Building a valuable collection is a science. You need the right display setup and maintenance routine to keep things in good condition. In addition, you should also be strategic about adding to your collection.
There are a few things to consider before buying a new collectible that will streamline your decision-making process. Before making a purchase, ask yourself these questions to save time, money, and energy.
Will the Item Grow in Value?
Some people start collections as a fun hobby. However, you must consider your inventory an investment if you want to be a big-time collector. Before finalizing the sale, ask yourself, “will this item get more valuable over time?”
Determining a collectible’s value might seem like a guessing game. However, factors like franchise success, demand, and mint condition can be good starting points. Do some digging to set yourself up for success.
Is the Retailer Reliable?
Advanced technology makes it easy for scam artists to produce realistic knockoffs. While a veteran collector might know better, new collectors are susceptible to traps. Only purchase from reliable retailers to avoid wasting money.
Comicbook stores, verified websites, and conventions are usually trustworthy sources. If you’re buying from a second-hand source, look for details that indicate authenticity. Low-quality items with missing parts are almost always fake.
Do You Have the Space for It?
Another thing to consider before buying a new collectible is space. You shouldn’t add to your collection if you don’t have room to store it properly. Make sure your display has enough space to accommodate your growing inventory.
If you lack enough square footage, you have a few options; adding more cases, shelves, and bins will give your more room to protect your items. You could also clean out your collection and get rid of any invaluable or damaged pieces.
Can My Budget Handle a New Purchase?
The most important thing to remember when expanding your collection is your budget. Making a strict spending plan will keep you from overspending. If you have room in your budget to make an extra purchase, you’re in the clear!
Your potential collectible needs to meet the above criteria before you even think about overspending. Otherwise, you’re putting yourself in a difficult situation for something that won’t add value to your inventory.
If you answered “yes” to all of these questions, congratulations! You’re ready to welcome a new addition. Following this process is a surefire way to grow your collection safely.