GUEST: This was given to me by my grandmother several years ago. I know it's a silver snaffle bit bracelet, and I know it's made by Hermès. But that is about all that I know about it.
APPRAISER: Did she own horses?
GUEST: We have horse farm, and so we rode and showed horses.
APPRIASER: Most people, when they think of Hermès Paris, they think it is a pocketbook company.
GUEST: Right!
APPRAISER: But they started in 1837, and they started doing leather goods for the horse trade. In fact, their emblem is a horse and buggy. Not until 100 years later did they make their first scarf. And they didn't make jewelry until 1938.
GUEST: Okay.
APPRAISER: What happened was, cars came into being, and horses weren't that popular. So, they kind of switched gears and started to go into making other things, and became, of course, a luxury, high-end company. And the rest is history. But what's interesting about this is, this really says what they did. This is sort of iconic.
GUEST: Uh-huh.
APPRAISER: It's a snaffle bit in silver. Now, value, because it's pretty unusual, and it's probably from the '60s, I would say...
GUEST: Okay.
APPRAISER: At auction, I would put this between $3,000 and $5,000.
GUEST: Okay, wow!
