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How Much is My Collectible Worth?
By Wheeler | April 18, 2008
How much is my collectible _________ worth? Well, kind sir or madame, that largely depends upon a number of variables.
- How many of your exact collectible item were produced? If you have a rare 1903 Harley Davidson, I’d say that your chances of fetching a pretty penny are exceptionally high. Take that puppy to Arizona and get it on the Barrett-Jackson auction. On the other hand, if you have a not-so-rare 2005 Hyundai Elantra, I’d say you’d be lucky to even sell it. I know, it is kind of an apples to oranges comparison, but even a 2005 Harley would get you a much higher return. Point is, it comes down to how many of your item were produced, how many are still in circulation and how many people are searching for your certain item. From 1903 to 1905, only 11 Harley Davidson Motorcycles were built. Pretty much all of them were spoken for before the first bolt went in. I’m not sure how many Hyundai’s were built in 2005, but I would imagine that number to be in the millions. See the difference. How much your collectible is worth largely depends upon how rare it is.
- How many are still in existence. Of those 11 Harleys that were produced in the first three years, there may be a couple left. Those few remaining motorcycles are now priceless. If you have an authographed Beatles album from 1964 in mint condition, you’ve got a great chance to sell that puppy for high dollar. You see, that album was a consumable. People purchase albums to use them, to play and enjoy the fines melodies from their turntable. There were people, however, who purchased albums and never played them, taking the chance that one day that very album would be worth something.
- Finally, how many people are searching for the item that you have? If no one is searching for what you feel is highly collectible, then you don’t have anyone to buy it. I’ve got a ton of stuff that I’ve collected over the years that no one else on this earth would want to collect or have. It is said that there is a buyer for everything, it just may take awhile to find that buyer. If you are patient, you can certainly wait for a buyer at the price you wish to fetch.
Next time, I’ll give some tips and tricks on learning what your collectibles are worth. There are a few tricky ways to set your items at a certain price and attract buyers in short order.
Until then….
Topics: Coca-Cola, Coca-Cola Collectibles, Collectible Pricing, Collecting, collectibles |