9 Completely Worthless Collectibles
FRANKLIN MINT COLLECTIBLES From die-cast cars to Marilyn Monroe dolls to the official coin sets of the world, the Franklin Mint sure knows how to make items with absolutely zero resale value. Sure, the Franklin Mint gets plenty of buyers to pay $260 for its silver medallions struck with the faces of every U.S. president, but it can't make them sell for more than $65 on eBay.
"They produced a lot, they advertised, but their items don't have much value," Kahn says. "Like Rockwell Plates, it's hard to get anything for them -- you could sell them in a 99-cent store and you'd have a hard time getting it to sell."
If collectors are lucky, they'll get the "melt value" of their coins, which is the exact worth of the small amounts of precious metal the coin actually contains. In fairness, the mint doesn't guarantee or allude to an increase in value and isn't the only such organization to peddle perfectly useless items to potential collector investors.The Danbury Mint also stocks keepsakes such as Michelle Obama inaugural dolls, Department 56 holiday homes and $99 Elvis TCB diamond pendants that, Kahn says, depreciate significantly once they are bought thanks to overproduction and a distinct lack of secondary interest. "To go to a store and buy one of these items at retail price ... you're losing money," Kahn says. "Cars used to depreciate 10% when you drove them off the lot, but when you take collectibles like these out of the store, you lose about 80%."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV