If you’ve been thinking about selling your collectibles or a portion of your collection to make money, it’s important to take a few things into account before you start doing so, as it will depend on the success of your sale and future similar sales.
For that reason, here we want to show you 5 tips for selling your collectibles and getting enough money from them. Pay attention!
- Research the value of your collectible
- Consult the experts
- Keep your collectible neat and tidy
- Sell it to other collectors
- Get multiple price offers
1. Research the value of your collectible
The starting point before you start selling your collectibles is to know how much they are worth in the collection market; this is important to avoid scams or very small valuations compared to the actual price of the piece.
Regardless of what you collect, every object has a representative value that must be taken into account at the time of the sale, for that reason it is wise to go to several pawn shops to appraise the collectible you want to sell, some experts can tell you exactly how much your object is worth, not only for its collection value but also for its level of conservation at the time of review.
By knowing how much your collectible is worth you will be able to give it a fair price and avoid selling it to people who value it with a very low price since they probably want to get your collectible for a minimum price to resell it for much more. Always stay safe!
2. Consult the experts
To have a broader view of the market in which you want to sell your collectible, it is ideal that you communicate and consult with experts who can help you know if your decision is correct, or if it is worth waiting a little longer before selling your piece. This is essential to not lose your chance of getting more money from the sale and to fully take advantage of the value of your collectible.
The experts in collections and the owners of pawn shops are best suited to provide you with advice, as long as you know that they are respectable people and that they do not intend to wrap you to buy your piece for little money. One of the most important tricks of the collection market is to correctly analyze the information they give you and discern whether you can trust it or not.
3. Keep your collectible neat and tidy
Before selling your collectible you have to take into account its neatness and its state of conservation, this is extremely necessary so that the object retains its value and can be sold for the right price. If you have done your job well as a collector all these years, it is most likely that your objects are impeccable, but it all depends on the method of conservation and effort you have put into it.
Not all collectibles are created equal, and some require more effort than others. For example, comics or sports cards must be kept away from humidity and must be kept in their original plastic protectors, only then can they be kept away from any moisture or dirt adhering to the pages or cards.
Similarly, some collectibles composed of leather or metals also need many methods of conservation, in the case of leather you have to keep it hydrated without excessive exposure to moisture or sunlight, and in the case of metal, you have to take care of it so it does not have contact with water since it can oxidize quickly. It’s all about keeping your items as neat and preserved as possible to get more money in the sales process.
4. Sell it to other collectors
Just as it is prudent that you get advice before selling your collectibles and that you take care of scams from cunning collectors, it is also important to note that collectors are your ideal target when it comes to selling your collectibles. Although it seems contradictory, collectors are the only ones who know how to value a unique piece when they find it, so they will be the only ones who can offer you a very good price for your objects.
Other collectors may understand the work it takes to keep the pieces in good condition, and at the same time they also have more experience in the collectibles market, so ideally you should always try to sell your pieces to other collectors, rather than to anyone who is starting to dabble in this market. or that have no idea about anything related to it. If you sell your pieces to private individuals, they will not be able to appreciate them and may not be willing to pay enough for them.
5. Get multiple price offers
One of the most important parts of selling collectibles is collecting enough offers before deciding. When selling your collectible, you must have total control over who you will sell your piece to, and this depends a lot on the price that person can offer you, the ideal before selling your pieces is to investigate and attend different places where they value your pieces, so you will have a real reference of how much your object is worth.
Once you know how much your collectible is worth, you’ll be able to hear offers from other collectors interested in buying it. If one of them gives you a good deal, it doesn’t mean you should sell it right away, you can wait a little longer to make sure no one else offers a similar price, and then you make the decision. It’s about being smart and creating a space of time in which you decide which offer suits you best, without losing the interest of buyers.
Are you ready to sell your collectibles yet? We bet you are!
If you want to start doing it right away, here we share the best marketplaces where you can sell them.
Are you looking for other ways to make extra money fast? Here we show you other options for objects that you do not use and that you can sell to make money.
Sell what you don’t use and get money fast!