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Collectible News

• How to get the most for your collectibles

  NEW YORK Maybe running out of room to store that extensive collection of Star Wars action figures. Or maybe just ready to trade in your great grandmothers china for something a little more modern. Either way, its important to assess the real value of your collectibles before you put them on the market. step-by-step guide to selling your collectibles at a fair price

   

  1.Get some free advice. Many antiques and collectibles dealers are willing to authenticate pieces free of charge. Call a shop in your area to see if it offers this service. But resist the temptation to sell your valuables to the dealer without verifying the price they quote or you may not get the best deal.

   

  2.Consult price lists. To ascertain the real value of your item, Consumer Reports recommends visiting your local library and consulting collectible price guides, such as the Kovels Antiques & Collectibles Price Guide 2007 and Collectibles Price Guide 2007.

   

  Common Antiques Price Guide Mistakes

  You are always better using a specialized guide than a generic guide. For example a price guide listing all pottery made in the US will not be as accurate as a book listing only Fiesta dishes. Guides must have depth. There are a large number of small "pocket price guides" on the market. Most of these do not list variations. If you are researching prices on a collectible where variation affect the value, you must use a guide that lists these variations. I once bought a $1500 item for my collection from a dealer for $125 because the dealer was too cheap to buy a detailed price guide. Some yearly guides are updated by changing the values mathematically. These lazy publishers just multiply every price in the guide by 1.05 or some other number to get the new process. In any category of collectibles, values do not change based on interest rates or other economic indicators. Values change based only on supply and demand. Many inexperienced price guide users concentrate on the higher prices. Remember, price is dependent on condition. Reading only the highest price is misleading. F orgetting they are price guides. Many antiques and collectibles dealers seem to forget the guides are only guides and base all their pricing on them. Price guides are only one component of researching items. You must have a knowledge base to draw on in addition to the guides.

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