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Diecast Collectibles: The Collectors' Guide to Making a Profit
Millions of people have made a hobby of collecting items of one sort or another, but some take it to a higher level. These collectors view their collections as more than just an accumulation of trinkets that they happen to enjoy; to them, it's a business, and they're not in it to lose money. For those who collect diecast models, making a profit can be a challenge, unless you know the ropes of how to effectively collect pieces and then apply the necessary strategies to resell at an increased price.
It's a good practice to collect only those items that you truly like, and then do quite a bit of shopping around in order to find the best buy. Market trends are never very stable, and by collecting those pieces that particularly appeal to you, others may view them in the same way. This will enable you to resell them more easily. Certainly, it's never good business practice to buy the first piece that you find. Competition is stiff, and there are some great deals out there that you can use to your advantage.
Avoid specializing in one specific area of diecast collectibles. If, for instance, you're interested in collecting NASCAR models, it's best not to isolate your purchases to those of one particular driver. That's not to say that you shouldn't include them among your other pieces, but there's a need for diversity if you're hoping to eventually realize a profit. Although a piece may not seem to have much value in today's market, that doesn't mean that it won't increase as time goes by.
Older diecast models make a nice addition to anyone's collection, and can eventually precipitate a good amount of sales revenue. Don't overlook what you may now see as relics or outdated pieces. There's always someone out there who's looking for an older piece - whether for nostalgic reasons, to complete a collection or for the purposes of an eventual sale - so don't limit yourself by excluding the golden oldies.
Some of the best deals can be found in flea markets, on eBay and other auction sites. Not only can you find pieces for your own collection, but these will be eventual avenues for you to resell them at a later date. The highlight of the auction arena is that you can set a starting price and watch the bids increase your income potential - sometimes to a figure much higher than you would have imagined. Setting a reserve price helps, too, so that you won't lose a piece when someone comes in way under the piece's value.
Picking up models at local department stores, such as Wal-Mart, or through TV shopping forums such as QVC is usually a mistake. While these may have reasonable quality, they're usually not as well constructed as what you can find elsewhere, and tend to flood the market with certain pieces which they sell in high volume in an effort to gain a higher sales standing. Stick to the mainstream collection sites and you'll do much better.
Remember that you may not break the bank when you resell a piece, but with a good sense of timing and strong negotiation skills, you'll be able to realize some type of profit and, with a bit of experience, will increase your overall profit potential.
(c) 2005 Dale Stewart - All Rights Reserved
Dale Stewart is a freelance author and diecast enthusiast.
Reducing Depression with Hands-On Activities PsychCentral.com
Hands-on activities including knitting, gardening, and woodwork can get you out of your head, helping to reduce depression.
Youth Fair to Take Non-Animal Entries April 30 Centralia Chronicle
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5 questions with a Johnson City transplant: Why she loves Johnson City - Johnson City Press (subscription)
5 questions with a Johnson City transplant: Why she loves Johnson City Johnson City Press (subscription)
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School secretary was given a heartfelt send off by pupils after 30 years Greenock Telegraph
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Yarn Junkie: Women of color crochet the nurturing bonds of love and identity - Milwaukee Independent
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Brittany Ariel Bunka | Obituaries Santa Maria Times
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Single mum impressed by Tinder fella’s stylish home stunned to find dating profile snaps were staged in Ikea - The Sun
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Community calendar | News, Sports, Jobs Evening Observer
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Horoscopes - News The Hutchinson News
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Get a head start on your holiday shopping with over 100 vendors at American Family's annual Art & Craft Fair! This event is free and open to the public. There.
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Things to do in Pasco and Hernando counties for April 5-12 Tampa Bay Times
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Open Studio with Artist-in-Residence Taylor Rushing Madison.com
Come draw, paint and listen to music, bask in good vibes and see live chip-carving and whittling while Taylor creates some new tramp art constructions.
Animal Superpowers | Crafts and hobbies Madison.com
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I like crafting Newsday
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Memory Cloth Circle Workshop | Crafts and hobbies Madison.com
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The Highlands Is Getting a New Hobby — The Hobby Lobby, That Is Wheeling Intelligencer
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Wooden Wall Hanging Workshop | Crafts and hobbies Madison.com
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Hobby Lobby opens in West Allis Milwaukee Business Journal
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Winter Bike Week 2019 | Crafts and hobbies Madison.com
Winter Bike Week 2019 Celebrates Year Round Biking.
