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- Oct 8, 2001
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So what is devalued in one instance may not be quite so much in another.
To the original question, I agree with all the others: First refurbish done by the maker, more value than untouched. Done by another: Less valuable.
But, there may be exceptions.....
I had to get a knife rehandled. A couple of years back I was offered this ivory Hill Pearce bowie by dealer Dan Piergallini who purchased it from a nutty collector:
I say nutty, because when it was first offered the guard had a string of low-quality diamonds encircling it, in the groove. Also it had that preposterous citrine embedded into the handle.
I called Hill and discussed the knife, and he was well-aware of it. Apparently he sold it to a Doctor who decided he would dress it up. So he garnished it with gems by another jeweler. Hill though it atrocious, but, hey, it was HIS knife.
Years later, Dan purchases it and tries for a year to sell it at the increased value that the diamonds have given it. No buyers.
In disgust, he removes the diamonds and sells them to a pawn shop. Now he has a more-marketable piece still with a lovely citrine stuck in the handle. :jerkit:
At this point the price has come within MY reach and I spring for it with a trade or two.
Let me see if I can get this citrine off... Is it just glued on top? I take a hot piece of stock and heat it up and hold it onto the stone to soften the glue. Yes, it softened it, and it also cooked it underneath. Not such a big disappointment, as the inlay had been carved about 1/18" deep into the handle anyway. Now I have an oval crater colored brown. Nice.
My first call was back to Hill Pearce: Can you rehandle this knife?
"No, I'm sorry, Coop. I don't have any more tools and can't do a thing for you. Why don't you call your buddy and mine, Jim Small, and see what he can do?"
And so I do. Jim gets the knife, and despite me suggesting an oval escutcheon, he feels the original beauty of this piece was in the plain original elephant ivory. And Jim has just such a piece that has been aging for many years in his old stock. "Let's get it back to how Hill built it."
It took time, but Jim sent me an in-progress photo of his work:
Jim cut the scales and smartly said "I want to wait for the newly cut scales to settle." It takes two months or so sitting on his bench, and yes, they've twisted and shrunk a bit--but now they are stable. At this point he attaches them. (Smart maker, eh?) Finally this knife arrived back in better-than-received shape, as Jim also re-etched the blade and guard, as it had also been polished to lose the patterns.
NOW here is the final knife as I own it:
(Click to enlarge)

So, this knife has a crazy history, and a series of bungles, not the least of which I exacerbated. But, in the end, I am left with a knife that, to me, is notably more valuable than had it been left with that un-original jewel stuck in the side.
Funny, I thought I had gone through this history before here, but my search revealed nada. So now you know. This thread gave me the opportunity. Hope it's relevant.
Sorry for taking up a lot of space. Well, not really....
Coop
To the original question, I agree with all the others: First refurbish done by the maker, more value than untouched. Done by another: Less valuable.
But, there may be exceptions.....
I had to get a knife rehandled. A couple of years back I was offered this ivory Hill Pearce bowie by dealer Dan Piergallini who purchased it from a nutty collector:

I say nutty, because when it was first offered the guard had a string of low-quality diamonds encircling it, in the groove. Also it had that preposterous citrine embedded into the handle.
I called Hill and discussed the knife, and he was well-aware of it. Apparently he sold it to a Doctor who decided he would dress it up. So he garnished it with gems by another jeweler. Hill though it atrocious, but, hey, it was HIS knife.
Years later, Dan purchases it and tries for a year to sell it at the increased value that the diamonds have given it. No buyers.
In disgust, he removes the diamonds and sells them to a pawn shop. Now he has a more-marketable piece still with a lovely citrine stuck in the handle. :jerkit:
At this point the price has come within MY reach and I spring for it with a trade or two.
Let me see if I can get this citrine off... Is it just glued on top? I take a hot piece of stock and heat it up and hold it onto the stone to soften the glue. Yes, it softened it, and it also cooked it underneath. Not such a big disappointment, as the inlay had been carved about 1/18" deep into the handle anyway. Now I have an oval crater colored brown. Nice.

My first call was back to Hill Pearce: Can you rehandle this knife?
"No, I'm sorry, Coop. I don't have any more tools and can't do a thing for you. Why don't you call your buddy and mine, Jim Small, and see what he can do?"
And so I do. Jim gets the knife, and despite me suggesting an oval escutcheon, he feels the original beauty of this piece was in the plain original elephant ivory. And Jim has just such a piece that has been aging for many years in his old stock. "Let's get it back to how Hill built it."
It took time, but Jim sent me an in-progress photo of his work:

Jim cut the scales and smartly said "I want to wait for the newly cut scales to settle." It takes two months or so sitting on his bench, and yes, they've twisted and shrunk a bit--but now they are stable. At this point he attaches them. (Smart maker, eh?) Finally this knife arrived back in better-than-received shape, as Jim also re-etched the blade and guard, as it had also been polished to lose the patterns.
NOW here is the final knife as I own it:
(Click to enlarge)

So, this knife has a crazy history, and a series of bungles, not the least of which I exacerbated. But, in the end, I am left with a knife that, to me, is notably more valuable than had it been left with that un-original jewel stuck in the side.
Funny, I thought I had gone through this history before here, but my search revealed nada. So now you know. This thread gave me the opportunity. Hope it's relevant.
Sorry for taking up a lot of space. Well, not really....

Coop