If you have that much money invested into your collection then why not insure it? After a certain amount it just makes sense to eliminate that worry from a financial point of view.
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Not really, I worried about it a little (in terms of a market crash) in the early days when my collection started getting into the tens of thousands, but it’s not something I really care or worry about these days. I’ve got confidence in the market and what I’m sitting on long term, and I’m in the position where if everything went to zero I wouldn’t be affected at all so it doesn’t bother me. I’d mostly be annoyed at the time lost if that scenario happened, because that’s something you can never get back.
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I went through a similar dilemma with my collection. My advice is this. Take down your collection, hold each item, and ask yourself: do I need this in my collection? If an immediate “yes” comes to mind, then keep it. If there’s hesitation, then put in the maybe donate/sell pile. This practice helped me downsize my collection to a much more manageable size, and now I’m more careful about my purchases than I used to be.
I think you’ll feel better once you sell/give away the stuff you’re not that passionate about; that way, in the (unlikely) event of a market crash, you’ll still have your favorite items to keep you happy.
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About 4 years ago my collection fit in my closet in my apartment. Then I moved to a house and it took up a whole closet plus overflowed into my office/storage room. Now I recently just bought my first house and I have a full room full and dedicated just for my collection. Not to garys warehouse status yet though. Then I might get scared.
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If you’re afraid of a “market crash” then you’re in it for all the wrong reasons.
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The only thing I think about if the market crashes is how many cool cards I’ll be able to buy at a low price
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I don’t agree, you can collect and enjoy something while still wanting it to retain its value, just because someone is nervous that they have a lot of net worth tied up in a hobby doesn’t make them in it for the wrong reasons.
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It kinda does, one should not be tied up in shit. I can’t see myself enjoying something while being nervous, that’s unorthodox. I recommend selling cards now if what you spent on them seems a tad bit unbearable.
I think some people can’t help but have doubt and worry and that it’s pretty natural process to go through when it comes to things of value. If someone spent $500k on a painting, they can still enjoy and own it but they might not be able to avoid the occasional thought that if something were to happen to the economy they could lose a large amount of value. That doesn’t mean they’re not enjoying owning it, that thought isn’t something that’s always on their minds, but it doesn’t mean the thought doesn’t come to pass sometimes.
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Although you’re right about the painting situation, I don’t think carrot has 500k worth of cards. That being said if he does and he’s broke then he should sell some. I still say you don’t worry about it and enjoy your cards @carrot. My collection has me so worry free that I tend to forget how large it is.
We are in this for the long haul. 20 years of pokemon and it’s still going strong. Chances of the market taking a dive are near unlikely anytime soon especially when profits have only been going up. Truth, if you want to see pokemon succeed make sure the next generation gets the same love for it as we 90s kids did. The trend has already started happening and kids still love it. I’m not worried over it. It’s risk if you look at it through value but so are lots of things in life. Can’t go living in a shell of constant worrying. Just enjoy it if you truly enjoy collecting. I personally collect because I love the cards their value is something I also look at and keep in mind but in this hobby I buy because it’s my hobby. If the market plummeted well that would suck but that’s where a stable job and income come into play. Being in the hobby to seek financial success is probably not the best way to go about it all. Setting goals through work and a career to end in financial success is probably a better direction and keeps the mind at ease.
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IMO, whether the market crashes or not is dependent on Pokemon maintaining its relevancy.
For Pokemon to ever become irrelevant Nintendo would have to make some awful business decisions or just end the franchise for no reason. Even then the collectibles might still maintain a high value or continue to increase. The games, the tcg and even the TV show are all timeless. Pokemon is historically important as well, so its very likely that people will have interest in the hobby long after the franchise has ended.
Right now my entire collection is pretty much funded by the hobby, so if things go bad I can’t really say I lost anything.
Haha…exactly.
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Exactly. It’s basically mario successful at this point I mean shoot Japan even has a Pikachu festival every single year in Yokohama, I think that speaks for itself about its success.
Hmmmm…after reading this thread I’m starting to get worried lol. Not really.
The collectibles I love are immune to how much outside interest there is or isn’t.
Somebody messaged me yesterday asking why I’m not also a serious seller. Somehow they knew I had only listed a few things this year on eBay. I probably know why but it’s a tough question to answer.
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I have a 6 year old nephew who found out I have a pretty decent Pokemon card collection, and he has been hounding me for cards since. I even convinced him to trade me his whoopie cushion (one of his favorite things) for some cards. When I was 6 years old, farts were in their prime of funny-ness for me.
So, no, I don’t believe there will be a market crash any time soon.
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Not market related but I think perhaps it might help you to set some specific collection goals as well. Find the sets, pokemon, card types or sealed product etc that you really love and focus on them. Try not to impulse buy, if you have cards you have fallen out of love with sell them and reinvest in a area of the hobby you can really enjoy and can appreciate.
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I’ve recently run into this delemma. I went pretty hardcore into buying stuff the last 2 years and it kind of got me thinking I’m now in too deep. After doing a lot of soul-searching I’ve decided to eliminate pretty much my entire collection that isn’t graded cards, which is like $20,000ish… I feel like if I’m going to keep any sort of collection I need it to be more liquid, which graded cards offer.
Now the annoying part begins of trying to liquidate all that which isn’t going to be an easy task.
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Feel like everyone on here has the same opinion; Spend money on what you like and enjoy, sell the rest. That is what i am doing. I love to buy bulks of forgotten cards. I keep the ones i collect and sell the rest. Main goal of my collection was to be able to buy a ring and ask my gf to marry me. DONE! 
After that, my main motivation is to complete the goals I have set for 2018 while making a profit or at least zero out (does this make sense? My english is limited when acting smart lol).
I also try to think ahead after some inspiration by this forum and Scotts videos. personally i am not interested in the newer sets. So i try to buy some packs and boxes here and there for my kids to open and enjoy in the future. Hopefully they will be a part of the new generation of Pokémon cards collectors. If not, I will either open them myself or maybe sell if they turn out to be in demand (I don’t think they will). I like to think of it as investing in the future either way.
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The biggest booms in the entertainment/collectible markets are during financial crises and political actions. This has been true for the past 100 years. You see, such circumstances chip away at our priority lists. Most the time, our love for our hobby’s are too far up the list to be affected as well as the release and joy they bring are even more important during difficult times;)
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