Ever since I was a kid, I liked collecting things. I had a stamp collection, a coin collection, a Star Wars action figure collection, a collection of army toys, and even a soap collection. While my collections and taste for what I collect has evolved over time, I’ve realized that the doors to collecting opportunities have been flung open wide by the Internet.
And now, not only do I find that the internet can make my collecting affordable, but it can even at times, make it profitable.
An interest in history leads to collections
I’ve had a long-time interest in history. This interest has led me to learn about a variety of antiques and collectibles. In turn, I’ve paired this interest in objects from the past with my collecting hobby. From coins and books to paper money and home furnishings, my love for bygone eras has helped mold how my collections have evolved over the years. And with the advent of the internet, my ability not only to shop for additions to collections, but to learn more about the items I’m interested in through sites like eBay, AbeBooks, Coinflation, and more, and even resell items I no longer want has become much easier.
Tight quarters means constant downsizing of stuff
Since we live in a small condo, I don’t have a lot of room for my collections, thus the smaller objects that comprise many of my collectibles such as coins, paper money, and books. However, our tight quarters also means that I’m downsizing collections more regularly than I might were we living in a larger home, especially when it comes to bulkier buys such as furniture or books.
Being able to understand not just the value of my items, but what people are actually willing to pay (there is a difference) by way of online sale sites helps me take a more realistic approach when reselling my items. Such knowledge also makes the resale process more efficient since I’m not left overpricing my items when I put them up for sale or haul them over to the local resale or consignment shop.
Keeping the best, ditching the rest
As with many collectors, sometimes I make an errant buy or purchase something that I think is valuable but isn’t worth as much as I think or just doesn’t fit in with the rest of my collection. With the internet as a tool, I can sort my collections and be pickier about what I choose to add or keep. In essence, I’m able to keep the best and resell the rest, often at a profit. In this way, I not only better my collection but I earn the money to do so or at least earn back what I spent in order to purchase new additions.
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The author is not a licensed financial or collecting professional. This article is for informational purposes only and does not constitute advice of any kind. Any action taken by the reader due to the information provided in this article is solely at the reader’s discretion.