A new Web site, developed by Austin entrepreneurs, solves this dilemma and offers plenty more.
Amanda McGuckin-Hager, of iTaggit.com, said she had many inherited items of which she didn't know the value. Itaggit.com helps price such items.
"We have developed a search tool that we call the 'ValueRange it' tool that allows customers to better understand, 'What is this? Is it a $10 item, a $2 item or a $2,000 item?'" she said.
The tool searches closed auctions and closed transactions on the Web and then the site uses a math algorithm to give you an accurate range for your item, whether it's an old book or an autographed baseball.
The site has more functions than just pricing items. You can categorize your belongings and create documentation for insurance purposes.
"Depending on your item, whether it be an autographed baseball worth quite a bit of money, you could upload all of your documentation to the site, send it into your insurance agent for coverage, your financial planner for your net worth and your estate planner for your affairs in the future," McGuckin-Hager, said.
The site has been around for about three years but only now is it available to everyone.
"We've got a strong audience within the collectors market – collectors of everything – and looking at the tools and features decided that everyone could really understand what they have, better understand what they have, with the use of this tool, so we brought the tool up to the front and now we're opening it up to everyone," McGuckin-Hager said.
To get started checking the value of your items, head to www.itaggit.com.