Did you know that an original G.I. Joe action figure is worth upwards of $200,000? Or that a certain small Star Wars figurine can go for as much as $18,000? This is because collecting actions figures and other memorabilia isn’t just for kids: it’s a lucrative hobby that even adults can get in on.
Just like baseball cards in the late 20th century, memorabilia like that G.I. Joe and Star Wars character are worth so much because the are highly sought after items that people will pay good money for. And while those examples are a bit extreme, even a moderate collection can become a great investment if you do it right. Here are a few tips on creating a possibly valuable collection while having fun at the same time.
Collect What You Love
When you start out collecting, don’t try to predict what will be valuable in the future, or start collecting figures from a certain movie or cartoon just because others do. Find a genre or video game or film franchise that you love and start your collection there.
This is important because you will enjoy learning everything there is to know about the figure you collect. Soon, you will know what the most valuable pieces are in your genre, or the most unique, so you can snatch them up before someone else does.
If you like Pokemon, collect Pokemon; if you like Pixel Pals, then collect them; if Star Wars is your thing, then focus on that. Whatever you choose, if you already enjoy it, you will have much more fun collecting the memorabilia as well.
Show Them Off
You don’t want to buy memorabilia and then hide it away in the closet: you should want to display it so you can enjoy seeing your collection whenever you want. Build a shelf to show it off and you’ll enjoy it much more.
This leads to a big decision, though: do you leave them in the box or take them out? If you want to eventually get maximum money for your collection, then you probably want to keep them in the box. But if you enjoy holding them from time to time, there’s nothing wrong with opening them: it’s really up to you. If you do take it out of the box, do so carefully and still keep the box so you have the artwork when you finally sell the item.
Unless you happen to get involved with a freakish mania, like Beanie Babies in the 1990s, your collection won’t be worth much more than you paid for it for years.
This means that you should look at your collection like any other investment: put money in now to make more money later. The cool thing about memorabilia, though, is that you can enjoy it while it appreciates in value.
If you find the right collectables and take your time, your collection can be a valuable investment.