One of the greatest and most preferred types of hobby is collecting. It is one form of hobby that entails the acquisition of certain items, particularly those that have value especially as it gets older.
By the time the passion for such collections grows deeper, the profit earned on such coins, stamps and currencies collection will entail you into more of business & trade. And as soon as they start collecting money, they finally realize the extent of income-generating potential of their collections, and so, they convert their stamp and coin collecting hobby into a more profitable endeavour.
Most people may know that collectible rare stamps have high price tags. The field of rare stamps is probably one of the fields that are not going to get affected by any economic crisis, no matter how harsh it may be. That’s the best part about rare stamps, they can never depreciate. The reason why this happens is because, the number of rare stamps is limited, so with the increasing number of collectors and intermediaries, there are not enough to go around. Therefore, we can easily observe that the demand is completely outweighing the supply. The larger the demand, the higher the prices get on rare stamps.
Buying 200 or 100 years old stamps is not the only way to make a stamp investment. Well versed stamp investors prospect various countries around the world that foresee economic growth in the long term. Investing in rare stamps will get you an annual return of at least 12%.
In order to ensure safety in every transaction, here is a list of some tips that every Stamp, Coins –Currency collector should know before engaging into a trade:
1. Make sure that the trader is trustworthy
2. Verify the state of the coins and the stamps
3. Learn to spot a good item from the bad one
Many collectors start by checking a note’s year of printing. The year of printing is called the series, meaning when the design of that particular note was authorized for printing as legal tender. Serious…