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10 Relatively Old Things That People Would Pay an Arm and a Leg For

10 Relatively Old Things That People Would Pay an Arm and a Leg For

The general trend is that along with the passage of time, the value of goods undergoes depreciation. The item is not much of use, any potential buyer is hard to come by and there’s not much of resale value. So longstanding possessions are more often than not discarded and sellers are more than happy to get rid of that old junk. Although this is the general trend, the value of certain items rises tremendously after a certain period, significantly more than their original worth, even when adjusted for inflation. This is when they become collectors’ items and are highly sought after because of their uniqueness, historical importance and sometimes even some mistakes.

Below, here are ten of such most valuable collectibles, for which people are ready to break their banks.

1. Action Comics No.1

action-comics

    The first issue of the Action Comics series, the Action Comics #1 is the most valuable comic of all time and among the most valuable collectibles across all genres. It spawned several famous comic heroes, especially Superman. It holds important place in comics history as it led to the emergence of the superhero genre. The comic book, created by Jerry Siegel and Joe Shuster, was published for the first time in June 1938. The original price of the book was 10 cents, but when it was auctioned on August 24, 2014, the owners of Metropolis Collections paid a massive sum of $3.2 million.

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    2. The Piano from Casablanca

    Casablanca-piano

      Starring Humphrey Bogart and Ingrid Bergman, Casablanca is a Michael Curtiz classic from 1942. Two identical pianos were used in this tuneful film. Of those two, one resides at the Warner Bros Studio in California and thus is unavailable for any massive sale at the moment. However, the other one is out on the market and is a highly desired collectible especially amongst film enthusiasts. It was sold for $602,500 in 2012.

      3. The Gutenberg Bible

      gutenberg-bible

        The Gutenberg Bible was written in Latin and printed in the 1950s using the Gutenberg’s printing press. It was a 42-line Bible. It was the first book to be printed in the West using movable type. It was printed in Mainz, Germany by the inventor of the printing press Johannes Gutenberg. The original price is known to be 30 florins, which was about three years’ clerk wages back then. It is estimated that around 48 copies of the book have survived in fragments or totality. They can be expected to cash in between 20,000 and 100,000 dollars.

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        4. 105 Year Old Master of Malt

        master-of-malt

          The only item of its kind, the 105 year old Master of Malt carries a whopping price tag of 1.4 million dollars. It is the oldest and second-most expensive whiskey in the world. The story of the whiskey, since its inception, is as remarkable as its price. Around 105 years ago, a terrible fire destroyed the Aisla T’Orten distillery, which had operated just for a day. Only one ceremonial barrel survived the disaster. After spending most of the time in Aberdeen, the then owner Allie Sisell sold the cask to Master of Malt in 2010. In the March of 2011, the 105 years old spirit amounting to 700 ml was bottled by Master of Malt and set at the enormous price.

          5. The Star Spangled Banner Original Sheet Music

          star-spangled-banner

            Heralded as one of the most tuneful and stirring national anthems across the globe, the US national anthem “The Star Spangled Banner” is the part of a poem written in 1814 by Francis Scott Key. In December, 2010, the only privately owned copy of the famed sheet music was auctioned at Christie’s for the staggering sum of 506,000 dollars. Eleven first-edition copies of this nationalistic tune were created. The remaining ten copies are present under organizational possession. Once, unfamiliar of its identity, the possessor at the time had sold it for just a dollar.

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            6. Treskilling Yellow Stamp

            treskilling-stamp

              The “Treskilling Yellow” holds several records. It isthe world’s most valuable stamp and also the most expensive item per weight. It was issued in 1955, the time when Sweden issued stamps for the first time. The postage stamps were issued in five different values from three Swedish skillings to twenty-four Swedish skillings with different colors for each of them. The three skilling ones were printed in blue-green while eight skilling ones were printed in yellowish orange. For some reason, some of the three skilling stamps were printed in wrong color. Only one copy of the item has been discovered and thus the piece auctioned for whopping $2.3 million is as exclusive as it can get.

              7. William Shakespeare Autograph

              shakespeare-autograph

                William Shakespeare is arguably the greatest writer of not only English language but of them all. His autograph is the most expensive autograph in the world and one of the most valuable collectibles of its kind. Only six copies of Shakespeare’s autograph are known to be in existence now. Three of those are linked to his will while the other three have been linked to the deeds of his house. These autographs are the only available handwritings of Shakespeare as manuscripts written by him have never been known. The autographs are believed to fetch anything between 3 and 5 million U.S. dollars although they’ve never been sold at auction, as of now.

