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Diecast Collectibles: The Collectors' Guide to Making a Profit


Millions of people have made a hobby of collecting items of one sort or another, but some take it to a higher level. These collectors view their collections as more than just an accumulation of trinkets that they happen to enjoy; to them, it's a business, and they're not in it to lose money. For those who collect diecast models, making a profit can be a challenge, unless you know the ropes of how to effectively collect pieces and then apply the necessary strategies to resell at an increased price.

It's a good practice to collect only those items that you truly like, and then do quite a bit of shopping around in order to find the best buy. Market trends are never very stable, and by collecting those pieces that particularly appeal to you, others may view them in the same way. This will enable you to resell them more easily. Certainly, it's never good business practice to buy the first piece that you find. Competition is stiff, and there are some great deals out there that you can use to your advantage.

Avoid specializing in one specific area of diecast collectibles. If, for instance, you're interested in collecting NASCAR models, it's best not to isolate your purchases to those of one particular driver. That's not to say that you shouldn't include them among your other pieces, but there's a need for diversity if you're hoping to eventually realize a profit. Although a piece may not seem to have much value in today's market, that doesn't mean that it won't increase as time goes by.

Older diecast models make a nice addition to anyone's collection, and can eventually precipitate a good amount of sales revenue. Don't overlook what you may now see as relics or outdated pieces. There's always someone out there who's looking for an older piece - whether for nostalgic reasons, to complete a collection or for the purposes of an eventual sale - so don't limit yourself by excluding the golden oldies.

Some of the best deals can be found in flea markets, on eBay and other auction sites. Not only can you find pieces for your own collection, but these will be eventual avenues for you to resell them at a later date. The highlight of the auction arena is that you can set a starting price and watch the bids increase your income potential - sometimes to a figure much higher than you would have imagined. Setting a reserve price helps, too, so that you won't lose a piece when someone comes in way under the piece's value.

Picking up models at local department stores, such as Wal-Mart, or through TV shopping forums such as QVC is usually a mistake. While these may have reasonable quality, they're usually not as well constructed as what you can find elsewhere, and tend to flood the market with certain pieces which they sell in high volume in an effort to gain a higher sales standing. Stick to the mainstream collection sites and you'll do much better.

Remember that you may not break the bank when you resell a piece, but with a good sense of timing and strong negotiation skills, you'll be able to realize some type of profit and, with a bit of experience, will increase your overall profit potential.

(c) 2005 Dale Stewart - All Rights Reserved

Dale Stewart is a freelance author and diecast enthusiast.

http://www.DiecastSecrets.com

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TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSMORE RESOURCES updated Tue. October / 23 / 2018

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MilTech

Automotive Diecast Scale Model Market 2018 – Business Attractiveness with Impressive Gross Marginal Revenue ...
MilTech
Automotive Diecast Scale Model market is projected to rise at a stable rate and will post CAGR (compound annual growth rate) of 5.27% during 2018-2021. ... Amalgam, AUTOart, Automodello, Maisto, BBurago, GreenLight Collectibles, Hot Wheels, Abarth ...

and more »


Jalopnik

De Tomaso Is Now a Registered Trademark in the UK
Jalopnik
Games; Playthings; Gymnastic and sporting articles; Gymnastic articles not included in other classes; Sports equipment; Decorations for Christmas trees; Scale model cars [toys]; Remote controlled scale model vehicles; Electric action toys; Toy model ...



Jalopnik

Today in 'Model Cars That Cost More Than a Year of College Tuition': The $14689 Porsche 919 Hybrid
Jalopnik
Meet the Porsche 919 Hybrid toy car, modeled after Porsche's now-retired Le Mans Prototype and priced at a completely reasonable $14,689. The car is a 1:8 scale diecast car, which, in diecast terms, means “really big for a toy car.” In actual terms, it ...

and more »


ABS-CBN News

Small wonders: a brief history of classic toy cars (and the fanaticism behind them)
ABS-CBN News
“What's not to love about die-cast cars?” says die-cast Ferrari collector Sheine Ebora. “They look exactly the same as the real car, I can display it inside my room, I can buy any model I want from abroad and bring it to the Philippines without having ...



The Oakland Press

Toy car collection reported stolen from Troy storage facility
The Oakland Press
According to police, the victim said someone entered his storage unit at Public Storage, 1315 Chicago Street, and took 500 Matchbox cars, 270 die-cast model cars and a laptop computer. It's believed the thief or thieves climbed through a 2-foot gap ...



Tampa Bay Times

Things to Do in Pasco and Hernando counties starting Oct. 26
Tampa Bay Times
Toy Train, Collectible and Hobby Show: Vendors selling model trains, collectibles, die-cast cars and antiques. Also, running train layouts. 9 a.m.-2 p.m. $5, 12 and younger free. The New Lakes in Regency Park, 8330 Civic Drive, New Port Richey.

and more »


Auction: Trains & Diecast Cars Collection
Cranston Herald
Massive Single Owner Train & Diecast Car Auction (2) - 11am. Live Auction – Saturday, October 6th at 11am. Live & Online Bidding – Absentee & Phone Bids Accepted. Bruneau & Co. Auctioneers is proud to announce part II of our single owner model train ...



The News Wheel

Commemorative USPS Hot Wheels Stamps Depict Most Popular Die-Cast Cars
The News Wheel
In honor of the 50th anniversary of Hot Wheels, the U.S. Postal Service has unveiled a pane of 10 specially selected die-cast models from the toy brand's half-century history. Each iconic four-wheeler feature the Hot Wheels logo, the recognizable ...

and more »


Hartford Courant

'Peanuts' Popularized Red Baron Hot Wheels Cars Have Varying Value
Hartford Courant
A: In 1968, Monogram, a company that made model kits, introduced a hot rod kit that had a World War I German helmet and an Iron Cross motif on the radiator. A Hot Wheels die-cast metal version called the Red Baron was made in 1970 and became popular ...



TwinCities.com-Pioneer Press

Here's why Border Patrol seized two rail shipments of toys at International Falls crossing
TwinCities.com-Pioneer Press
Border Patrol officers seized the toys after routine inspections. In July, officers found a rail car with 2,459 die-cast transporter carrying cases including toy model-cars suspected of containing higher lead levels than safety standards allowed. Test ...


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