APPRAISER 1: Why we're testing this-- that usually ancient gold is usually alluvial gold.

I just wanted to be sure with the gold.

APPRAISER 2: I'm gonna test the shank.

APPRAISER 1: Okay.

Don't wear it out, Kevin.

APPRAISER 2: (chuckles) You know us jewelers, always trying to get a little extra gold.

And I'm gonna test the bezel, also.

APPRAISER 1: Okay.

APPRAISER 2: I'm gonna hit it with 18 first.

So that's the shank, and that's the bezel.

APPRAISER 1: Okay.

APPRAISER 2: This is 18-karat acid.

So, the bezel, it's holding on the 18, the shank, it's not, it's not holding.

You see that discoloration right there?

APPRAISER 1: Yeah, sure.

APPRAISER 2: Probably sized with a lesser metal.

APPRAISER 1: Okay.

GUEST: It was given to my grandmother.

She was a young woman, and she was working in Palm Beach, Florida, and she met someone, and he had been on an archaeological dig and he gave it to her as a gift, and told her to hold on to it, that it might be worth a lot of money one day.

That was in the early 1930s.

My parents took it to The Metropolitan Museum of Art.

They looked at it and said that it belonged to King Thutmose III, a pharaoh of the 18th Dynasty, I believe.

It was priceless, is what we were told, and we have just never been able to have anybody tell us basically what it was worth.

APPRAISER: It's a scarab, and beautifully made, and from the 18th Dynasty, and it is ascribed to Tuthmosis III.

He was an extraordinary pharaoh.

GUEST: Yes.

APPRAISER: He was, I think, just two years of age when his father died.

And, because he was so young, he then had a regent, his stepmother... GUEST: Mm-hmm.

APPRAISER: ...and his stepmother was Hatshepsut... GUEST: Yes.

APPRAISER: ...and she was a really famous pharaoh also.

And when she declared herself a pharaoh, most of her sculptures depicted her as a man.

She was only, I think, the third woman ever to be a pharaoh in ancient Egypt.

It was a good reign, you know... GUEST: Mm-hmm.

APPRAISER: And it wasn't contentious, because even when she was making her declarations on monuments and things, she would put herself as pharaoh and also acknowledge Tuthmosis III.

By the age of about 18, she made him head of the army.

He ruled from April 1479 BC until March 1425 BC, and he transformed Egypt into a superpower.

Anything with his name on it becomes a very powerful amulet.

I don't believe that your ring belonged to Tuthmosis, but it's a very beautiful ring.

It would have definitely belonged to one of the elite, 'cause it's gold.

Why I think it probably wasn't a royal one, because the choice of stone for the scarab.

It would have been lapis or jasper for them.

But this is steatite.

It's sort of a-- it's a bit of softer stone, but it's nice.

GUEST: Uh-huh.

APPRAISER: It's a rather unusual cut.

It has the very high dome on it.

It's a wonderful swivel ring here.

On the back, it has the cartouche.

This is the oval area where it has the name of Tuthmosis III in it.

So that's the amulet.

What we weren't absolutely sure of was the gold content.

Now, normally with antiquity gold, it's alluvial-- found in the river.

Some was found in the Nile, but most of it came from Nubia, which is in the Upper Egypt.

And when it's alluvial, it's generally pretty pure.

We tested it and it was high karat on most of it... GUEST: Ah.

APPRAISER: ...but one part tested low, like 14 karat.

Then we looked at it very carefully, and it's been sized.

And so that's the little bit which was 14 karat.

Everything else is fine.

I'd be very comfortable with a retail value of $12,000 to 15,000.

GUEST: Oh, really?

APPRAISER: Yes.

GUEST (surprised laughter): Okay.

That's pretty awesome.

APPRAISER: I would insure this for $20,000.

GUEST: Oh, really?

APPRAISER: It's a beautiful ring... GUEST: Yes.

APPRAISER: ...and the color of that ancient gold is extraordinary.

GUEST: It's lovely, you know.

Oh, thank you.