I too have collected various things over the years from antique toys to civil war paper money. Some things have gone way up in value while others have gone down. I never collected based upon whether or not something will go up in value. I collected based up the pleasure derived from them. Any happiness obtained from the increased value in my collections is tempered by the higher prices I will have to pay for obtaining others. My paper money is worth a great deal but I have only bought maybe 25 bills in the last 3 years due to high prices. I had more fun when I would afford to buy maybe 200 bills a year. That is why I am with JR in my amazement at all of the people expressing joy over Heritage auctions getting high prices for their posters. To me it can only mean that the next time I see something to buy that the seller will price it based upon inflated auction prices. I collect posters based upon how they look and how they make me feel when I have them hanging on the wall. Any appreciation in value is a bonus. I would prefer that I could afford to buy some of these posters. I would think that even dealers would cringe when they see some of these prices since I would assume that the cost to them would also rise. Perhaps if I had a closet full of rare old posters worth a fortune then I would think differently. I must be on the low end of the MoPo spectrum. As for the Heritage Auction, I though some of the posters went at fairly reasonable prices. The only poster I bought was the VF linenbacked one sheet of Cornered for $288 which was less than I have seen it on ebay.
Another consideration I have (and this is based upon my advanced age and experience), is that I have found that if you need money in a hurry, it is sometimes tough to get it right away by selling a collectible. They are far far from a liquid asset. If I wanted to sell my paper money collection due a family emergency or some other situation, I would have to consign it to someone like Heritage Auctions and hope they could run it in conjunction with a national convention. This would take probably a year to get my money. With ebay, it would take forever, and you run the risk of not getting what it is worth. Ralph Plumb
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