- Dec 24, 2019
- in News
What’s It Worth? How is the value of collectibles determined?
Our goal at CX is to provide you with the best customer experience possible. In order to do that, we will be sending you a weekly newsletter to keep you up-to-date on all things CX and collectibles in general. Some of our letters will tell you about our newest products, latest deals, upcoming signings and featured items. Other posts will simply educate you on the collectible industry so you can better utilize our site to your liking. Along the way, we encourage you to reach out to us through email and social media to let us know what you are thinking, what products you are looking for, what questions you may have about your own pieces, etc. We are here for YOU.
Probably the most frequently-asked question we get at CX is “What’s my item worth?” Many factors determine an item’s value. Since every piece is unique, there’s not one blanket answer, but a good place to start is rarity. Like any other good, the rarer a collectible is, the more valuable it tends to be. Another major factor is who the piece is signed by or belonged to. The more noteworthy the person is, the more money the item will command. Quality is also important when determining a collectible’s value, as collectors will always dish out more dough for a piece in better condition. If the item is signed, the quality of the signature itself is very important to its value. You want a clear, bold autograph that’s easy to read. An inscription, like “World Series Champs”, tends to increase the rarity, and therefore the value, of the piece. A personalization, like “To Johnny”, tends to decrease the value of the piece because it limits the amount of people who want to buy it. Some items contain multiple signatures. If the signatures are random, they are typically value decreases. However, if the signatures have some sort of commonality, like on this 1986 New York Mets Team Signed World Series Baseball, it can up the value. Finally, market trends are also important to understand. If a player, team or sport is currently “hot” or in the news, chances are related collectibles will see a spike in value.
Of course, none of the above principles matter if your piece is not authentic. That’s why we at CX take so much pride in guaranteeing authenticity. Unlike a lot of other online marketplaces, every piece that is bought and sold on CollectibleXchange comes directly to our headquarters for authentication before you receive it, so you always know that what you’re getting is the real deal.
Now that you know more about the appraisal process, you’re ready to shop like a pro! And if you’d like to find out what YOUR items are worth, or whether they’re real, send them to us and we’ll happily authenticate and appraise them for you!
Your Friends at CollectibleXchange