6 Collectibles That Increase in Value
A key reason to invest hard-earned money is to ensure monetary protection in the future, say when one needs funds to finance a huge purchase or just keep up with inflation. Investment is usually in the form of financial instruments like stocks, bonds, or dividends. However, in addition to these options, one can consider investing in collectibles. But, to get started, one must choose items that can are bound to increase in value.
Jewelry
For centuries, people have invested in beautiful pieces of jewelry to not just wear them or put them on display but also maintain them for future use. Gold and diamonds are the most in-demand jewelry, as their scarcity contributes to their high value. In addition to jewelry pieces like bracelets, rings, necklaces, and brooches, one can also choose watches as collectibles. In most cases, top-notch watches have complex mechanisms or designs, requiring incredible skill to be crafted with perfection. Although one can hand the collectibles down from one generation to another. Rare pieces can also be sold in auctions for millions of dollars. If this sounds interesting, one can consider buying rare or valuable jewelry as a form of investment. But while purchasing them, one must keep in mind that jewelry is a collectible highly prone to theft. So, one should get such rare pieces insured and keep them in a safe place, like bank lockers or safes.
Postage stamps
One of the most common types of collectibles is stamps. Here, the initial investment cost for such items is incredibly low. But, they are released in small batches, making them rare and increasing their value over time. However, postage stamps will appreciate in value only if they are not discontinued and are maintained in mint condition. Further, one must also note that collecting stamps from all over the world can require a lot of money in the long run. So, it is best to focus on specific themes or countries to make the most of building a good collection. For example, one can only find 27 Mauritius postage stamps today, out of which one was sold for $12,760,600 in 2021.
Rare coins
The collection of currency, also known as numismatics, requires a great deal of research and examination. This is because the coins that have been out of circulation or rare ones with historical connections are more valuable than others. For instance, the first coin minted by the government, called the Flowing Hair silver dollar of 1794, earned a seller over $10 million at an auction. Additionally, one can keep an eye out for coins that contain some kind of minting error. However, it is important to preserve the coins and keep them in perfect condition to get a good amount for them if sold in the future. If one is just starting a collection and is unable to find coins with historical value, one can try to find coins minted in limited amounts that may increase in value.
Vinyl records
One of the collectibles that can actually increase in value is vinyl records. Although records were gradually replaced by cassettes, CDs, and MP3s, today, thanks to their superior sound quality, vinyl records have made a comeback. So, one can either try sifting through their previous vinyl records collection or consider investing in new ones, especially limited edition pieces. However, buying and maintaining them are two different things. While one may have the resources to buy vinyl records that are bound to become valuable in the future, it is important to preserve them by getting plastic vinyl sleeves and other products that protect them from damage. Moreover, a record player can also become a valuable collectible item. So, one should take all the necessary precautions and ensure that these collectibles are kept from harm.
Sneakers
Recently, one may have observed another product with an increasing value—sneakers. While some people buy shoes to wear them, others consider sneakers a form of investment. Brand-new sneakers are sold by certain buyers in resale markets as trading items whose value increases with time. But not every pair of sneakers makes the cut. When one is using sneakers as a collectible item, they must ensure the shoes are not worn and focus on buying limited edition sneakers that can go off the market in a jiffy. Some examples of sneaker brands that are actively pursued by both collectors and consumers are Air Jordans, Nike, and Adidas. These brands and their sneakers are quite popular. But to get the best deal, one must not sell them quickly, and instead, hold on to the item until the prices soar to earn more.
Art pieces
Antique art, such as sculptures, paintings, and even pieces of furniture, can be considered items that attract a lot of buyers and collectors. Today, the most common type of artwork collected is abstract pieces usually found in galleries, museums, and auctions. One of the main reasons behind their increasing value is that the pieces are usually one of a kind, making them rare and sought-after over time. Further, art pieces are not easy to buy and require one to conduct thorough research that may require a considerable amount of resources, including time and money. Nevertheless, the pieces can serve as decor and be placed around the house till one decides to sell them.
In addition to the above-mentioned collectibles that actually go up in value, one can invest in items such as cars, comics, board games, and maps. But while starting a collection is a great idea, one should pick items they like and enjoy so that one keeps investing. Additionally, one should learn how to care for collectibles and preserve them to make the most of their investment.
