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One Year into Lego investing

Posted on 12/4/22 at 6:49 am
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132362 posts
Posted on 12/4/22 at 6:49 am
Almost a full year, sometime after Christmas last year. Granted, The value is only what someone is worth paying. I try to buy the lego sets when there is a sale at 30% off or better.

Posted by makersmark1
earth
Member since Oct 2011
15859 posts
Posted on 12/4/22 at 8:04 am to
quote:

Lego investing


It’s nice IF you can turn a profit on collectibles, but I don’t know if I would classify this as an “investment.”

If you enjoy LEGOs, having a collection is a source of joy.

Stepping on them, not so much.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132362 posts
Posted on 12/4/22 at 8:08 am to
Yeah, I think a better word would be flipping hence the reason I try to buy at 30+% percent off.

Not into lego, but there are ton of collectors out there.

quote:

Stepping on them, not so much.

This is a pain that cant be described.
Posted by Asharad
Tiamat
Member since Dec 2010
5702 posts
Posted on 12/4/22 at 8:10 am to
This reminds me of comic book collections in the 90s. Book prices doubled annually for a few years, but now they are worthless. It's only a good investment while the speculators are involved.
Posted by GatorH8r
Member since Aug 2019
140 posts
Posted on 12/4/22 at 9:01 am to
Strange but I was awarded a nice Lego collector set at my job quite a few years ago. I set it aside to build with my son when he got older.

A few years later I found that my son had dug into the set mainly for the figurines but I am sure other pieces are gone too. Today that set new is worth $900 and for me that sums up what being a dad is like. Not quite a Babe Ruth signed baseball but similar in some respects.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132362 posts
Posted on 12/4/22 at 9:29 am to
do you have a set #?
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33957 posts
Posted on 12/4/22 at 9:31 am to
Se boat here. Katrina wiped them out though
Posted by j1897
Member since Nov 2011
3568 posts
Posted on 12/4/22 at 10:30 am to
quote:

This reminds me of comic book collections in the 90s. Book prices doubled annually for a few years, but now they are worthless. It's only a good investment while the speculators are involved.


Bingo

LINK /
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167272 posts
Posted on 12/5/22 at 8:32 am to
quote:

Not into lego, but there are ton of collectors out there.




I have seen on social media people that build whole rooms for their legos or funko pop collections. To each their own and all of that but I can still think you are weird as shite and not a full-functioning adult.
Posted by Dandaman
Louisiana
Member since May 2017
705 posts
Posted on 12/5/22 at 1:46 pm to
When I was six, I put a lego into my dad's vise on his workbench and tried to smash it. The vise handle broke - he was pissed.
Posted by AndyJ
Member since Jul 2008
2755 posts
Posted on 12/5/22 at 3:04 pm to
I think I am a good dad. But sometimes my kids step on Legos and when they fuss, I don’t feel too bad. I feel really bad when I step on them though
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132362 posts
Posted on 12/5/22 at 6:39 pm to
quote:

I have seen on social media people that build whole rooms for their legos or funko pop collections

They are nerds.

quote:

can still think you are weird as shite and not a full-functioning adult.

I turn 25 in march
Posted by DaBeerz
Member since Sep 2004
16933 posts
Posted on 12/5/22 at 6:45 pm to
Aren’t they only worth anything if they are new in box? I bought the office set to keep in box, but am going to buy another one to build. Also want the home alone house
This post was edited on 12/5/22 at 6:45 pm
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132362 posts
Posted on 12/5/22 at 7:44 pm to
Yes, dont open them.

As of right now
quote:

LEGO 21330 Home Alone is a 3,955 piece Ideas set with 5 minifigs released in 2021. This Ideas set was designed and submitted by fan Alex Storozhuk. LEGO designers Antica Bracanov and Enrique Belmonte Beixe were responsible for transforming Alex’s vision into a physical set.

The current retail price is $299.99, however, the average sales listings on the secondary markets is closer to $313. The set is estimated to retire sometime within mid 2023. Once retired, the expected annual growth will be close to 6% after the second year, which will value the set between $355 and $376 shortly after it is retired.


The Minifigures are valued at $42.04
Posted by BeaumontBengal
Member since Feb 2005
2334 posts
Posted on 12/5/22 at 7:58 pm to
You need to think about selling and reinvesting the money put into retired sets after 1-2 years. For MOST sets, the value plateaus 2 or so years after they retire. There are exceptions of course. As time passes, there is also the risk of LEGO reissuing a very similar or even the exact same set as well. Rinse, repeat, turnover the sets every 2-3 years.
This post was edited on 12/5/22 at 8:01 pm
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65694 posts
Posted on 12/5/22 at 11:49 pm to
At your age, spend the same $300 on a third party certified US Coin and hold it for 40 years.

Here’s the valuation of a group of the same group of 87 different US certified coins over the past two-plus decades. $300 would buy one of the 87 coins in the index.



Here’s a link to that particular site with more details

US Coin Values Advisor Link

Note: I have not dealt with this company. I am not specifically recommending them. You may lose money in investing in US Coins. I can personally say I have not lost money over the 45 years I have collected coins because I still own all of them. And today they are all more valuable than whatever I originally paid for them.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
2660 posts
Posted on 12/6/22 at 11:14 am to
(no message)
This post was edited on 9/13/23 at 1:03 pm
Posted by BeaumontBengal
Member since Feb 2005
2334 posts
Posted on 12/6/22 at 11:42 am to
I will also add, the money is made at time of the purchase. For example, Harry Potter Hogwarts Express 75955 was sold for $40 by Walmart and Amazon during Black Friday this year. Retail price is $80 and the set retires at the end of this year. Say set appreciates only 50% in a year. Sell for $120 next Christmas. Your $40 purchase gets you over $80 after you pay any selling fees on eBay and ship the item. You will keep more if you can sell it locally on Facebook marketplace. Buy 25 of those sets for $1000 and have $2000 next Christmas. Buy $2000 worth of another great set next year at significant discount and repeat.

There is the problem of storage once a significant volume of sets are accumulated. There’s no way to avoid that.
This post was edited on 12/6/22 at 12:06 pm
Posted by SkinnyTestaverde
Fort Lauderdale
Member since Dec 2009
401 posts
Posted on 12/6/22 at 1:36 pm to
Up about 70% on my two barracuda bay sets from earlier this year.

Best I e ever done is Simpson sets and the joker mansion although I’ll probably never sell the joker one. Christmas sets always do very well a year after retirement. From $100 to $200 every time

I generally only guy at a steep discount on offer up. There is definitely money to be made but like the previous poster said storage is a bitch
This post was edited on 12/6/22 at 1:39 pm
Posted by el Gaucho
He/They
Member since Dec 2010
53003 posts
Posted on 12/7/22 at 11:28 am to
quote:

I turn 25 in march

Bruh you’re like 60
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