Question on SA Honor daggers

[11C]

As with any antique business, quality and rare will always sell and the hobby has paid for its self and has done very well for me. I have kept the cream and will sell as retirement time goes along. Daggers and medals have been better than my 401K and the only other party that is making money with my relics is the government in taxes.

Call me when you "start" to retire.......... You have the best in the hobby.

[BrianK]

If you start by investing at the bottom, back in the day, any investment is good. 20 years from now with daggers, I have my doubts - the average 20 something guy wouldn't even know what you're talking about.

[patrice]

As with any antique business, quality and rare will always sell and the hobby has paid for its self and has done very well for me. I have kept the cream and will sell as retirement time goes along. Daggers and medals have been better than my 401K and the only other party that is making money with my relics is the government in taxes.

If this is the case Ron, then for goodness sake change your broker.
I started collecting in 2000 and if we make a comparaison since then, the NY stock exchange average return has been 7%. Which means that if a near mint SA and SS were retailed at $ 700 and $ 2500 in 2000, they would be worth today $ 1800 and $ 6000 at a 7% compouded interest. Considering these figures, someone could indeed claim that money invested in stocks would've brought you the same return. However, if you consider your return on "common " blades even in top conditions, such as Luft, Armies, Kreigsmarine, then you are in for bad news, you've lost money. It is easy to say that high end artifacts in mint condition will bring you a good return but how many of you have high end daggers ? Can most of us afford a common SS M36 in near mint condition for $ 10,000 ? Or a simple SS EM for $ 6,000 ? Let's forget about the Luft and Army Damascus, SS and SA Honor, these are out of reach for 99% of us. If you had bought 14 years the best Army, Luft and Navy daggers in the world, I don't think you would have made any better than stocks, no way.

My advice, don't always believe what you read.

[The Red Baron]

If you start by investing at the bottom, back in the day, any investment is good. 20 years from now with daggers, I have my doubts - the average 20 something guy wouldn't even know what you're talking about.

I agree with the first part . . . but as for the 20 something guy not knowing anything about daggers....

[kiwitedferny]

If this is the case Ron, then for goodness sake change your broker.
I started collecting in 2000 and if we make a comparaison since then, the NY stock exchange average return has been 7%. Which means that if a near mint SA and SS were retailed at $ 700 and $ 2500 in 2000, they would be worth today $ 1800 and $ 6000 at a 7% compouded interest. Considering these figures, someone could indeed claim that money invested in stocks would've brought you the same return. However, if you consider your return on "common " blades even in top conditions, such as Luft, Armies, Kreigsmarine, then you are in for bad news, you've lost money. It is easy to say that high end artifacts in mint condition will bring you a good return but how many of you have high end daggers ? Can most of us afford a common SS M36 in near mint condition for $ 10,000 ? Or a simple SS EM for $ 6,000 ? Let's forget about the Luft and Army Damascus, SS and SA Honor, these are out of reach for 99% of us. If you had bought 14 years the best Army, Luft and Navy daggers in the world, I don't think you would have made any better than stocks, no way.

My advice, don't always believe what you read.

We small country guys have to factor in an additional variable: Exchange rate on our dollar. A small economy like ours sees currency exchange rates go up and down like a whores knickers. That has a huge effect on the 'win-lose' scenario.

[Barry Brown]

We small country guys have to factor in an additional variable: Exchange rate on our dollar. A small economy like ours sees currency exchange rates go up and down like a whores knickers. That has a huge effect on the 'win-lose' scenario.

Very true, Ted.
I can remember the UK/US x rate being $2.4 = £1.00 back in 1979, then it was buy, buy, buy!!!. Later, in 1985 the x rate was $1.3 = £1.00, then it was sell, sell, sell!!!

[BrianK]

I agree with the first part . . . but as for the 20 something guy not knowing anything about daggers....

You are obviously above average....

[Bob Hritz]

God Bless your broker who could make you 7% in the recession. Marry his sister and keep him locked away. I lost a couple of hundred thousand during the same period, in the market.

Collect for fun, not investment. If your material appreciates, that is a wonderful bonus. Do not spend necessary living funds on collectibles. Collecting is for disposable income.

I have had time on my side and over 50 years of collecting, the prices have escalated. I do not invest in militaria, I collect it.

Have fun and remember, this is a hobby and is supposed to be fun.

Bob hritz

[patrice]

Have fun and remember, this is a hobby and is supposed to be fun.

Bob hritz

Thumbs up !

[busterz111]

I love when millionaires knock horns....

[kiwitedferny]

I love when millionaires knock horns....

Silence, peasant!

[The Red Baron]

Silence, peasant!

haha

[The Red Baron]

You are obviously above average....

Thanks haha; I wish there were more 24 year olds collecting SS daggers and such! I've a few older guys who fit the bill though!

[BobI]

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I think you truly need to love the hobby to appreciate what you have, this also means to be good at it. For the money some people spend on our treasures it would be naive to not consider it an investment.
I guess I am a mid age collector turning into one of the old ones, I have been collecting for 35 years. From what I have seen there are two ways to go about it. Some of these trends are very apparent in today's market. If you buy so-so items at top retail, expect a very long time to get your money back and make some, not a great investment. If you buy high quality items for the best price you can, you can often do very, very well. If you buy top quality items at top retail you will still probably be OK. One of the tricks I tell people is, if you need to sell "NOW", you probably will not do well. If you can take your time and find the proper buyer, you will probably do very well.
BTW, if there are any 15K SA High Leader daggers out there that are not piles of dog do, call me!
Mis Dos Pesos!
Bob
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[Serge M.]

I guess I need to clarify my earlier statement:
>>A 'restored' SA high leader will get perhaps 15K+ from a deep-pocket newbie, then left salty.<<

$15K+ more than a unrestored dagger. ( my own raw estimate)

I also would like to buy them at $15K...restored or not...step right up !


-wagner-