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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: epicure who wrote (66098)	12/11/1999 12:12:00 PM
From: nihil	Read Replies (1) \| Respond to of 108807

You cannot make money with any assurance by collecting. But here are some rules. Don't pay for natural or manipulated scarcity (diamonds, uncarved gems, bullion, common coins). Danger of discovery or synthesis. Don't collect stuff that depends upon taste or aesthetic preference. Paintings, drawings, sculpture fluctuate and don't have good long-term appreciation. Prices can collapse. Don't collect large bulky stuff like automobiles, statues, etc. Storage is costly and value is arbitrary. Don't collect stuff that rusts or decays or moths can destroy. My suggestion, rare Greek and Roman coins, especially gold. Russian platinum coins have a future. You can stuff a million dollars in your shaving kit. Stamps are always good, and have calculable rarity values, portable, easily smuggled, reasonably liquid. Try to buy rare very scarce items. Make sure of provenance and have everything appraised. Insurance is expensive and very tempting to defraud. Put part of your collection in a living overseas trust (with a trustworthy custodian) that your heirs can access and use without probate.

To: epicure who wrote (66098)	12/12/1999 2:24:00 AM
From: MSB	Respond to of 108807

I was thinking, when I asked about Year 2000 collectibles, about items which are dated: ticket stubs or unused tickets to millennium parties, champagnes or wines dated with Jan. 1st, 2000 for some particular gala event (if there even is such a thing since I know nothing about wines), or other date specific memorabilia relating to the Year 2000. The downside, to me, would be that if I've thought of it, so has everybody else and their brother so such things might not become the rarity later on that I would be hoping. I think you make a good point about collecting items which are of interest instead of collecting for hoped for profit down the road. I would still like to find a first or second edition "Risk" game by Parker Brothers in good condition. A $100 to anyone willing to part with one. My mother-in-law collects Victorian baby cups. I wonder if Coke will come out with some type of commemorative bottle for the Year 2000. Anyone, who collects Coca Cola related items, know?