People often find the idea of starting an antique collection daunting. Since there are literally thousands of things to collect, many find it hard to choose what collection to start. Moreover, people are afraid to delve into collecting antiques because they think that it is expensive and a time consuming hobby. Since there are a lot of unscrupulous individuals, there is also a chance that a budding hobbyist might get discouraged after having bought a fake antique or a reproduction for a steep price.

Here are some things to consider when deciding what antique objects to collect:

Determine the reason for starting the collection

The first consideration you need to think about is your reason for collecting. If you just want to start your own collection for your personal satisfaction then you really don't have to worry too much about the market value of the objects you will be collecting.

However, if you think of your collection as an investment, you may want to surf the Net or shop around for things that many people consider valuable. If you eventually want to earn money from you collection, you must study and research about antiques on the market.

Consider collecting something you like

Even if you are planning to sell your collection afterwards, you still have to choose something that you are interested in. If you don't know anything about baseball and you're not interested in the game, then it won't be fun collecting baseball memorabilia even if they are hot items on the market. However, if you follow what you like, you won't regret investing time and money in building up your collection.

If you are still confused or clueless as to what objects to collect, you can probably look back to your childhood. Think about what items you desired or wanted badly when you were a kid. Did you like fancy dolls? Were you an avid airplane fanatic? Did you admire the China and other porcelain items in your grandmother's cupboard? Did you like to read and love books, newspapers, or comic books? Do you love music and records?

After asking yourself these questions, there is a big chance that you will have an epiphany of what you would like to collect. Antique collecting should be enjoyable as much as it is profitable.

Do your research

Collecting antiques is a very demanding hobby. You need to allocate a significant portion of your time every week or month in studying and collecting data about the objects you want to collect. At first, you can surf the Internet for articles and websites on antique collections. This will give you a rough idea of what you are getting yourself into. Moreover, you may even encounter blogs about other people's experiences when they were starting out. Such information is very important for novice collectors.

Aside from the Internet, books are good sources of information about this type of hobby. You really don't have to spend a penny in the beginning. Just visit your local library for materials about the things you're interested in collecting. You can also look at your local bookshop for possible resource materials.

Another way to do your research is by visiting antique shops, galleries and even flea markets. This will help open your mind to what other things can be collected. Toys, books, jewelry and furniture aren't the only things that can be collected. Bottles, boxes, posters, photographs, and even cameras and other gadgets are also good antique collectibles.

Aside from researching about what to collect, you should also start studying the world of antiques. You have to know how to detect fakes or reproductions before you start your collection because there are many people who are out there just to defraud others. Moreover, you should also know something about pricing, appraising, and the value of antiques. In the antique world, even identical items may have different prices because there are many factors to consider - cracks, chips, condition, marks or signatures.

Find other collectors

Once you have decided what object to collect, it is advisable to find other people who share the same interest. If you are lucky, you might even find organizations or web-based groups that promote your object of interest. You won't know about the antique world and market alone. You need the help of other collectors, appraisers and aficionados.

Follow the tips above and you will discover what object to collect and how to start your collection.

• What Compels People to Collect?
• Razor Sharp Hand

People collect, amass, store and hoard just about anything. Some are put up for display (like fine art), yet, others remain in attics and basement, sealed away forever. People collect just about anything including: marbles, coins, political memorabilia, cookie jars, autographs, sports memorabilia, jewelry, Pez dispensers, snow globes, stamps, vinyl records, sports cards, comic books, toys, ceramics, jewelry.... why the list is endless.

People have always collected something either as a hobby or an investment. In fact, one of the first American numismatists began collecting coins in 1817 and it was a collection of American cents from each year. But, coin collecting has a history going back to ancient times when the ancient Romans were interested in and collected Greek and Roman coins.

There have been many famous people who have collected one thing or another. It is reported that a certain U.S. attorney has amassed a collection of more than 200,000 railroad nails and a Russian countess collected bedpans that had previously belonged to rich and famous people. King Louis XIV of France thoroughly enjoyed his daily visit to the French Royal Coin Collection, noting that he could 'always find something new to learn.' In addition, actor Buddy Ebsen, who portrayed the loveable hillbilly Jed Clampett, was fond of collecting ancient coins. The flamboyant rock star Freddie Mercury, of the band Queen, was an avid stamp collector as a boy. Many famous musicians have huge vinyl record collections, including Peter Buck (R.E.M.), Peter Wolf (of the J. Geils Band), and Thurston Moore (Sonic Youth), just to name a few.

