5 types of collectibles that appreciate with time
Most objects typically depreciate from the moment they are taken out of the store. A few examples include electronics, home appliances, and automobiles. However, in certain situations, objects might see an appreciation in value, especially in the case of collectibles. But, many individuals may be unaware that an object they own falls under this category. Therefore, if one is unsure, here are five collectibles that may appreciate in value with time.
Coins
Coin collectors usually immerse themselves in examination, research, and the collection of rare coins from different currencies. While the country’s mint may release commemorative coins occasionally, collectors tend to also wait for coins that are printed accidentally or for a limited period since these are rare. A good collection could be worth a lot over time. For example, the most expensive rare coin sold for over $18 million at an auction.
Classic cars
The age and model of a car determine if it can be considered a classic. These can also be seen at car shows and are sometimes sold at auctions. Some classic cars have sold for as much as $18 million. A vintage car is typically not driven much, and it will require immense maintenance and upkeep because of its age.
Jewelry
While not all jewelry can be classified as collectibles, vintage pieces and jewelry made with rare and/or extremely expensive metals and precious stones tend to be categorized as such. Some of the most expensive jewelry has sold for over $200 million at auctions. It is the materials used to make the jewelry and its scarcity which contributes to its value.
Baseball cards
People collect baseball cards cause of their monetary and sentimental persona. The value is determined by a card’s scarcity and print variations. One example of its potential price is a Mickey Mantle baseball card that sold for over $12 million.
Art
Many collectors love investing in and buying antique art pieces such as paintings, artifacts, furniture, and sculptures. Most collectors attend museums, auctions, or galleries to find the pieces that interest them. One popular sale was of the Leonardo da Vinci painting, “Salvator Mundi,” which went for about $450 million in recent times.
