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Do you have a collection? Many people do. Some of the most common collections include coins, stamps, dolls, stuffed animals, comic books, and trading cards. While popular items may have sentimental value for the owner, they often have little financial value. To make money, you’ll need to have unusual but valuable collections.
How to Determine How Much Your Collection Is Worth
One of the easiest ways to determine how much items in your collection are worth is to consult eBay. Look for items that are the same or similar to yours and search both for how much they’re listed and for how much they were sold.
If you’d like a professional evaluation of your item, you can send an image to a professional collector or store in your area and see how much they are willing to pay for it. You can also visit a reputable antique dealer to get an estimate.
Obtaining an estimate can help you both if you decide to sell the item and if you want to insure it for safekeeping.
Most Unusual but Valuable Collections
If you’re into collecting these items, you may have in your possession items that are worth hundreds or thousands of dollars.
Watches
Most people wouldn’t think to collect watches, but they are one of the unusual but valuable collections. Look for watches made by Rolex, Patek Philippe, Universal Geneve, or Enicar.
If you inherit a watch collection from your uncle, don’t immediately donate them to the nearest thrift store. Instead, use a site like Chrono24 or Watchrecon to determine the value of the watches.
Medals and Badges
Calling all history buffs! Collecting medals and badges can be fun and financially rewarding. Old military medals can be worth significant money, especially if the medals are from the Civil War. Even though Confederate medals are harder to find, Union medals are worth more.
Don’t forget old badges for policemen and firefighters as well as toy badges.
This is one field where reproductions are common, so you’ll want to check with an expert to determine if you have an original.
Legos
Who doesn’t love Legos? If you play with them, they aren’t worth as much unless you keep every piece and keep the box and directions in mint condition. Unopened boxes of Legos are even more valuable.
The most valuable Lego sets include any Star Wars sets, especially the large ones like the Star Wars Millennium Falcon. But don’t forget about the mini-figures. Those can also be worth some serious dough. Mr. Gold, a minifig that originally sold for $2.99 in blind bags in 2013, is valuable now in part because only 5,000 of them were made.
Final Thoughts
If you’re looking to begin a collection, consider some of these unusual but valuable collections. And if you’re inheriting a collection from your great uncle or aunt, don’t immediately donate what you receive. Take the time to determine if the collection is valuable. You may be pleasantly surprised.
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