Tuesday, June 30, 2009

Organizing Collectibles

We love collecting things. For some it is a hobby, for some a passion and for others an obsession. Perhaps we simply love those things or we possibly think that one day they will be so valuable that we can sell them and send a kid to college or retire early.

Problems in collecting can occur, however, when you no longer have space for the collections. If you are collecting simply for the enjoyment these things bring, then you should display them so they can be enjoyed. Storing them in a box in a closet or the attic is not enjoying them. If they are seasonal items, then rotate the items when appropriate. If you simply do not have the space to enjoy them, then consider choosing the most special items to display and find another home for those remaining.

Some options for a new home might be family members or friends that appreciate the items and would display them. You could also sell the items to someone who respects their value and is willing to pay you for the privilege of owning them.

If you are collecting for a future return on your investment, then be sure to keep an accurate inventory of the items, consider insuring them and monitor their value on a regular basis. You just might be able to send that kid to Harvard one day.

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