A stamp collection appraisal is when an individual who collects stamps takes his collection to be valued by an expert. Doing this can give the owner information if he wishes to sell or insure parts of the collection.
One benefit of the appraisal includes peace of mind when inheritance is concerned. If the value of a stamp collection is known, the family does not have to figure it out if anything happens to the collector. Getting an appraisal is also useful if one wishes to purchase insurance. Knowing the value keeps a person from paying too much or too little insurance for the collection.