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CollectingResources.com is a web-based knowledge repository dedicated to helping people make informed collecting related decisions. Our goal is to help beginning and advanced collectors as well as dealers and investors enjoy and profit from collecting activities.
Inventory your most important collectibles Know what you have and where it is stored. Make sure that if something happened to you that a loved one would be able to manage the preservation or sale of your collectibles.
Featured Glossary Term
Pricing As part of a sales transaction, both the buyer and seller need to appraise the value of a collectible. The buyer may assign a fixed price or the price may be negotiated. Pricing should be based upon sales of comparable artifacts and a sense of market demand. Some collectibles are price insensitive to wide differences in the condition of an artifact whereas other collectibles are highly price sensitive depending upon condition. An appraisal can assist in establishing a "fair" price for an artifact. Price is a function of both the objective and subjective value of an artifact to both the buyer and the seller.