Is 10 cents on the dollar the going price? This is a common question I get all the time. It has been a misconception with the general public for decades. If 10 cents would buy it, there would be “a lot more buyers out there!”
Prices range from pennies on the dollar to 60 and 80 cents or more on the dollar.
In some cases, the “damaged stock” has been sold for more than the insured value. 20% to 40% would be a general ballpark range of all types of goods.