Metal & Wood Restoration Ethics Flashcards
7 cards from real CFA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Metal & Wood Restoration Ethics flashcards as text
A semi-automatic pistol has both original and replacement grips present. A client plans to sell it and asks the appraiser to install the original grips for photographs then note 'original grips' in the listing. If the replacement grips are sold with the gun, this is ethically problematic because:
Answer: Representing the firearm as having original grips when replacement grips are included in the sale is deceptive misrepresentation
Using photographs of original components when non-original parts will actually be sold is deceptive and misrepresents the transaction.
A foreign-made rifle has its import markings partially obscured by aggressive polishing during metal restoration. The appraiser must:
Answer: Stop immediately, as removing federal import markings is a violation of 18 U.S.C. § 922(k) and must be disclosed
Obliterating federally required import markings is illegal under 18 U.S.C. § 922(k) and must be immediately disclosed.
When an appraiser encounters a wood stock with possible period-correct repairs using animal-hide glue and wooden dowels, the ethical restoration approach is to:
Answer: Preserve the period-correct repairs as historically significant and document them accurately
Period-correct historical repairs are themselves provenance evidence and should be preserved and documented, not replaced.
A firearm appraiser is asked to provide a written opinion that a heavily restored gun is 'in original condition' to satisfy a buyer. The appraiser knows this is false. The ethical and legal obligation is to:
Answer: Refuse to produce a false opinion, as issuing a knowingly false appraisal is both an ethical violation and potentially fraud
Knowingly issuing a false written appraisal opinion constitutes professional misconduct and potential fraud.
A collector's rifle stock has a thin crack that could be stabilized with thin cyanoacrylate or fully repaired with a wood patch inlay. The ethical consideration favoring cyanoacrylate stabilization is that:
Answer: Stabilization is minimally invasive and reversible compared to a patch inlay that removes original wood material
Minimally invasive, reversible stabilization preserves more original material than a wood patch, aligning with conservation ethics.
An appraiser restoring a shotgun discovers that the serial number on the receiver has been re-stamped over a ground-down original number. The appraiser's ethical and legal obligation is to:
Answer: Cease all work, document findings, and advise the client that this likely involves a federal crime requiring law enforcement notification
Altered serial numbers are a federal crime under 18 U.S.C. § 922(k); the appraiser must stop work and advise the client of the legal situation.
A client disputes an appraiser's condition rating after metal restoration, claiming the work should have resulted in a higher grade. The most ethically sound way to resolve the dispute is to:
Answer: Reference the documented pre- and post-restoration condition reports and photographs to objectively support the assessment
Documented condition records and photographs provide objective evidence to resolve disputes without compromising appraisal integrity.