Valuations

The valuations issued by Nacional Monte de Piedad are made with professionalism aside from being supported by the institution’s history and prestige.

The valuations are made in different areas, according to each customer’s needs. There are two kinds of valuations: “over the counter” and “at home”

First level valuations have the following characteristics:

• Institutional image
• International technical nomenclature standardization
• High quality materials used
• High quality printing
• Digital image of the valued item attached to the document. (Only in the head offices).

The valuation cost is 1% of the item value plus 15% tax when making an invoice that includes the legal fiscal requirements and that can be tax deductible

Valuation Objectives

The following objectives(sic) are subject of a valuation:

Items

• Jewelry, watches
• Silverware

Electrical appliances:

• White goods
• Electronic devices
• Computer equipment

Machinery

• Agricultural machinery
• Industrial machinery

Vehicles

• Motorcycles
• Cars
• Buses and trucks
• Light aircrafts
• Motorboats

Collections

• Works of Art
• Paintings

Antiques

• Antique furniture
• Style furniture
• Tapestry and mats
• Glassware
• Porcelain
• Ivory

Sculptures:

• Marble
• Alabaster
• Bronze

Types of Valuations

Commercial Valuation

Definition.- This type of valuation refers to the value in which an old or new item can be found in the market. This values are useful as a starting point for a buying and selling operation between private individuals; they are not fixed prices, they are negotiable, that is, they can be subject of different offers or haggling before reaching an agreement.

Sale Base

Definition.- These are smaller values than the commercial or insurance ones, so that the that the items can be sold easily. It works in seizures, payments in kind, liquidation of assets, etc. Eventually, in some cases overprices can be reached by bid in an auction.

For Insurance

Definition.- Best price in the market (over the counter), without considering any promotion or discount. The purpose of this kind of valuation is that the insurance companies can cover risks or accidents (loss, theft, fire, etc) by paying the value of the item or by replacing it, thus this values are also called replacement values or recovery values. A bigger margin can be considered in these values to cover the inflation rate effects or due to their appreciation.

Testamentary

Definition.- In an inheritance procedure there is a general or particular interest in the total amount of the inheritance, so this value can be considered as “commercial”, “for insurance” or “as a sale base”, according to the pursued purpose.