Many collecting hobbies have "sub genres." For instance, collecting vinyl records can be divided into any number of specific categories. One could collect specific genres of music (Big Band, Jazz, Classical, etc.) or be partial to a particular record label such as Capitol, Reprise, RCA, Columbia and many others. Some may also collect 45's, picture discs, record sleeves, colored vinyl records, picture discs....well, you get the idea. It is well known that famed pop artist Robert Crumb (who designed the famous album cover for Janis Joplin's "Cheap Thrills" LP) was keen on collecting 78 rpm records and had amassed quite a collection.

Maybe you know someone who collects Pez dispensers. They may have famous celebrities, cartoon characters, specific colored ones, and different years of release and so on. Comic book collectors could also collect a specific type of comic, like super heroes, Archie comics, adult comics, Disney comics or even black and white comics from years gone by.

But, exactly why do people collect? They could gain a measure of satisfaction and pleasure from simply displaying the objects they collect. Sometimes, it is the nostalgia bug that compels people to collect items from a specific era. It could be an item that is associated with their childhood, a famous person or a world famous event. Some collect because of the intrinsic value of an item, and the fact that the item may be desirable to others and can command a profit if they sold it. An item could also have a specific provenance that could compel interest.

Now, is collecting an obsession or some form of "pack rat fever?" The Webster's dictionary defines the word collect to mean "to gather (stamps, books etc.) for a hobby." A collectible is something "that can be collected, suitable for collections; as by a hobbyist-any class of old things, but, not antiques, that people collect as a hobby." It further states that a collector is "a person who collects stamps, books, etc. as a hobby." Products are also manufactured with "collectibility" in mind, such as "limited edition" items like vinyl records, coins, art prints or even cookie jars.

Moreover, the collectible's market has expanded in recent years and fueled by annual price guides, books on the subject, television shows, collectible conventions and Internet auction sites; the collectible's market is now a global phenomenon. There are also professionals who specialize in a certain market and they share their expertise and help to even value these collectibles. There is a science of sorts in how people "grade" certain collectibles (i.e., mint, excellent, fair etc.) and most of the time condition is paramount. All these elements drive the market and help create a desirability factor for specific products and items.

But, the one element missing from the dictionary definition of "collecting" is the drive and passion that people may have for whatever they collect. So let's go a few steps further with our definition of "collecting." Let's define it as: The art of acquiring items or products that you are specifically passionate about and want to retain, either for monetary gain or personal satisfaction. Let's explore this definition in detail.

Is there an art to collecting? There certainly is. One must know where to find exactly what it is that they are seeking. Let's assume you collect vinyl records. Is it best to place an advertisement in a trade publication, local or national newspaper, shop online, or pursue the rummage/garage sale methods? What about going to the "record conventions" that are held in major cities all over the country? Is that the best avenue to pursue? There is an art (some call it a science) to knowing where the best place is to find whatever collectible that you may be looking for.

Furthermore, in the dictionary definitions of collecting, a key term is missing, passion. There is a direct correlation to the drive and motivation a person feels and how successful they may be in acquiring their collectibles. This is a very important element, the enthusiasm a person has, the passion, is what makes whatever they may be collecting, an enjoyable experience. And, obviously the more they put into collecting, the more that they will get in return, not only in monetary terms, but, simply put, the more fun they will have pursuing their hobby.

So next time you shake you're your head at your spouse, friend or family member and call them a "pack rat," remember that they are not only passionate about what they are doing; but actually find a great deal of excitement and personal satisfaction in doing what they are doing. It is one of the most rewarding and pleasurable things a person can do.

• Stamp Collecting: a Great Hobby for Kids
• Stamp Collecting as Hobby and for Profit?

The collectibles markets are full of passionate people. These aren’t people who have ‘pack rat fever’ and save items just to have them, but people who decide to enter a specific collectibles market because it is a rewarding and fun experience for them. And it seems people will collect just about anything including: teddy bears, coins, stamps, advertising memorabilia, books, comic books, sports memorabilia, vinyl records.…..why the list seems endless. But they all have one thing in common, a passion for their hobby and their specific collectible.

