I have inherited an old book collection - Is it worth anything?

So, you've lately received a book collection from your grandmother, parent, distant relative, neighbor, or family friend? You can feel lost among the boxes or shelves if you're unfamiliar with the rare book trade or haven't had much experience purchasing or selling rare books. You're probably thinking how much this inherited book collection is worth. Many rare booksellers and archivists have heard stories of people approaching them with old books that they believe are valuable only because of their age or false assumptions about their origins. Of course, terms like "worth" and "value" are always relative, as we'll discuss in a moment.

Not all old books are rare and valuable 

To begin, it's crucial to understand that an old book isn't always rare, and it doesn't always have market worth. To put it another way, just because a book is old doesn't guarantee you can sell it for a lot of money or that anyone will be prepared to pay a lot of money (or any money, in some situations!) for it. When someone finds or acquires a family Bible or inherits a collection of nineteenth-century or early twentieth-century literature that reflect their age, these kinds of assumptions are extremely frequent. Allow us to reiterate—and join us in saying it! —that an old book is not always a rare or expensive book.

Many older books are extremely common, which means that a rare bookseller, a rare book archive, or a special collections library are unlikely to be interested in them. Even if the book is not very uncommon, it may not be in demand by anybody other than its original owner (for example, the family Bible), or it may have substantial damage that reduces its value. Let's take a closer look at that last point. Many older hardcover or hardback novels came with dust jackets, which account for a significant portion of the market value. As a result, if the book's dust jacket is missing, its value could plunge. If the spine is significantly damaged, the situation is similar.

Value of the book will increase with provenance 

While many old books, such as the ones we listed above, aren't worth much to a rare bookseller, a rare book collector, or an archive, that may all change if the book belonged to someone influential. So, did you get this collection of ancient books from a relative who is also a famous politician or a Hollywood movie star? If that's the case, the box of old books could be worth a lot of money, even if the books themselves aren't worth much money without the information of the former owner. However, keep in mind that you'll almost certainly need to offer a potential buyer proof of the collection's origin.

Similarly, even if the previous owner of this inherited book collection was not a famous person, one or more books in the collection may have market worth if the author has signed or inscribed them. Of course, you'll need further information about the book's or books' provenance, and you might need to consult a rare book expert to evaluate whether a signature or inscription is genuine.

Understanding the market value of an old book

You might believe we're being pessimistic and implying that you simply inherited a useless book collection. While this is typically the case with inherited family libraries, keep in mind that many antique books are extremely rare and valuable! As a result, if you think you have a very rare book, it's well worth getting it appraised. Just be prepared to be disappointed if the collection isn't quite what you were hoping for.

We'd also like to clarify that the market worth of a book differs from other sorts of value you could assign to a book or another object. A book with little to no commercial value to one person may be enormously valuable to another who has a strong emotional attachment to it. Perhaps you inherited a book that your father read and marked, making it almost priceless to you. Perhaps you inherited an uncommon but not particularly sought-after book, and it turns out that a buyer has been looking for that book for decades.

Important factors to consider when determining the value of your old book collection 

The state of the item is critical and has a significant impact on its worth. A worn-out, falling-apart old book will be of little value.  Book collectors prize first editions, and a first edition is usually more valuable than a subsequent printing. The value of a first edition signed by the author will be significantly higher. 

Value is influenced by scarcity.  The presence of a dust jacket, as well as its condition, has a significant impact on the value of hardcover books issued after the twentieth century. If you're having trouble deciphering some of the phrases used by rare book dealers, consult our glossary, which also contains a guide to used book conditions and sizes.

Final words

Now you have a basic understanding about the factors that can create an impact on the value of your book. Just because you got some old books, you shouldn’t assume that you are going to become a millionaire in the future. However, the collection of old books that you have can sometimes increase your chances of becoming a millionaire as well. it is up to you to carefully go through the books while keeping above-mentioned facts in mind.

It is better if you can go through the list of old and rare books while paying attention to all the facts we shared. Then you can end up with finding the value of the old books you have. In case if you are facing any challenges to get this done on your own, you may think about seeking the assistance of a professional book evaluator. 

Post a Comment