1903 Presentation Box-Hinge Multicolor Gold Watch
GUEST:
Well, this belonged to my great-grandfather. During the Civil War, he became a captain in the Union Army, after which he came to Texas and settled in Galveston. And he became the chief of police in Galveston. Several years later, he was hired to go to Sour Lake, Texas, to do some earth work. So he took his crew with him. And when they went to Sour Lake, a group decided to tell him that his African-American workers were not welcome there and had to leave. And he ignored them, until a mob showed up one day. And he stood down the mob with nothing but his shotgun full of birdshot and convinced them that he was not going to leave and his workers were going to stay there and do their job. And Sour Lake, being a lawless place at the time, was very grateful to have somebody there that would stand up for law and order, and they presented him with this watch.
APPRAISER:
The pocket watch is made of 14 karat gold.
GUEST:
Mm-hmm.
APPRAISER:
And it's called a box-hinge multicolor.
GUEST:
Okay.
APPRAISER:
So at the top and at the bottom, it's boxed where the hinges go. The multicolor is all different colors of natural gold with some alloy, and there happens to be two horse heads-- one here and one over there.
GUEST:
Mm-hmm.
APPRAISER:
In the center, it's set with a European cut diamond.
GUEST:
Okay.
APPRAISER:
There's an inscription on the inside of the watch. The inscription says, "To Ed Ketchum, for your stand in defense of human rights at Sour Lake, July 9, 1903, from your friends." Now, the watch is made by the Hampton Watch Company. The watch itself was made in 1888.
GUEST:
Mm-hmm.
APPRAISER:
It was sold by the M.W. Shaw Company in Galveston, one of the most prestigious and best firms in Texas in the turn of the century.
GUEST:
Good.
APPRAISER:
Did you have any idea of what the value would be?
GUEST:
I have never, never considered it.
APPRAISER:
At auction, although it could go for substantially more if you found the right two people bidding, we feel that the watch would probably bring somewhere between $20,000 to $30,000.
GUEST:
Wow. (laughing) I'm shocked. I had no idea.
Appraisal Details
Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.
Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."
Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.
Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.
Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.
Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.
Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.