Starting a Collection the Right Way

Expert appraiser Elyse Luray points out some things to consider when assessing the potential value of a yard-sale purchase.

Appraiser Elyse Luray

Condition is one of the most important things to consider when collecting. What condition is the item in? Are any pieces missing?
Look for rarity. Rarer pieces are more valuable.
Is there a club or a book devoted to this item? If so, it may already be collectible, or chances are it soon will be. Beware of price guides as the values are always changing.
How long ago were these items made? Something that is not yet that old may still be very affordable, with great potential to increase in value.
Beware of limited editions. They often do not increase in value. It's better to collect one-of-a-kind pieces.
Look for comparables: Are there others on the market? If so, how are they priced?