Comics, Collectibles, and Coping with Calamity
Rare collectibles can provide an entertaining form of alternative “investment,” and might seem particularly intriguing when markets are wobblier than Aunt Gertrude’s jello salad. Comic books can sell for millions of dollars, for example, depending on their rarity and condition. Just this week, a copy of Detective Comics #27 (the first appearance of Batman, recently returned to cinemas) is listed with bids at $1 million.
While you may not be into comic books, items like artwork, antiques, or baseball cards, can hold surprising monetary value, but collectibles can be affected by a number of factors, including liquidity. Here are some sensible steps to take with such items, if you have them.
- Educate Yourself. Books and price guides are a good place to start, as well as a good old-fashioned Google search.
- Ensure Insurance. A professional appraisal can help ensure your item’s value is protected in cases of calamity or theft.
- Consult Experts. Values can change depending on condition and scarcity. Shop owners and other collectors can provide context.
- Protect Valuables. Some types of items may require special storage or materials to preserve their condition.
Whether you’re looking to sell or hold onto your valuable items, the point is to have fun and enjoy what you have. They say you can’t take it with you, but if you do find a way, we’re certainly all ears.
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.
Dr. Jason Van Duyn
AQuest Wealth Strategies
Dr. Jason Van Duyn CFP®, ChFC, CLU, MBA is a Registered Representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: IN, IL, TX, MI, NC, AZ, VA, FL, OH and CO.