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One word - insurance.
I have a somewhat decent knife collection, it's down to about 100. It's not a bad idea at all to have some idea of what your knives would cost to replace on the open market.
I have knives and firearms that are well over 100 years old, family heirlooms that belonged to my great-grandfather.
When I added a rider to my insurance policy, I wanted to have an Excel spreadsheet with the valuation of my knives and guns.
There is certainly a large sentimental value to a ancient revolver my great-grandfather carried as a deputy here in Texas. But I'd like to be able to buy something close to it.
Add up the fair market value, and adjust your insurance accordingly.
Back in about 1997 or 1998, my darling bride got me an ATAK 2 for a gift. I think it was about $275 then. It is not serial numbered and does not have the relief cuts in the spine like the photo above.
Guess I'll just have to pass this one on to my son instead of buying him his own.
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