Craft trends for 2018 – Craft ideas – Hobby craft – Arts and crafts Ideal Home
2018 will see the rise of new more specialist crafts becoming main stream as the nation gets more adventurous, but what craft trends are falling?
Pinterest fans rejoice! Craft studio opens in Raleigh that's perfect for pinners WTVD-TV
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Hobby Lobby closes Depew store Buffalo News
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Make money doing the things you love- your hobbies! Cash in on your passion! ABC15 Arizona
Cash in on your passion! You can get paid for your hobbies!
30 hobbies to try in 2019 in Asheville AVLtoday
Whenever we ask you (our readers) what you love about WNC, one of the biggest responses we hear is the range of things to do. From hiking + rock climbing to ...
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On Lee Gant's Facebook timeline is a photo of a motto that says, “If you want the best from the world, offer your...
Norfolk Makers' Festival: try your hand at a new craft or hobby | Norfolk and Suffolk Lifestyle News - Eastern Daily Press
Norfolk Makers' Festival: try your hand at a new craft or hobby | Norfolk and Suffolk Lifestyle News Eastern Daily Press
Is one of your new year's resolutions to sew, knit, crochet, paint, weave, quilt, draw or felt? The Norfolk Makers' Festival at The Forum might be able to help.
5 craft hobbies to try BT.com
Looking for a new hobby? Here are five great crafts you can try for yourself.
Holiday Craft Fair | Crafts and hobbies Madison.com
The annual St. Albert the Great Holiday Craft Fair will be held November 17, 2018 in Sun Prairie. This popular area craft fair features artists, crafters, vendors and ...
Black Friday Craft Bar- NEW Holiday Projects Revealed! Madison.com
Need a break from the Black Friday crowds and cyber deals, or looking for an alternative to the shopping frenzy? Let us help you get a jump on your holiday.
Everyone Needs a Hobby, Right? Mine is Collecting Transformers knue.com
There's the saying Everyone needs a hobby which usually involves something that brings you enjoyment or a moment of relaxation. Mine is to show off my ...
NBCU's Revamped Bluprint Draws Up An E-Commerce Future For The Media Giant Forbes
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Works from local artists showcased at new arts and crafts storefront in Highland - Belleville News-Democrat
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Duanduan Han describes how she has made her lab experiments and hobbies complement each other.
Planet Fitness coming to Sandy Plaza; Hobby Lobby is potential tenant The Courier-Express
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'Making It' review: Amy Poehler craft show is a charming reminder that we are in the grips of a cutesiness epidemic - Chicago Tribune
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Another Aran hat for charity MyCentralJersey.com
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Insights: NBCU Crafts Bluprint For A New Kind Of Influencer Tubefilter
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Hobby Lobby holding Grand Opening for Machesney Park store MyStateline.com
Hobby Lobby will be hosting a Grand Opening for their new store on Rt. 173 in Machesney Park.
10 Hobbies You Can Turn Into a Side Hustle The Motley Fool
If you love what you do, you'll never work a day in your life. It's an old truism repeated often for a reason. The average person spends around 90,000 hours at ...
Trainfest- America's Largest Operating Model Railroad Show | Crafts and hobbies Madison.com
Join 20000 families and model train hobbyists for enormous fun and endless discovery at Trainfest®, America's largest operating model railroad show. Spend ...
Dark Magick: A creepy twist on crafts The New Hampshire
The leaves turn yellow, the air gets colder, Halloween creeps nearer, and the Dark Magick Arts and Crafts Faire returns to Portsmouth, NH, for its third year.
Hobby Lobby secrets | Everyday Cheapskate The Star Democrat
I was late to the party but somehow managed to catch up quickly. Up until about three years ago, I'd never stepped foot into one of the national chain's 800-plus.
Crafter’s paradise: The business of creativity is worth $44 billion Quartz
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Are Craft Therapy & Art Therapy the Same? PsychCentral.com
Craft therapy and art therapy offer many of the same mental health benefits. They use similar strategies. But are they the same thing?
