QUESTION Vaulting Pins?
That’s something I hadn’t thought of either, and an interesting angle.One thing digital collectors are sometimes able to do is basically take out a loan against their collection. In some ways it lets them "sell" their collection to someone else but retain an option to buy it back (with interest) by a certain time or to walk away if they find they are fine without it (and then the loaner receives the collection free and clear). To do it with a pin collection you'd need some trusted third party intermediary to act as the vault, but could be kind of interesting especially if it's fairly common for someone to sell because they need money right now but then regret not having the collection later. Wonder how hard it would be to find someone/people interested in taking on the lending side of that.
(Come to think of it, I kind of described a pawn shop, haha, which I guess would work in a pinch, but I was thinking more specialized to pin collectors who understand and appreciate the value of the collection.)
I've never seen pins - or anything else I've collected in my life - as an investment that will rise in value. They're something I love as I collect them.Seems like a tough one — everyone may have different motives for leaving the hobby or getting rid of their pin collection, though I suspect a majority are getting out either out of necessity (needing the monetary value of their collection), or simply losing interest; in both cases, money seems like a driving factor.
The interesting thing about it, though, is is you "vault" it for a long enough period of time, some pins can rise in value, almost making it an investment....so if one is simply losing steam and is no longer interested, but may not need the money, it may be worth it for them to store the collection, step away for a few years, and see where things are at later on down the line.
Oh 100% — you generally have to sit on things for a long time, and even then it’s a crapshoot.I've never seen pins - or anything else I've collected in my life - as an investment that will rise in value. They're something I love as I collect them.
Maybe it's because by the time I'm ready to pare down any older collections of stuff, they've lost all monetary value I've put into them and I generally wind up just donating stuff to charity because by the time I'm ready to let go of them, they're not worth anything (see: action figures, beanies, and anything else I've collected previously lol).
So I never advise "investing" in any collection for anything beyond the love of them.
Or maybe I just make really bad choices in what to collect.
That is a very interesting thought. Solves some of the "I need money now" problem. Some great things to think about.One thing digital collectors are sometimes able to do is basically take out a loan against their collection. In some ways it lets them "sell" their collection to someone else but retain an option to buy it back (with interest) by a certain time or to walk away if they find they are fine without it (and then the loaner receives the collection free and clear). To do it with a pin collection you'd need some trusted third party intermediary to act as the vault, but could be kind of interesting especially if it's fairly common for someone to sell because they need money right now but then regret not having the collection later. Wonder how hard it would be to find someone/people interested in taking on the lending side of that.
(Come to think of it, I kind of described a pawn shop, haha, which I guess would work in a pinch, but I was thinking more specialized to pin collectors who understand and appreciate the value of the collection.)
Lol....I'm bad at deciding what to collect too. Pins that I think are going to be super popular but they never are. Then my son just picks one and it turns out to be one everyone is looking for.I've never seen pins - or anything else I've collected in my life - as an investment that will rise in value. They're something I love as I collect them.
Maybe it's because by the time I'm ready to pare down any older collections of stuff, they've lost all monetary value I've put into them and I generally wind up just donating stuff to charity because by the time I'm ready to let go of them, they're not worth anything (see: action figures, beanies, and anything else I've collected previously lol).
So I never advise "investing" in any collection for anything beyond the love of them.
Or maybe I just make really bad choices in what to collect.
It helps when you replace it with something you love more.I guess that I've lucked out in that I haven't regretted the pins that I sold when I took a break from collecting. I was able to use the money from the pins I sold to fund a new and continuing collection (art) and can't think of a single pin that I wish I still had.
Exactly this! Especially when you have a story attached to how you got it, or what made you fall in love with it, etc., that story attached to _your_ collectible makes it priceless so who cares what anyone else would value it at!I definitely feel like collecting should come from the love of the item.
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