230 likes | 836 Views
Collectibles. By: Kainalu Gasper. What are Collectibles?. A collectible (aka collector's item) is any object regarded as being of value or interest to a collector ( not necessarily monetarily valuable or antique ). There are numerous types of collectables. Who invests in Collectibles?.
E N D
Collectibles By: Kainalu Gasper
What are Collectibles? • A collectible (aka collector's item) is any object regarded as being of value or interest to a collector (not necessarily monetarily valuable or antique). There are numerous types of collectables.
Who invests in Collectibles? • People who seek, gather, or invest in collectibles are called collectors. • There are many different types of collectors some who seek items such as old coins, baseball cards, or shoes as seen in the previous slide.
Money, Money, Money • Well collectibles are a very tricky thing to make money on. Many of the collectibles that are worth money today have been held on too by family members or passed down through other means. • Collectibles can either grow or drop in value according to supply or demand.
When to buy, When to sell • Now collectibles are tricky to buy and sell. Main reason for this is because some, or actually many collectors collect not for profit but for personal interest in the topic. • If looking for profit in some type of collectable item, the selection of item is key • For example: Baseball Cards, 10 years ago the demand for rare baseball cards was huge, but now a days kids not having interest in the topic and adults no longer having time for a hobby, the price or value of those rare cards has greatly diminished.
Collectibles Today • So today I will go over, what to me is the two biggest collectibles today and why they seem to continue to hold their value • The two items are collectable coins/money and stamps.
The facts • Stamps - this is the most common collection item that people love to collect. It is popular among collectors whether novice or professionals because of the photos on it, like the leaders of different countries, famous historical landmarks, flags, etc. It is one of the easiest collectible items to find as well. • Coins - like the stamps, coins are famous among collectors. One possible reason is that coins evolve fast. Aside from that, the older the coin is, the more valuable it is because more minerals were used to make old coins.
Risk of collecting • So there are some risk of collecting, for example • If there is too much of an emotional connection with a certain item it could affect what you pay, to what the actual value of the item is. • Also some items may diminish in price such as the value of rare baseball cards.
Review • So collecting in certain items can be very, very profitable, but if you choose an item as an investment remember not to have too much emotional attachment to certain items or profits may be ruined • Also collectibles such as coins and stamps have not seemed to diminish in value so maybe you should look into that • And finally be careful profiting from collectibles falls very heavily on supply and demand so if you lose a demand in your item, expect the value of the item to go down as well.
Shoutouts • www.google.com/images • jksophie.hubpages.com • http://en.wikipedia.org/wiki/Collectable