Many of us hold onto items because we believe they might be worth something. Some of us have collections from childhood, while others have inherited pieces or antiques. Unfortunately, while some possessions are truly valuable, many are not. Before you make a decision to hold onto an item for its monetary value, check the market and see what people are willing to pay. Online auction sites can be a good starting place for getting an idea of the “going rate” for a variety of items. The true value of any piece is impacted by a number of factors (condition, age, authenticity, etc.), so a professional appraisal may be in order if you decide to sell.
Below is a taste of some “investment items” that I commonly encounter with clients. Read each description and take a guess of what you think each might be selling for today, then scroll to the bottom of the post for results.
** Disclaimer: The dollar values are the starting bid on ebay as of April 26, 2015. The Seana Method is not an appraiser, and makes no claim about actual value. **
Item #1: Hummel Figurine
Item #2: Baseball Card
Item #3: Comic Book
Item #4: Longaberger basket
Item #5: Madame Alexander Dolls
Item #6: Hallmark Christmas Ornament
Item #7: Vintage Board Game
Item #8: Watermen Fountain Pen
Item #9: WWII Item
Item #10: Transistor Radio
Starting Bid on ebay as of April 26, 2015:
- Hummel Figurine: $9.99
- Baseball Card: $1.77
- Comic Book: $7.25
- Longaberger Basket: $12.50
- Madame Alexander Dolls: $9.99
- Hallmark Ornament: $2.01
- Board Game: $9.99
- Fountain Pen: $449.00
- Trench Shovel: $19.99
- Transistor Radio: $5.00
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The point of this quiz is to shed light on the tricky world of selling possessions. Markets are constantly fluctuating, and an item that was “hot” a few years ago may have fallen out of fashion today. For the items above, I shared the starting bid, but you can get a better idea of the value by checking what people actually paid. When you select an item, go to the column on the left and scroll down to “Buying Format,” and then select “Sold.”
At the end of the day, selling always equals work! To sell, you will need to price, advertise, and potentially ship your items. You can pay someone to perform these tasks, but this cuts into your profit.
If you are space constrained and wondering if you should keep specific items, do a little research on the current market value. It is possible that you’ve been holding onto a piece with an inaccurate idea of its worth.
Have you ever sold an item and been surprised by its value?