Sadly years of collecting many popular collectible items, no longer have resale value. If you are a collector of any of the following items, enjoy your collection for the joyous moments it gave you, but do not expect to leave a legacy behind or cash in at the resale market. Many of these have lost all their value.
After reminiscing about my travails with collecting Beanie Babies, I happened upon an article by Terry Kovel in Bottom Line Personal. As an avid collector of Depression glass and several other collectibles from my grandmother's era, I have several books by Terry and her husband Ralph. They are expert on antiques and collectibles, so they know what is in and what is not.
In the March 15, 2012 edition of Bottom LIne, a headline caught my eye. Collectibles not worth collecting, 10 Collectibles NOT Worth Collecting Anymore.
- Hummel figurines
- Anything made by the Franklin Mint
- Longaberger baskets
- Limited-edition Barbie dolls
- Thomas Kinkade paintings and prints
- Autographed sports memorabilia
- Vintage metal lunchboxes
- Cookie jars
- China sets
- Collectible plates.
So how does this affect me? I have been a collector of many things over my life. As a teenager, I was madly in love with the pop stars like Frankie Avalon, Fabian, Ricky Nelson and a few more from that generation. I was the typical baby boomer teenager. those old 45 RPM records that we used a plastic insert for the large hole in the middle so they fit on our record player or hi-fi.
My first and only Hummel was not even a real Hummel, but I liked it and even wrote my name on the base in orange nail polish. So much for its value.The younger generation has little interest in these statues.
The Franklin Mint never really caught my attention, but they did have some cute items, but I passed on them. The medals and coins have meltdown value, but it is just a fraction of the original selling price. Danbury Mint and Royal Copenhagen, makers of similar items have very little value too.
I have about five Longaberger baskets, but know a few friends who had several of them and were hooked on their parties. Hostesses of a Longaberger party could get items that attendees could not; so the incentive to have parties was like an epidemic. Their prices were too high for me and I never fell into the habit, but attended a few parties as a favor to friends. The Longaberger resale market has collapsed, leaving little resale value even to the best of the lot.(Image: Morguefile)
Limited-edition Barbie dolls were purchased for my daughter when she was young, she played with them, as a child while my son had his G.I. Joe and the thrill wore off quickly for both of them.Due to the fact that limited-editions were mostly purchased for investments and never played with, there are more around in mint condition lessening their value. The early 1959 and 1969 Barbies in top condition still have the most value.
Thomas Kinkade paintinga and prints were something I truly fell for, but had no wall space for. I opted for the village houses and buildings. One arrived every two months or so and I still have them in the styrofoam boxes they arrived in. I used them quite a bit, but now have little room for them. When assembled with the working lights, they are beautiful. I liked them so much that I have a set of summer scenes and Christmas scenes but no room for them to display at the present time.
Autographed Sports Memorabilia has declined sharply in value in the past decade. So many forgeries have been discovered, that unless a proof of authenticity verified by one of the top authentication companies; it is not worth it. If you ask an athlete to sign something for you, have a picture taken with the athlete as proof of the authenticity.
Vintage Metal Lunchboxes have lost interest to the collectible market, if you have a Star Trek or Batman lunchbox, they may be of interest to the Star Trek or Batman collector, but not the lunchbox collector.
Cookie Jars were big in the late 80's after Andy Warhol's cookie jar collection sold for high prices. After collecting several cookie jars, many collectors found that their value was because they belonged to Andy Warhol and no other reason. Now very few cookie jars sell for more than $50.
China Sets have declined in value and now sell for about half of what they used to. These include Lenox, Royal Copenhagen, Royal Worcester and Wedgewood. Flowery patters like Haviland and that genre are the lowest on the collectible scale.
Collectible Plates featuring the likes of Norman Rockwell or LeRoy Neiman are worth less than $5 on the resale market, but only if they are prior to 1980, later ones have no value at all.