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Old 07-26-2013, 08:35 PM
 
Location: Chapel Hill, N.C.
36,434 posts, read 41,620,437 times
Reputation: 46994

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In the 90's I had a successful Toy and Doll Shop. People couldn't believe i refused to carry Beanie Babies. But I decided not to after I heard other merchants talk about how their phone would start ringing off the hook as soon as school got out with kids going down the list looking for certain BB. Shop lifting became a huge problem, Fist fights over BB and zall sort of other ridiculous behavior. I once had a man in my shop telling me how he took his family's savings account to buy all the BB he could find. he was beaming and so proud as he listed all the "rare" BB he had. I thought how pathetic a grown family man could be suckered into this ridiculous fad. He said he was uncomfortable with the stock market cause he didn't know anything about it but he studied BB and knew what he was doing. yeah right. wonder where he is now.

Beanie Babies Mania Ends in Bankruptcy - ABC News
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Old 07-26-2013, 09:05 PM
 
4,230 posts, read 5,737,784 times
Reputation: 10032
This could extend to comics, sports cards, repo coins etc.

Aka the white trash stock market.
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Old 07-27-2013, 05:50 AM
 
2,777 posts, read 2,910,928 times
Reputation: 2312
Bubbles come and go, some faster than others.
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Old 07-27-2013, 06:19 AM
 
8,854 posts, read 7,336,479 times
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Quote:
Originally Posted by Fargobound View Post
This could extend to comics, sports cards, repo coins etc.

Aka the white trash stock market.
Back in the 1990s, out of nostalgia I walked into a comic book store and overheard a guy asking to have a comic appraised and it was appraised at a few hundred dollars. After the guy left, I asked how should I go about buying comics as an investment. The salesman gave me very good advice. He said to just buy what I like, not what I think will be valuable someday. That way I wouldn't have wasted my money if the value doesn't increase. I found several titles I enjoyed reading for several years, and some limited production independent comics with great artwork,...all of which I like. I still have some of those comics, but not for investment. Have them in a single box in a climate controlled storage container along with other things belonging to my wife and I that we just don't have room for but have a personal family attachment so we don't wish to sell or give away.
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Old 07-27-2013, 07:07 AM
 
Location: Upstate NY
30,402 posts, read 9,086,867 times
Reputation: 28945
People should collect items for their own satisfaction, not as an investment.
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Old 07-27-2013, 09:40 AM
 
Location: Looking over your shoulder
29,745 posts, read 26,775,195 times
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It’s a commodities market with supply and demand. You can corner the supply and buy all of the items up, hold on to them for a while but then you have to introduce a demand to others which isn’t easy when it comes to items that are not a necessity in life. The Hunt bros. cornered the market in sugar years ago and drove the price sky-high then released their supply slowly to allow them to make huge profits on just sugar. They did the same thing with silver as well. Beanie babies are never going to be a valued collectable.
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Old 07-27-2013, 05:30 PM
Status: "My eyes are rolled back so far I can see my brain." (set 10 days ago)
 
Location: Here.
13,367 posts, read 11,875,084 times
Reputation: 15706
Never buy something that is produced in the millions expecting to make money off them someday.
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Old 07-27-2013, 08:59 PM
 
21 posts, read 27,521 times
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I hate to be mean but those people who bought BBs as an investment were daft.

Toys can indeed become valuable collectibles but it almost never occurs when the toy in question is touted as an investment and then produced in abundance.

An original barbie is valuable precisely because nobody was told at the outset that it was going to be worth a lot of money one day. So few people kept them and they ultimately became scarce.
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Old 07-28-2013, 08:47 AM
 
14,253 posts, read 14,738,973 times
Reputation: 13611
The problem is that many people confuse 'collecting' with 'investing'.
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Old 07-28-2013, 09:14 AM
 
2,379 posts, read 4,283,584 times
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MIL was big into these things. I can remember sitting on the FLOOR to watch tv all my first visit with them because they (the "babies") were all arranged on the couch and loveseat, MIL an FIl had their easy chairs and there was no where for guests to sit. I was a young newly married and still trying to be polite and make a good impression so I resisted my urge to sweep them onto the floor so I had a plce to sit through endless episodes of Law and Order....

FF to now, narly 20 years later. MIL and FIL divorced, lost house to foreclosure after 45 years of paying mortgages (took out every nickel's worht of equity every time they refinanced) Literally - no assets, lost both cars..... no savings, retirement accounts, nothing of value. So we make the trip down there so MIl can meet her granddaughter. She's living in crappy little apt, and sure enough - there's the "babies" arranged on the couch, loveseat and extra chair. Had to shove a few over to have room to perch on the edge of the couch....

My 3yo picks up and starts loving on one of the babies, MIL reluctanly decides to give her one , just not that one, cause you know it's "rare" and might someday be worth something again. But of course, My DD down'st want the koala, teddy, snake, etc... she wants the damn flamingo. Finally, she agrees that DD can have the flamingo. Thought she was going to have a heart attack whne the first thing DD was tear off the tag (still in its little protective case)

As a side note, there are several organizations that collect beanies babies for troops. They fit nicely in cargo pockets and are great for giving out to local children. Alot of military make orphange visits as well, they are a big hit there...
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