Airbnb is offering guests the chance to try Britain's most critically endangered crafts - Countryliving (UK)
Airbnb is offering guests the chance to try Britain's most critically endangered crafts Countryliving (UK)
Airbnb is offering guests the chance to try their hand at paper marbling, woodworking, weaving and even wagonmaking in a bid to save some of Britain's most ...
Oregon College of Art and Craft closing leaving students concerned, heartbroken KGW.com
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Where Americans Find Meaning in Life | Pew Research Center - Pew Research Center's Religion and Public Life Project
Where Americans Find Meaning in Life | Pew Research Center Pew Research Center's Religion and Public Life Project
Family is the most common source of meaning in America, but economic, religious and political divides shape where people find meaning in other aspects of life.
The craft hustle: It can be grueling, but these Iowans are doing what they love — and making money, too - Des Moines Register
The craft hustle: It can be grueling, but these Iowans are doing what they love — and making money, too Des Moines Register
For crafters, this time of year is their Super Bowl — and no detail is too small when you're trying to stand out among hundreds of other vendors.
Meet the people making a living live-streaming their niche hobbies, travel adventures, and everyday lives on Twitch - Business Insider
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Twitch — a subsidiary of Amazon — has become synonymous with the boom in video game livestreaming. Tyler "Ninja" Blevins, the most popular "Fortnite" ...
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Here’s How Etsy’s Resident Trend Expert Created Her Own Dream Job Real Simple
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Twitch ditches IRL label, introducing categories for ASMR, vlogging, fitness Polygon
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Comings & Goings: Carson’s returning to Orland Square Mall Chicago Tribune
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Kate Middleton reveals the crafty hobby Princess Charlotte enjoys HELLO! Magazine
Kate Middleton revealed that her daughter Princess Charlotte, three, enjoys arts and crafts during her visit to The Passage in London on Tuesday.
Madison Travel Circle presents "Quebec City: 400 Years of History" Madison.com
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Hobby Lobby to open Dec. 31 | Main Street Watauga Democrat
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Hobby Lobby holding Grand Opening for Machesney Park store on Monday MyStateline.com
Hobby Lobby will be hosting a Grand Opening for their new store on Rt. 173 in Machesney Park.
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There's nothing trivial about hobbies The National
Pupils in Dubai will now get to indulge in their favourite pastimes while at school – a step that will help to build the creative and adaptable minds of the future.
With candle making, there are hardly any limits. You can replicate lots of things with your creativity.
Embroidery Sewing Quality of Machine Embroidery Designs
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Coin Collecting - A Fun Hobby
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Simple, and Stylish Wedding Reception Centerpiece: Craft Project
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Collectibles: Searching for those Hard-to-Find Diecast Models
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How To Make a Pinata
MATERIALSA Large Round or Oval BalloonNewspaper, torn into 1 inch by 6-8" inch stripsWhite computer paper or paper towels, torn into stripsFlour and water mixture for paper mache pasteSaltVegetable oilPaintTissue paperCrepe paperString or yarn for hangingINSTRUCTIONSPrepare:Prepare your work surface with a layer of newspaper you can discard, or an old plastic tablecloth you can wipe clean of goop and glops which are part of this messy project!Tear several pages of newspaper into strips, approximately 1 inch wide by 6-8 inches long. Don't try to be neat and cut them with scissors; the torn edges will adhere more closely and give a smoother overall surface to the finished pinata.
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Copyright: Five Facts Every Scrapbooker Needs To Know!
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Woodworking Tools: Right Selection And Care Will Save You Money, Part 4
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Tips for Flower Arranging at Home
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Have you ever thought about signing on with a scrapbooking direct sales company, just to get the discount on your own supplies? It can be a great way to get your own product at a discount and meet other scrapbookers, but it's also important to read the fine print. Here are seven of the most important factors to consider:1.
Woodworking: The Best Wood For Beginners
Woodworking: Know Your WoodWood is made of cellulose fibers, held together with a property called lignin, and is classified as hardwood or softwood, depending on the type of tree from which it comes. In addition, sapwood or new growth wood on a tree is still alive, while heartwood refers to the part of the tree that is no longer functioning.
Working With Leather
This can be as simple & basic Or advanced & professional.There are many books, booklets, pamphlets, reprints, even articles describing how to assemble a simple article cut from a basic design which is purchased as a kit from a supplier.
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