Historical value is a term used to refer to the monetary or intrinsic value of artifacts and heirlooms, based on how much they represent specific characteristics of a culture, place, or people. For example, a rare musical instrument that was crafted by a renowned musician or an ancestral quilt made during the Great Depression may hold a strong historical value due to its unique meaning and message. These items also often have worth beyond their monetary value, as they can represent cultural diversity, traditions, and family heritage. Historical value should be considered when appraising items for their potential use in museums, archives, research facilities, and other institutions.