Perhaps, opening a savings account is ideal for some, but other people prefer to take a little more risk for higher returns. This doesn’t mean joining a gambling club–a choice for others, but not something that this article recommends, at least not today. There are uncountable ways to invest that extra cash lying in your account.
For one, you can build a collection of collectibles, which you can later sell. Are you still wondering how this is possible? This article shows you a list of the most lucrative items like collectible gold coins, vintage wine, old electronics in which you can invest.. One thing to note, however, is that this is a long-term idea, and it might take years before you reap the benefits.
What Are Collectibles?
A collectible can be described as an item that is worth more than its original price. This change value is usually attributed to the item’s rarity in the market. They come in all shapes and sizes, making them unique from other things in the same category.
Everyone has a motive when creating their collection. Some keep a set of collectibles because they cherish them. Other people are motivated by the idea that their value may increase with time. Of course, this is a gamble, but one that is worth taking.
Although some can change quickly, there are those that will always keep increasing in value for years to come. The most famous examples here include wine, stamps, and jewelry.
Ever heard of the phrase “old is gold”? Well, these three words are an accurate description of wine kept for years. It always gets better and sweeter with age. As you enjoy your glass of wine, don’t think of it as just a drink. Decades from now, that flavor will be extinct as new ones are discovered.
Apart from scarcity, quality also tends to increase with time. However, not all wines become more valuable as they age, thus you have to monitor their aging potential and determine the stage of maturity. Of course, this is usually done by carrying out tests. So, as you can see, it is not a straightforward business, but you can make profits when selling your collectibles.
2. Collectible Coins
Inasmuch as this can be a lucrative investment, you cannot afford to dive right into it without thorough research. Get to know all the options you have, as well as the graders assessing the coins and the best dealers in the market. Experts in this field refer to the value of collectible coins as numismatic.
If you are looking to invest here, you can buy these items at a reputable seller. Once the value has been determined, the experts assign a corresponding numeric grade between one and 70. Mind you, even a difference of one number can translate to thousands of dollars.
3. Old Electronics
Do you still have your first-ever cell phone? What about a CRT TV or an old computer? Well, hold on to those items because they are gradually becoming a treasure. The most valuable electronics are the first of their kind—for instance, SH-100 Samsung or Apple 1.
In fact, a 2013 auction in Germany saw a 1976 Apple Computer go for $671, 400. Vintage electronics are becoming hotcakes, not because of their functionality, but because of the history they hold in the world of technology. There are several dealers around the globe selling these items, and you can take advantage of such an opportunity.
4. Dolls And Toys
If you can get your hands on some of the best 20th-century toys, then, you have an investment opportunity right there. You must have heard or seen rare Furbies or Pokemon cards go for huge prices.
Creating the right collection of these toys can be a hassle, but that will definitely reward handsomely.
5. Sports Memorabilia
Do you have some signed t-shirts or Superbowl balls in your possession? Well, these items can be very rewarding if you find the right market. You can as well buy and create your collection as an investment.
However, fake signatures have undermined this business. But, fret not–just make sure to take a photo with your sports hero after an autograph to prove its authenticity.
Whether or not you are a risk-taker, there is surely an investment option for you. If you choose collectibles, make sure you do your research thoroughly. Although this market pays, you can end up collecting valueless items if you’re not careful. Go with something which will appreciate with time, from coins to vintage electronics.