the course of time. You may want to find out the value of your mink coat for insurance reasons or because you want to sell it or trade it in. Most professional mink dealers can give you a good pricing estimate.
Things You'll Need
Examine your mink coat carefully. Try to identify the manufacturer and the year in which the coat was made. You should be able to find a tag with this information somewhere on the coat. Inspect the coat for damages and imperfections such as rips, stains and other wear and tear. The condition of your mink coat has a significant effect on its market value.
Search the Internet for your coat’s manufacturer and search for your particular coat or a very similar coat. Ebay.com is a good place to browse fur coats and see what they’re going for. Keep in mind however that many mink coats are produced by small companies that may be hard to track down.
Contact your local fur dealer for an appraisal. Appraisal fees range from $25 to $50, according to Furs.com. Your appraiser will determine the current market value of the coat, depending whether the coat is used or new. Decide if you want to appraise the coat for insurance reasons or if you want to sell it. To find an appraiser near you, use Fur.com’s online directory of fur dealers.
Ask your appraiser for a written appraisal form that includes the name of the dealer, the proposed value of the coat and the date on which it was appraised.
Most fur dealers offer appraisal services even if the coat was not purchased from that particular dealer.