Invest in a Hobby: Profitable Collections
Spare time and money? Take on a hobby. Hobbies aren't just to keep you out of trouble and to fill your spare time; they can make for a future investment, too.
By spending your time collecting rare coins and investing in rare stamps, one day, you or your family members will have a rather nice collection of rare items. By investing money into your hobby, you can find ways to best accentuate what you love in hopes that one day, you'll have something priceless on your hands.
You can start collecting coins at any age, date, or time. It's not only a fun hobby that allows you to see the changes in coins over time, but when you're able to lay your hands on a few antique coins, it's a hobby that has the potential to earn you money.
By investing in a few antique coins, you may be able to sit on them for years before re-selling them for double or triple your initial investment cost.
The problem with investing in coins, is the the price value for antique coins can vary per dealer. The grade of the coin is important when getting the coin appraised by a dealer; the higher the grade, more than likely the higher the value of the coin.
Most appraisers do not want to purchase your coins, so if you're looking for someone who can appraise your antique coin collection and possibly purchase them, look for a possible dealer, who can appraise and may purchase the coins.
When you are able to get your hands on a rare, antique coin, you hold a piece of history in your hands- this is why some (very few but some) coins can be valued up to $1 million.
If you think that this is the hobby for you, I'd recommend start collecting coins today, even if it's just an American penny; you never know what that 2008 penny will be worth in 100 years. And, in that case, you may not be alive to see the value of the coin, but a family will surely be available to have the coin appraised.
Another interesting, but popular hobby is stamp collecting. It's rather simple in the context that you can purchase a few limited edition stamps from your post office here and there, and sit on them. Well, of course not literally, but by nicely storing them in an official stamp collecting book.
The value of collecting stamps starts cheap, with you saving stamps from envelopes or purchasing a small sheet of the limited edition Disney stamps from the post office. Or, you can start big, and invest in more rare, antique stamps.
You're best best is to save stamps in the best possible condition that you can and to save them in multiples because pairs, triples, and multiple stamps of the same design, can be rare when they are 10 to 15 years old or older.
In order to keep your stamps in the ideal condition, you want to preserve them in glassine envelopes, stock cards or special albums, away from heat, humidity, and light. Avoid touching the stamps with your fingers as much as possible because you want to avoid getting excess oils on the stamps; most stamp collectors use tweezers to move their stamps and to put them in place.
Stamps may not be the best investment as a hobby, but when you're able to sale that 42 cent stamp for $5.00, you've made a profit of 4.58, and that was just for saving one stamp. Imagine if you had saved an entire book of the same stamp, and sold them to a collector 50 years down the road. Now, that's an investment.
Stamps can vary in value from $1 to over $10 or more.
Profitable Hobbies and Collections
If you're not interested in collecting coins or stamps, there are other hobbies that can be profitable. Remember that you can collect anything, but the value of any collection will vary depending on the person. You could spend thousands on a collection, that never is worth anything but the money you invested in the collection from the start.
Personally, I find that the value of any collection is always worth more to the collector than to any buyer or market value. It's up to you to decide at which price to sale or to even sale at all.
You may consider investing in collecting:
- Hot wheels
- Model Cars
- Glass figurines
- Porcelain dolls
- Company products and advertisments (Coca-Cola, Pepsi, etc.)
- Pez dispensers
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