- 1). Check the piano carefully for any signs of a label or maker. Most manufacturers signed their creations and some are worth more than others. Examine the underside of the piano for any signs of a label and also the inside of the piano, especially under the lid.
- 2). Look at the condition of the antique piano with a critical eye. Even minor imperfections or flaws make the piano worth less. Some collectors are also leery about buying a piano that's missing any original parts or pieces and those with a new finish or stain on the wood.
- 3). Factor in the condition of the piano in terms of playability. An antique piano may be worth a few hundred dollars "as-is" because it needs several thousand dollars worth of work before it's ready for playing. A piano that plays perfectly is worth significantly more than one that needs work.
- 4). Find the value of the piano in "The Piano Book" by Larry Fine. The original book was published in 1986 by asking piano sellers the prices charged for different models. A supplement was added that covers prices up to 2007-2008, with different prices listed based on the condition of the piano.
- 5). Get a piano appraisal from a company such as Concert Pitch Piano. The company does appraisals based on digital pictures and sends your response in the form of an email. A comprehensive appraisal tells you details about the piano, but the basic package includes the price it's worth on the secondary market and its replacement value.
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