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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 Don't overlook what you may now see as relics or outdated pieces.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.

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Creators Syndicate

Ford Fairlane Model Car Is a Convertible
Creators Syndicate
Q: This is a photo of a metal die-cast pink-and-white toy car that I have. It is a 1955 Ford Fairlane convertible model. The doors, hood and trunk all can be opened; the tires are rubber; it is a 1:18 scale model; and the steering wheel turns the ...

The State Journal-Register

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Last but not least is my 27 Model T coupe. With a 20-HP four-cylinder engine and the top speed was 35 mph! It was fun to drive but hard to get used to going that slow. I spent 10 years restoring that '27 Model T coupe and drove it for another 10 years ...

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Chevrolet, General Motors' flagship bow-tie brand, announced this week that consumers finally can place orders for the 2018 Camaro Hot Wheels 50th Anniversary Edition midsize sporty car on Feb. 1 at Chevrolet dealerships. Hot Wheels is a brand of die ...

Wisconsin State Farmer

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“Did I hear you say that you were considering attending a model farm toy show, my friend asked? What do you mean, I never heard of such a thing? Are you serious?" The answers were: yes, too bad and yes. At the time I was pondering a visit to a model ...

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Opelousas Daily World

Depression-era Christmas was not joyless
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The toys of the day were simple things such as dolls, finger paints and die-cast model cars and trucks. Also popular were board games such as Monopoly, Scrabble and Chutes and Ladders, to name a few.These games are just as popular today as they were ...

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Baby boomers haven't just been buying cars, it turns out -- they've been buying lots and lots of stuff, and as they're downsizing, they're having trouble finding family members who want anything to do with it. But for every piece of old-world furniture ...

Brisbane Times

Some people collect parking fines, this man collects parking meters
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If you turn up to Alan Dyer's house, there's a good chance he'll ask you to feed the meter. To describe the Gladstone Park retiree as a keen collector would be putting it mildly. His house is full of all sorts of stuff: Elvis memorabilia, die-cast ...

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Winter ways to enjoy auto racing
The Inter-Mountain
Then there's the hobby of collecting miniature die-cast cars. These detailed replicas of your favorite drivers' cars are more available than ever in several different scale sizes. There is a size for every budget, beginning with 1/64th size. This is ...

Worldwide Automotive Diecast Scale Model Market 2021 Sales, Size, Growth Drivers, Opportunities, Industry Trends ...
The shift towards production of resin scale models, and away from diecast metal, to continue. • For a full, detailed list, view our report. Browse Detailed TOC, Tables, Figures, Charts, and Companies Mentioned in Automotive Diecast Scale Model Market ...

Green Car Congress (blog)

2019 Ram drops weight, gains 48V eTorque mild hybrid system
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A cooled exhaust gas recirculation (EGR) system enables improved fuel economy and emissions performance at higher loads. The compact, 60-degree, all-aluminum block is constructed of high strength die-cast T380 aluminum with cast iron bore liners. Six ...

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