Ten Reasons Not to Start a Collection of Any Kind

Coins, Beanie Babies, Cards, Newspapers, Stamps, and Useless Junk Collectors Beware

Ten Reasons Not to Start A Collection Of Any Kind

Collecting can be fun, interesting and educational, but take my advice and if you are thinking of collecting something, stop yourself now! It will be a costly mistake you regret, later on in life.

1. Collections take up space. Space is valuable. You can not anticipate your future space needs and how they will change. You might think your collection fits in a spare bedroom, or in boxes in closets, or easily on display shelves. Think again. As your collection grows, so will your space requirements. As you age you may decide to move into a smaller place and have to deal with getting rid of your collection and at a time in your life when you don't have the energy or resources to deal with properly selling it. Many collectors think their collection is worth more than their investment, but in most cases they sell for half or less than the original investment to a dealer who needs to have a profit margin to resell.

2. When you die, your children will have to deal with your collection. Chances are, your children have no interest in your collection because they are busy with their own lives, and when it comes to cleaning out your living place after you have passed on, they will have the burden of unloading your collected items. They may throw them out, give them away or sell them for pennies on the dollar. Is this what you want?

3. Pets and children are not good around collections. You have to go through extraordinary lengths to keep your collected items protected from child and pet accidents and mishaps. Pets and children do not realize the value you place on your collection until something gets ruined or broken.