The Five Golden Rules of Investing in Collectibles
He goes on to share his five "secrets to making money' from your stamp.coin, art, comic book or any other collection you might have.
#1 - Rarity
Hall recommends, "Only invest in collectibles where there are a small number of surviving examples or in unique pieces.Limited supply is the biggest factor in driving price increases. Simple fact is you only need two people bidding on a unique item at auction for the price to go up!"
#2 - Condition
"Aim to purchase the best quality examples of rare items in existence. At the least, focus on better than average quality examples.From my experience, premium quality examples regularly sell at auction way above estimates, thus increasing your chances of premium returns," Hall suggests.
#3 - Authenticity
"To enhance investment returns," Hall points out, "always seek to buy items with a well-documented history and provenance." In other words, get a certificates of authenticity for valuable items from the Philatelic Foundation.
#4 - Liquidity
According to Hall, "The important thing is to invest in areas where there are a healthy number of potentially interested collectors. This will help ensure you can exit quickly when the time comes to realise your investment returns."
#5 - Price
Buy low, sell sell high.
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