But what if something unforeseen happens, a fire or some other catastrophe? A unique insurance agency called Collectibles Insurance Services; LLC is here to offer peace of mind and, most importantly, insurance for their collectibles.

I spoke with Dan Walker and Debbie Spilman of Collectibles Insurance Services, LLC, about collecting and why it is important to have insurance on your treasured collectibles.

“Some may think that they’re homeowners insurance policy covers their collectibles, but in most cases your homeowners policy is designed to cover personal property and is not nearly enough to protect your treasured collectibles,” said Dan. “They may limit the collection to a percentage of the total value of your home, limit the amount that they will pay for theft of valuable items like silver, crystal, guns, stamps and paper documents or be based on actual cash value rather than the collectible or replacement value.”

Collectibles Insurance Services (www.collectinsure.com) differs from the average homeowners’ insurance policy, in that, insuring collectibles is all they do. The service can insure a collection of stamps, advertising memorabilia, sports cards, vinyl records, antique tools, vintage clothing, trains, toys, weapons (guns, knives swords), entertainment memorabilia and much more (see the website for a complete list and exclusions of what they insure).

“Normal homeowners policies don’t generally deal with collectibles, we write policies specifically for a person’s collectibles, whether it is a rare book collection, stamps, coins, sports cards, vinyl records and the many other collectibles that we deal with every day” explained Dan.

Valuation of a collection is subjective and estimating what a certain collection is worth depends on many variables and researching different avenues.

“We strongly encourage prospects from overvaluing their collections. We cannot insure ‘emotional worth’, but can insure a varying array of collectibles. We ask that people have a paper trail, save receipts for what they may have paid for items; documentation is very helpful, take video of the collection or pictures. Validation is an important element. Don’t over insure and if necessary get a second opinion,” detailed Debbie.

How does one go about ascertaining the value of a collection or their collectibles?

“Price guides are great, but they are just one of the tools used when trying to gauge a value of a collection,” explained Dan. “Replacement value would be what a knowledgeable buyer would pay a knowledgeable seller for the items, it is an agreed upon price between two knowledgeable individuals in a sales transaction. You must price your collectibles realistically for insurance purposes.”

“The valuation process could also be aided by a professional appraisal (although that is not always necessary), professional consensus, price guide values, what the collectibles may be selling for on the market at the specific time, our own resources and expertise and because no two collections are the same, all these factors are available in helping people determine what the value is. We also have a number of resources on file and references listed on the website including valuation aides, inventory aides and dealers to help people along so they can put a figure on the collections worth in which to write a policy” said Dan.

What kind of resources that are used in the valuation process depends on the items in the collection, as Debbie explains:

“We provide reference to many entities in the process including obtaining information from the Kovels.com, American Stamp Dealers Association, Price Miner, Antique Trader, Beckett.com, CBGXtra.com (for comic book collections), collect.com, Goldmine publications, Military Trader, trains.com and a number of other resources, depending on the genre of the collectible.”

I inquired about insurance when you are moving the items, from whether down the street or across the country; doesn’t the moving company provide insurance for that?

“Submitting a claim to them is much more difficult to do, as the moving companies would require much more documentation to validate a claim if there were breakage or something else were to happen,” explained Debbie. “Again, validating just how much the collectibles are worth is a key element in settling a claim.”

A myth with regard to collectibles insurance is that every item in the collection must be itemized and professionally appraised.

“No appraisals are necessary. You estimate the value of your collection and determine the amount of insurance, we need a ballpark figure,” detailed Dan. “Although an inventory is not always required at the time of application to purchase insurance, Collectibles Insurance Services strongly recommends its customers maintain an inventory to streamline, provide proof, and expedite claims in the event of a loss.”

Another myth regarding insuring collectibles is that the cost would be more than people could reasonably afford.

“A collectibles policy is typically less costly than scheduling items on your homeowners insurance,” said Dan. “The price of insurance should not deter a person from insuring their collections, the items are priceless to the hobbyist or collector and you will find our rates are not overbearing and are cost-efficient. We cover everything from autographs to Zippos or something in between. And Collectibles Insurance Services’ carriers are A rated and above.”

It is reassuring to know that purchasing insurance for your collection is not as difficult as one might think it to be. The process is not such a daunting task as it seems and it is also reassuring to know that there are professionals specifically trained in this field and a company that specializes in just this type of insurance.

• Collectibles Value
• Antiques And Collecting