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Collectibles as investments
Posted on 7/4/14 at 12:05 pm
Posted on 7/4/14 at 12:05 pm
What does the money board collect and do you see them as investment's only or fun ways to spend money that may also give you a return or at least hold it's value?
I have a few cars, vintage watches, and many guns. I figure I win two ways...I can enjoy them now and I can at least maintain their value if not grow it. I've dabbled in art, but don't know enough about it. Any money board members into art? Would like to learn more about it, but not many fine art collectors in south Arkansas.
Have no interest in coins or stamps, but do also have antique fishing and hunting equipment.
Any ideas? Tips or advice?
I have a few cars, vintage watches, and many guns. I figure I win two ways...I can enjoy them now and I can at least maintain their value if not grow it. I've dabbled in art, but don't know enough about it. Any money board members into art? Would like to learn more about it, but not many fine art collectors in south Arkansas.
Have no interest in coins or stamps, but do also have antique fishing and hunting equipment. Any ideas? Tips or advice?
11
Posted on 7/4/14 at 12:27 pm to SmackoverHawg
quote:
What does the money board collect and do you see them as investment's
Dollars. I collect dollars. Every one has a unique serial number, so they're very rare.
I'm trying to collect them all.
In seriousness, I don't view most collectibles as investments. They're cool to have and if they make you happy, go for it. I'd never buy something like that as a stockpile of wealth or an investment, though. That's just me.
This post was edited on 7/4/14 at 12:38 pm
Posted on 7/4/14 at 1:11 pm to SmackoverHawg
I have some art, I buy stuff I like that might and might not old value.
Older high end used guns with pedigree names hold value well and are designed to last for generations....
Older high end used guns with pedigree names hold value well and are designed to last for generations....
Posted on 7/4/14 at 8:56 pm to SmackoverHawg
Collect something you have an interest in. You may have to hang onto something for awhile.
Posted on 7/4/14 at 9:36 pm to jmarto1
I have a shite ton of comic books and baseball cards from when I was young. 99.5% of the baseball cards I can probably set a match to, some of the comics are pretty valuable.
Posted on 7/5/14 at 4:07 pm to SmackoverHawg
I've got about 2,000 baseball cards from the 40s, 50s and 60s. They shall go to my grandson when I pass.
Posted on 7/5/14 at 5:24 pm to SmackoverHawg
I've yet to see a collectible market that doesn't have tremendous bubble and burst cycles. That Nolan Ryan rookie card that used to be worth $2k? Easily had for $300 on eBay right now. That vintage Rolex that sold for $40k at auction this year? Sold for $10k a few years ago. It gets especially scary as the money goes up - cars and art fluctuate lock-step with the economy. My dream of one day owning a 1950's Ferrari seemed nearly realistic a few years ago - not anymore, unless there's another crash. That said, Rolex sport models have narrowly outpaced the rate of inflation for pretty much the past 40 years.
Posted on 7/5/14 at 9:40 pm to GaryMyMan
I collect guitars, guns, and land. While land isn't a collectible I find it's hard to have enough of it. The guitars are likely my favorite collectible.
Posted on 7/6/14 at 12:18 am to GaryMyMan
quote:
I've yet to see a collectible market that doesn't have tremendous bubble and burst cycles. That Nolan Ryan rookie card that used to be worth $2k? Easily had for $300 on eBay right now. That vintage Rolex that sold for $40k at auction this year? Sold for $10k a few years ago. It gets especially scary as the money goes up - cars and art fluctuate lock-step with the economy. My dream of one day owning a 1950's Ferrari seemed nearly realistic a few years ago - not anymore, unless there's another crash. That said, Rolex sport models have narrowly outpaced the rate of inflation for pretty much the past 40 years.
Not really looking for a great return. Looking at things I can enjoy now and perhaps recoup most of my principal if not more down the line. Just figure instead of buying new shite that's gonna depreciate rapidly. Buy cool old shite, enjoy it and get my money back if not some. And yes, to the poster above, I collect land too. I can hunt on it, maybe fish on it, improve it, ride atv's etc. And still maintain my wealth.
I guess what triggered my question was my dad saying I need to be saving more instead of spending it on toys and shite. I think he fails to realize how much wealth my "toys" are worth. And I like to tinker on the cars. Get decent ones and make them better. I do have my share of sports memorabilia too. Still have it from 20 years ago. I'm gonna leave my grandkids some cool arse shite.
