10 highly lucrative collectibles
If you want to make money off your hobby, here are some things you might try collecting.
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However don't forget the 13% commission it costs to sell there. 10% to eBay and another 3% to PayPal (which is conveniently owned by eBay).
Example in point. The seller of that Railroad lantern was further ahead to accept the $10K off-eBay offer than to say "let's try eBay" and get $11,211. Not only does he get LESS after commissions, he may also get a nice surprise from PayPal in the form of a 1099K statement as reported income.
Just because something is old does not make it valuable. I scour the auction, flea market, yard sale and thrift stores for items to resell. My "best" resale - purchased a box of comics at an auction for $1.00 each - inside were 1st and 2nd issues of The Walking Dead comics, Oct 2003, 10 issues of each, graded at 8.5 or better. Total purchase price $20.00 - sold 1 held on to the rest, BTW SOLD FOR $1450.00
I do get a lot of "this is really old, is it worth anything?", more often the not the answer is "not really". Unfortunately with the "reality" shows, Pawn Stars, Storage Wars, American Pickers... people think what old Aunt Mimmie owned is really valuable - like everything else on TV it is made for entertainment and more often then not, what they say the can sell something for and what is actually sells for is something else. Ebay is another animal, people tell me "I saw ...., on ebay and it was selling for $200, I'll sell it to you for $100". I use the example of a sheet of paper, if I put it on ebay for $10, it does not mean I will sell it for $10 and a ream of paper is not worth $500. To determine the value never check what things are selling for, check what they sold for and remember that what something sold for is just a snap shot in time and may not be the true value of an item, it may just be the value to someone who wanted it really bad at that moment. I gave rocking horse banks to my daughters and purchase the same banks for my grandchildren, are they worth what I paid for them, to someone else I paid to much, but I wanted them.
They treat their sellers like dirt.
If you ever have an issue, and call customer service, chances are they will flat out lie to you about what they are going to do to help you.
When you try to follow up with a promise some customer service rep said they would do, you will never be able to speak to the same one twice. If you call them enough and get upset, they will do their best to get you kicked off or suspended and make you grovel to be let back on with probation. If buyers give you low ratings (which is kept private from the seller) then eBay may decide to hold your paypal funds for 3 weeks while you are on some sort of probation.
They have ruined my life a few times, since I was relying on sales through them to pay my bills when I was between jobs.
If there was a decent competitor , I would sell there immediately .
I hope the CEO (the 3rd highest paid on the planet) rots in hell for the way his policies hurt 'the little people'.
"This bed goes back to Louis the sixteenth!"
"Awe, that's nothing, we had a bed that went back to Montgomery Wards on the eleventh".
Three Stooges, circa 1930.
How'r those Beanie Babies doing?
I collect coffee-brewing devices. Dripolators, moka pots, percolators, pour-overs...I have about 30. And I use them. I don't collect them because of some misguided idea they'll be worth something someday. I know they won't. I collect them because I love *good* coffee, and I use them. It's gotten to where I can't stomach store-bought swill anymore. I had a fairly impressive coin collection once, but I passed that on to my oldest grandson.
I collect for personal pleasure, not greed.
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You can give your car the care it needs without draining your bank account if you follow this advice.