Collections

April 28, 2016

Dear Friend,

Once again, I have a Biblical truth throbbing through my head about the true value of earthly possessions. In Matthew 6:20-21 Jesus says, “But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; for where your treasure is, there your heart will be also.” In modern days Jesus probably could have added, “Wake up and smell the coffee! When are you gonna realize those California Raisins and Tonka Trucks are not worth what ya’ think?!”

Through the years, we had been gifted several collectable items. Now that we are trying to downsize, we discovered that we had several collections that no one we knew really wanted. (Maybe we should have taken a hint.) These ranged from depression glass, stamps, and coins to old toys, antiques, etc. Several pawnshops and antique dealers later, we learned a few things.
The owner holds a much greater value on those “museum pieces” laying around the house.

If an item is worth something, sell it NOW. Don’t wait for the price to go up further, as it will most likely go down if you wait too long.

Example #1: United Nations Stamps. We were holding on to several thousand United Nations postage stamps. We were told the value was over $5000 when it was first purchased over fifty years ago. Upon researching, we discovered the only place they hold any value anymore is in the United Nations building in another state (New York?). It is not very likely we will ever use the stamps to mail a boatload of letters out of the United Nations Building. No one cares about them, nor even collects them any more. The cost to mail the stamps to someone would cost more than what they are worth. We were lucky that a dealer took the group for a couple of dollars as a novelty.

Example #2: Glassware. One dealer shared with us that after the stock market crashed in 2008, no one seemed to care about glassware anymore. The upcoming generation is not into collections, unlike all the previous generations. No one really entertains with fancy china and delicate glass serving dishes any more. It is easy to find $50-$100 bowls going for only a couple bucks now.

Generally pawnshops and stores will only give you 1/3 of the value, but at least it is gone.

Private collectors for coins, baseball cards, etc. only want to take the most valuable items from the collection and leave the rest for you to deal with.

It may be to your advantage if you to have an extremely large family of hoarders to offload your stuff on to (which was not the case for us obviously). Oh well.
This really makes me feel glad that I don’t have all my treasures wasting away here on earth.

Until we meet again,
Regina

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