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Quiz: Should You Sell Those Collectibles for Cash?

Eight questions to consider before parting with treasured items


a parent tries to hand a box of collectibles to two people
Vidhya Nagarajan

This quiz was created with the assistance of generative AI. It has been reviewed by editors before publication.

Question 1 of 8

Why is it important to plan ahead for your collection’s future?

Planning is essential because many collectors discover that their children don’t want to inherit their keepsakes or don’t know how to sell them properly. You are in the best position to make informed decisions while you're still able.

Question 2 of 8

What is a good sign that it might be time to sell your collection?

A good time to sell is when you stop deriving enjoyment from your collection. Emotional attachment can make it difficult, but continuing to hold on when it no longer brings joy could lead to others discarding it later.

Question 3 of 8

What is one potential benefit of selling your collection now rather than later?

Selling your collection could help fund things like a grandchild’s education or allow you to fulfill other personal goals, making it a meaningful way to convert collectibles into a living legacy.

Question 4 of 8

What is the first recommended step when preparing to sell your collection?

The process should begin by getting organized — taking inventory, collecting receipts or records, and photographing items. This documentation is crucial, especially if working with dealers or auction houses, to verify authenticity and value.

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Question 5 of 8

Why might a yard sale not be ideal for selling valuable collectibles?

Yard sales are not good venues for valuable collectibles because neighbors typically look for bargains and may not recognize or appreciate the worth of your items.

Question 6 of 8

What is a major downside of selling on online marketplaces like eBay or Etsy?

Selling online often requires setting up accounts, writing descriptions, taking photos, shipping and dealing with returns. It can feel like running a small business, and not all items sell quickly.

Question 7 of 8

What is an advantage of hiring a professional dealer to sell your collection?

Professional dealers offer expertise, a built-in network of buyers and marketing tools like mailing lists and catalogs. They can often help get better prices with far less effort on your part, especially for specialized collections.

Question 8 of 8

If you're not ready to sell, what should you do to help your heirs?

Even if you're not ready to part with your collection, you can make things easier for your heirs by providing written instructions and contact info for relevant experts or auction houses. A simple note can help them avoid costly mistakes.

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