Combed from an article by Rose Reilly.
If you find joy with these items, then they are not worthless. However, the fact that they give you satisfaction does NOT translate into their being able to command high prices on the resale market.
- Ty Beanie Babies
- The Majority Of Vinyl Records
- Norman Rockwell Collector Plates
- Pez Dispensers
- Pandora Charms
- Newer Star Wars Toys
- Royal Family Memorabilia
- New Comic Books
- Stamps
- Pogs
- Antique Silverware
- Porcelain Dolls
- Model Train Sets
- Barbie Dolls
- Vintage Playboy Magazines
- Precious Moments
- Cabbage Patch Kids
- Baseball Cards
- Funko Figurines
- Hummel Figurines
- Franklin Mint Collectibles
- Vintage Band T-Shirts
- Film Cameras
- VHS And DVD Collections
- Morgan Dollars
- Indian Head Pennies
- Happy Meal Toys
- "Brown" Furniture
- Children's Books
- Vintage College Pennants
- Hot Wheels
- Autographed Sports Memorabilia
- Cookie Jars
- Souvenir Bells
- Salt And Pepper Shakers
- Old Playbills
- Thomas Kinkade Collectibles
- Hess Trucks
- License Plates
- Vintage Pins
- Vintage College Clothing
- Wheat Pennies
- Costume Jewelry
- Farm Tools
- Unremarkable Vintage Clothing
- Disney VHS Tapes
- Pokémon Cards
- Old Newspapers
- iPods And Other MP3 Players
- Patchwork Quilts
Some commonalities:
The medium is not archival-durable. Beanie Babies? Get real. VHS tapes, nearly everything made of fabric. Anything made of wood-pulp paper.
The items were mass produced by the millions or billions. Hummel figurines were stamped out like pop-bottle caps. McDonalds Happy Meal Toys even more-so. Coins. Hot Wheels. They don't have the artistic detail or rarity to appreciate in value.
Many of them were sold (new) by hucksters at inflated prices. The hucksters sold them as speculative, profit generating vehicles. "It doesn't matter that I am charging you five-times what they are worth because they will be worth even more tomorrow."
Many of them had little intrinsic, underlying function. They were ornamental/dust-collectors. Cameras, farm tools, quilts, vintage clothing, "brown" furniture and MP3 players are exceptions to that.
Many of them "created rarity" by proliferating variants. Beanie Babies and (vanity) license plates being prime examples.
Of the items like coins and stamps, the market-makers create a market with extreme concave-up quality/price characteristics. They can sell you a coin as super-duper extra minty prime good in 2015 and then grade it as super-duper extra minty good in 2026 when you sell the exact same coin back to them and you will lose money even though prices relentlessly rose in the intervening 11 years.
Another factor that comes into play with stamps and coins is that many collectors will sell a "lot" of their collection when they need some money. The market-maker only needs to mark down the quality of one high-value items to low-ball the entire bid. Of course, the market-maker marks up the quality of that item when he resells it.
To quote Ken (Stan) Howell, the wine expert at Michigan State University in the 70s and 80s "A good wine is any wine you enjoy." If an item gives you joy, it is good. But don't spend your hard-earned money on something that gives you fleeting joy just because a "market-maker" tells you it is guaranteed to make you a fortune.
I am in favor of buying out-of-fashion items that provide solid utility to the user when the price is right. But buy them for their utility and personal, sentimental value. Don't expect to make a fortune on your collection of Harmony House, Sage Green china. Buy it because that is the pattern that Grandma had and it brings back very fond memories.
And it may come to pass that your solid oak and sugar maple, vintage furniture will still be soldiering on while four generations of disposable, minimalists, IKEA, tropical-hardwood, press-board vundar-furniture has been sent to the landfill.
Hat-tip to Lucas Machias the tireless.