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Originally Posted by jackfaire
So thoughts? Opinions? At what point is the profit margin too low to make it worth selling? Is there a threshold for selling old collectibles?
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I think it depends on where you're comfortable selling them. I mean, at what price would you gladly part with the item(s)? Most of you know that I'm heavily into building models. I have no idea how many cars I have right now, but I'm sure it's into the hundreds. Would I part with them cheaply? Considering that most of what I have were hard-to-find, and long out of production, probably not. For example, I have a 1/12 scale 1930s Bentley by MPC. While it has been reissued many times under the Airfix, MPC, and AMT labels, you don't see them very often. Not that I'd sell mine--it took nearly 30 years to find! Even so, I could have easily flipped it for multiple times over what I paid for it.
Along those lines, I "inherited" my dad's stamp collection. Actually, I seized it as to what I was owed after he walked out on my mom 2.5 years ago--He'd borrowed a few thousand bucks while he was unemployed and refused to repay the loan. His entire collection consisted of mint (unused) stamps. These were carefully kept in a large album over the years. Also with the collection, were several blocks, plate blocks, sheets, and other items. I've actually thought about selling the extras as a way towards funding various hobby projects. While it would be easier to sell the duplicate items as a lot, they'd be worth more individually. But, it would take a long time to shift them. So for now, they're in storage.