Some of the gifts you receive this holiday season may seem inexpensive, but that doesn't mean they will not be incredibly valuable one day. In fact you might just have something valuable kicking around in the back corner of that old childhood closet.
Do you happen to own the first Superman comic book from the 1950s? It sold for 35c back then, but today is worth over $300,000. How about a 1943 penny made of solid copper? Today that one cent piece is worth well over $100,000.
Were you an early rocker? A signed copy of John Lennon and Yoko Ono's Double Fantasy is now worth $120,000. Or perhaps you are a baseball card collector? Pull out that shoebox from 2006. The minor league card for Alex Gordon that year is trading for over $7,000 currently.
Chip Cutter and Kristen Girard who usually follow the performance of the S&P 500 by industry took time this Thanksgiving season to remind us that "building a collection of stuff may seem like a waste of cash, but if you happen to buy things that appreciate over time, you can actually make money."
Happy Hunting...
Friday, November 27, 2009
Appreciating Collectables
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GNE,
ReplyDeleteDo you think the Dubai loan problem will trigger another world wide financial crisis?
Anonymous,
ReplyDeleteIt is doubtful and it is more likely that a holiday retail season that is off to a great start will push the Dubai debacle to the backseat.
Unless I am missing something, bad Dubai debt is limited to several large banks, nowhere near the reach of the worldwide credit "freeze" last Oct.
Happy Thanksgiving, GNE!
ReplyDelete-Rof
Rof,
ReplyDeleteGreat to hear from you. Happy Thanksgiving to you too!