A collectible is any object of value or interest to the collector.
include everything from pottery and ceramic ware to books,
magazines, baseball cards, coins, figurines, and a variety of other
things. While many people like collecting purely for enjoyment,
others collect things of monetary value and consider them
investments. Antique collectibles usually have more value than their
modern counterparts, but this is not always the case, as there are many
other factors to take into account. In addition to the age of the
collectible, other inherent characteristics include its quality,
condition, size, the maker or artist, the period and style, whether it is
an original or reproduction, and whether or not there have been
alterations or repairs made to the item.
The value of a collectible item can be ascertained based on fair market
value, replacement value, actual cash value, or forced liquidation
value. Fair market value refers to the actual retail value of an
item. Replacement value refers to the amount of money that it would
take the replace the item with one of similar quality and craftsmanship,
not accounting for depreciation. Actual cash value is the replacement
value minus depreciation. Forced liquidation is often considerably
lower than fair market value and applies in a situation where someone is
forced to sell quickly, such as a court-ordered sale. Regardless of
the inherent value of the item, amassing collectibles is a hobby that
brings enjoyment for many.