Every man needs a hobby, and there may be few more enjoyable and lucrative than collectibles.
Collectables cover a wide range of objects, from stamps to football cards, so there is bound to be something that even the most hard-to-please man can start collecting, without having to spend a fortune.
Why collect at all?
Most people spend their disposable income on everyday items that are desirable at the time but fail to hold their value and are soon of little interest.
Collectables are rather different. Some people like to collect things for the objects’ own sake, because they appreciate the work that has gone into them, because they represent a lost art, or simply because they like the look of them.
But some other people also have an eye for how much particular collectables will be worth, seeing them as a better, more reliable investment opportunity than stocks and shares, and so dedicate their spare cash to increase their collection.
So what types of collectables appreciate rather than depreciate in value?
The vintage wine has become an increasingly popular type of collectable among savvy investors. This is wine bought not to drink, but to lie on a shelf or in a wine cellar until the owner decides to sell it for a profit to another collector. The drawback of wine collecting on this scale, however, does mean a significant initial cash investment.
Fortunately, smaller collectables are much more affordable – some of them are even free. Take the free commemorative medals that were offered to memorialise the 75th anniversary of the Battle of Britain.
A limited number of these – 250,000 – were produced and given away for free, but due to the relatively low number produced, over time these will become valuable.
Rarity always increases demand, and demand always pushes the price up.
Vinyl is another collectable that has risen hugely in terms of popularity over the last few years. Vintage record albums with their distinctive artwork are in huge demand by collectors, with some of the rarest examples worth hundreds, perhaps even thousands of pounds.
Those record albums that have ‘extras’, such as unusual packaging, limited edition photographs or accompanying posters are particularly sought after. But a record is pretty useless without a turntable to play it on, so vintage turntables are also in demand, especially by the young generation who want to hear music with all the scratches in place.
Maps are another collectable that increases their value over time. This is partly due to the precautions necessary to keep them in good condition, but also because they make good decorative items.
Some of the most valuable maps are naturally the oldest, such as those that feature strange animals and bear the legend ‘Here be dragons’. Maps also have a good resale value as many companies rely on original maps to make their reproductions.
Collectables should not be viewed simply as a hoarder’s delight, but rather as an unusual – and more importantly – valuable investment opportunity, which could one day be passed on to the next generation.
Ricky Willis is the original Skint Dad. A money-making enthusiast, father, and husband to Naomi. He is always looking for unique ways to earn a little extra.