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Can be a Great Investment
I've been a collector for nearly twenty years now. I started out collecting baseball cards, coins and stamps. When I started my collection, I was certain that I was going to get rich from my investment of twenty-five cents for a pack baseball cards. Of course, I was wrong. My baseball and sports card collection did increase in value over the years and it is now worth several thousand dollars. I didn't get rich, but it was a very good investment because it did increase in value and it was something I enjoyed doing. My coin and stamp collection is the same way, a small initial investment and increasingly larger over the years, but my collection has appreciated. There are so many things that people collect that it wouldn't be possible to list them all here. It is very important that you collect what you enjoy. I began collecting baseball cards after seeing a television show where a man had a baseball card collection that was worth thousands of dollars and I was hooked. I did learn who the players were and enjoyed baseball, so it was natural for me to get involved with collecting cards, although it was probably strange for a ten year old to start a collection for an investment. I am still a serious collector of coins and sports cards. I found it important to have knowledge of what I was collecting, so I read everything I could get my little hands on. If you are a serious collector, you should have a strong knowledge of what you are collecting. When I was younger, I would be able to go into a coin shop and haggle with the shop owner for a coin I wanted because I knew everything about coins including the value of coins depending on their condition. Any collector should know the value of an item they are buying or selling. There are many unscrupulous people out there who will tell you that your antique or collectible has no value in hopes that you will sell it to them at a low price. They will then turn around and sell it at a great profit. This does happen so without trying to be redundant, you must educate before you buy or sell any antiques and collectibles. I mentioned earlier that it is important to collect what you like and enjoy. You should be careful about getting caught up in the fad collecting that is going on today. I don't want to upset anyone, but those cabbage patch dolls that were so hot and collectible in the 1980's are no longer worth the hundreds of dollars that some of you paid for them. I'm not going into the present fad, but I think you now what the "Hot" collectible of the day is currently. Collecting antique furniture can be a good investment and auctions are usually a great place to start. You can get some good deals at estate sales too. If you are collecting something that are a "Limited Edition", make sure that it is limited to less than 10,000. I prefer collecting editions limited to fewer than 500, but I'll leave that up to you. Know your collection and care for it, but most of all enjoy your collection. It can be a great hobby and improve the looks of your home. Best of all, you can even make money from your collecting. One factor I almost left out, make sure that you have your collection insured. You may have to pay extra for it so check with your insurance company. Also, it is important to have a complete record of your collection by photographing or video taping it. Keep the records in the same place you would keep your insurance papers. If you have any questions or comments regarding this article, please send us an email.
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