GUEST: It's an Arnold Palmer original putter, and it is autographed by Arnold Palmer by engraving.

My father was a physician, and a relative of Arnold Palmer's was a patient of his.

So he had the idea and he bought the putter.

He had an engraving tool already, and his, uh, relative came in for a visit.

He gave the putter and the engraving tool to her and said, "Would you take these home to your dad and ask him to sign them?"

She brought 'em back, and we got 'em for Christmas, and... (chuckles) it was a good Christmas.

APPRAISER: How many of these did he do?

GUEST: He did three-- I have two brothers and we each got one.

APPRAISER: It says, "To Jerry, good luck, Arnold Palmer."

And did it bring you good luck?

Have you used this?

GUEST: Uh, I'm a lousy golfer.

APPRAISER: Palmer-- he was the first television golf icon.

GUEST: Mm-hmm.

APPRAISER: Played in the late '50s, early '60s.

He won the Masters four times.

He won the British Open twice.

He won the U.S. Open once.

He made golf cool and sexy.

And because of that, you know, he developed this huge legion of fans.

They even had a name called Arnie's Army.

GUEST: Right.

APPRAISER: I'm guessing that he must have loved this project, to bring this home and actually engrave this himself.

He signed thousands upon thousands upon thousands of signatures.

And his signature can be bought, really, for about anywhere between $50 and $150.

But this club is special.

And the other two clubs are special.

We don't know of any other clubs that were ever signed by Palmer with an engraving tool.

So if I were going to put an auction estimate on this, I would say $3,000 to $5,000.

GUEST: Okay.

(chuckles) Very good.

APPRAISER: Best Christmas present ever.

GUEST: You betcha.

APPRAISER: I would probably insure it for close to $10,000.

GUEST: I will take care of that when I get home.