Collecting is seen as a hobby, a passion, and by some, an expensive addiction. However, some collecting might be worth the clutter in the basement or the garage, despite what your partner says. Though not all hoarding is healthy, collecting items for potential resale down the road can be a fun and profit-making hobby business.
Here are some collectibles that have actually seen a great return in the past and might be worth the time, effort, and financial investment that it takes to run a valuable collection.
Model cars are no toys, any serious collector will tell you that. It takes a lot of skill to reproduce car models with such detail. The great things about collecting cars is that it satiates the need to have multiple cars that you like and appreciate, without the price tag of actually buying the real thing and worrying about upkeep and storage. If you are serious about collecting, you’re going to have to search for cars that are limited edition and either buy them hoping that you can make a profit when you resell, or else buy them in decent condition and fix them up yourself if you can. Find great deals for NASCAR Diecast 1/24 in Racing Cars and put together a collection that will be greater than the sum of its parts.
This might be a bit more in tune with the current wave of sneakerhead millennials looking to invest their disposable income in a way that makes sense for them. Sneaker companies, in addition to making shoes that are for the average consumer, make high-end limited edition shoes with different collaborators. When these originally “drop”, people stand in lines to get them at the select locations they are available in. Otherwise, you’re going to have to try to find a pair online, and the price will reflect the fact that it’s a resale; it will be significantly marked up. You can be the person who makes that extra money, simply for buying the shoes and selling them almost immediately online. Otherwise, you can collect them, preferably unworn, until you are ready to sell them and you see that they are more rare than before.
The thing about sport cards like baseball cards or hockey cards, is that there is more value when you have an entire year’s edition or entire team. It’s a true example of what a successful collection should be: the full array of the available options that creates one complete set. These are also fun to collect because you can always be on the hunt for the card you are looking for, meaning that the “game” is always on and you find intense satisfaction the closer you get to your goal.
Coins don’t go bad or out of style, so there’s never much to lose when investing into building a coin collection. There are many interesting limited edition coins that come out all the time to help celebrate important events like centennials, Olympics, a hero being honoured, or more. Some of these coins come out in precious metals like gold or silver, giving them even more value that just the idea behind the coin itself. It’s an interesting way to learn history and culture, and due to the popularity of this collectible, has a large market for reselling when the time comes.
Though having a collection is a great hobby, not every collection or collectible is really worth much more than the pleasure that it gives the collector. However, if you are looking for a type of collection that could also possibly give you financial gain in the future, turn to either diecast cars, sneakers, sports cards, or coins. They are not expensive to get involved with but, with diligent work, you can grow it into a successful collection that you can later trade in for a tidy sum of money, making a return on your initial investment.