|Title:||magic chef gas stove by american stove|
|Condition:||All in working order|
|Origin:||Bought it from children of deceased approx 5 yrs ago|
|Appraised By:||Leslie Haltbakk|
|Appraiser Comments:||Until fairly recently, stoves like this fell into the used appliance category. However, with the larger modern homes there is demand for these stoves as decorative items in the kitchens, which has deservedly driven the price upwards.
The unrestored condition of this stove is important. You may see some additional rise in price over the next few years.
John Ringen, a German immigrant began a tinshop in St. Louis, Missouri In the 1850s. He took in George August Kahle, in 1870, as a partner. They sold housewares, washing machines, and cooking stoves called "quick meals". In 1881, George Kahle's brothers-in-law, Charles and Louis Stockstrom, set up a shop to make stoves. These four men organized two corporations, the Ringen Stove Company and the Quick Meal Stove Company. Quick Meal manufactured the stoves with Ringen Stove handling the entire output of Quick Meal's production. The growth of these companies led to the merger of eight other stove companies in St. Louis, Chicago and Cleveland in 1901 to form the American Stove Company. American Stove introduced the first oven temperature control device in 1919, and in 1929 introduced the first Magic Chef. The Magic Chef name became so popular in the minds of cooks worldwide that American Stove Company actually changed its name to Magic Chef, Inc. in 1951. The company was well known for its gas stoves, but attempts to spread the brand to other household appliances were unsuccessful. In 1957, it merged with Food Giant Markets of California. In 1958, it was purchased by Dixie Products. By 1986, the company had become quite large and it was sold to the Maytag Corporation. Whirlpool Corporation acquired Maytag Corporation in 2006.
Like any other antique or collectible, there is a range in values similar to the car market. If you want to "wholesale" it to a dealier, etc., you will get less but get it faster. If you want retail price you may need to invest more of your time selling the stove and possibly providing transportation.
Market values are fluctuating quite a lot right now on these beautiful old stoves.
This online appraisal is an expert's opinion of the item(s) depicted above based solely on images and information supplied by our customer. Additional information, not shown on this certificate, may have been taken into account for this online Appraisal.
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* Current Fair Market Value is the amount someone might receive when selling their item to a dealer or at auction. It is also the amount most government tax agencies (IRS, Revenue Canada, Inland Revenue, etc.) recognize as the tax deductible amount were the item donated to a charitable organization.
** Replacement Cost is the retail amount one might reasonably pay to purchase the item from a dealer, gallery, store, etc. It is also the amount for which one may want to insure an item.
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