Posted on 7/6/14 at 9:10 am to SmackoverHawg
quote:
I think he fails to realize how much wealth my "toys" are worth
They aren't worth anything unless you're willing to sell them.
I'm not qualified to say whether what you like to collect will provide a decent return on investment, but my guess is that this isn't your primary interest anyway. That's fine, just be aware of your motives and goals so that you don't look back and wish you'd invested more.
Posted on 7/7/14 at 10:02 am to TigerstuckinMS
quote:I once asked my Grandfather what he likes to invest in. He told my he had all his money tied up in hundred dollar bills.
Dollars. I collect dollars. Every one has a unique serial number, so they're very rare.
I you have the wherewithal, I'd seek out an up-and-coming artist and start collecting his stuff while he's still starving. The art market has gone crazy - or so it seems. But I don't think you can become an expert by this time next week. Here's a video on the hoity-toity market that you and I can only dream about: Video
This post was edited on 7/7/14 at 10:12 am
Posted on 7/7/14 at 10:55 am to SmackoverHawg
I collect coins. Old coins can be very fun to collect and admire.
Posted on 7/7/14 at 1:53 pm to SmackoverHawg
I collect Graded Morgan and Peace Silver dollars because I am fascinated by old silver dollars. The graded coins are an investment. I also collect/hoard gold/silver eagles/bars/rounds as another wa to diversify and protect my wealth.
Posted on 7/7/14 at 2:36 pm to ThatsAFactJack
I buy and sell vintage action figures from the 1970s and 1980s. I generally buy them in lots, and sell them individually. My annual sales are about $40K, and my profit is generally about half of sales.
The key to making money in the market is rapid turnover. What is a steal today, may be too much tomorrow. It is important to buy low and sell high. You never want to get that part backwards.
The key to making money in the market is rapid turnover. What is a steal today, may be too much tomorrow. It is important to buy low and sell high. You never want to get that part backwards.
Posted on 7/7/14 at 2:36 pm to SmackoverHawg
Putting on my Dr. Sigmeund Freud hat, I would guess that most of the time when people talk about the value of their collectibles they're really trying to justify spending the money on things they want to buy anyway. It's one thing to say I spent $50,000 on this 2'x3' thing that hangs on my wall and I like to look at; sounds much better to say I spent $50,000 and now it's worth $60,000. If you're really looking to make $ on collectibles you have to be cutthroat about it and not be afraid to sell when the market is high, and at some point you stop being a collector and start being a dealer.
Anyway one day I guess I will 'inherit' my mom's 200 or so beanie babies (estimating). She like 'em though so who am I to judge. 
Anyway one day I guess I will 'inherit' my mom's 200 or so beanie babies (estimating).
She like 'em though so who am I to judge. Posted on 7/7/14 at 5:12 pm to SmackoverHawg
Net capital gains from the sale of collectibles are taxed at 28% instead of lower rates available for net long-term capital gains. Keep that in mind when thinking of collectibles as investments. The main purpose of collectibles should be personal enjoyment.
Posted on 7/7/14 at 8:44 pm to Poodlebrain
quote:
Net capital gains from the sale of collectibles are taxed at 28% instead of lower rates available for net long-term capital gains. Keep that in mind when thinking of collectibles as investments. The main purpose of collectibles should be personal enjoyment.
In the arena of collectables being discussed here, coins, guns, a classic car, I would be surprised if a dime of income is ever reported, the black market nature of collectables can be a big part of the attraction, being able to make some money on the said and pocket all of it.
Posted on 7/7/14 at 9:04 pm to EA6B
Correct: Uncle Sugar has no idea what I have found and invested in and my heirs (or their heirs, etc.) will have to figure out a way to liquidate some arcane but valuable stuff eventually. Or pay taxes on it. Not my problem. It will be cool for them though.
Posted on 7/7/14 at 10:29 pm to SmackoverHawg
1. Pokemon cards
2. State quarters
2. State quarters
Posted on 7/9/14 at 7:06 am to olemissfan26
I think it's a great way to minimize your losses. You should be replacing your 401k with it but if you are buying these things over new electronics and other things that instantly depreciate then it's much bettyer
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