                8. The Golden Giant Necklace

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                golden-giant

                  Antique jewelries are one of the most valuable collectibles, sought after by the collectors. People travel extensively searching for valuable and unique pieces of jewelries. As stated on the site Georgian Jewelry, Lisa Stockhammer traveled all over the world to become a jewelry expert. Even if you become an expert, you still might not find that one-piece of unique jewelry. The person who discovered the diamond piece of world’s largest diamond necklace happened to do it by virtue of supreme luck. The glittering rose gold necklace is valued at $55 million. The staple piece of the magnificent necklace, the ‘Golden Giant’ diamond is comprised of more than 407 carats and was discovered by a young girl in the Democratic Republic of Congo some thirty years ago.

                  9. ‘Lady Blunt’ Stradivarius Violin
                  lady-blunt-violin

                    ‘Lady Blunt’ Stradivarius is the most expensive musical instrument in the world now. This iconic violin was made by Italian craftsman Antonio Stradivari in 1721. It has been named after the first known owner Lady Anne Blunt, who was the daughter of Lady Augusta Ada of Lovelace. It is one of the two Stradivarius violins present now, the other being 1716’s Messiah Stradivarius. It was sold on 20th June, 2011 at online auction by Tarisio Auctions for $15.9 million, with the proceeds going to Earthquake and Tsunami Relief Fund in Northeastern Japan. It has almost forever been in the collectors’ hands and as such, hasn’t been used of much. So it’s in near original state.

                    10. The Card Players

                    the-card-players

                      250 million dollars shelled out for one of Paul Cezanne’s infamous painting ‘The Card Players’ make it the most expensive work of art ever sold and one of the most valuable collectibles. ‘The Card Players’ was a series of oil paintings by French Post-Impressionist artist Cezanne made in the early 1890s. Five paintings are known to have existed in the series, the paintings varying in size and number of players depicted. One painting of that series is the one holding the record after being bought by Royal Family of Qatar in 2011.

                      Featured photo credit: Columbian Issue via en.wikipedia.org

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                      Last Updated on June 6, 2019

                      The Average Retirement Savings and How to Save Wisely

                      The Average Retirement Savings and How to Save Wisely

                      Are you on track for retirement?

                      If not, don’t worry, I’m not sure either. I save each month and hope for the best.

                      Fortunately, I’m at an age where most people don’t save so I’m ahead of the curve.

                      But, what if you aren’t in your 20s? What if you’re near retirement and are looking to gauge where you stand?

                      If so, keep reading. Here’s how to prepare for retirement and save wisely during the process.

                      What Does the Average American Have Saved for Retirement?

                      Saving for retirement is tricky.

                      Tell someone straight out of college to save $10k a year for retirement and it’ll be next to impossible.

                      Make the same request to someone decades older and they’d be more likely to be able to save this amount. But, a 20-year old college student can be “financially ahead” of someone saving more than them. Why?

                      Age matters in your financial journey. The younger you are, the more time you have to save and put compound interest to work. As you get older and have more saving power, you’d have less time to put compound interest to work.

                      Here are the average savings Americans hold by age bracket:

                      20’s – $16,000

                      During this stage, most people are paying loans and moving up the corporate ladder. Your best bet during this stage is to focus on eliminating debt and increasing your income. Don’t focus only on getting a high-paying job neither.

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                      Instead, focus on learning via Podcasts, reading books, and taking specialized courses. Doing this will make you more valuable and give you more career options.

                      30’s – $45,000

                      At this stage, you’ve hopefully escaped your entry-level salary and work at a career you enjoy. Your earning power has increased but you now have more obligations. For example, marriage, kids, and a mortgage.

                      Set a plan to pay off all your debt and focus on eliminating unnecessary expenses. Leverage financial tools like Personal Capital to ensure you’re on track for retirement.

                      40’s – $63,000

                      This is the stage where you’re at the prime of your career. Top financial institutions recommend you have at least 2 to 4 times your salary saved up. If you’re falling behind, start maxing out your 401K and Roth IRA accounts.

                      50’s – $115,000

                      During your fifties, you’re close to retirement but still, have time to save. You may be helping your kids pay college tuition and other expenses. Since you’re at the peak of your earning power, max out all your retirement accounts.

                      60’s – $172,000

                      By this point, you should have about eight times your salary saved up. If not, you’ll depend primarily on social security benefits averaging $1400 per month. Max out all your retirement options as much as possible before retiring.

                      Ways to Save Money on a Tight Budget

                      The sad reality is that most Americans aren’t saving enough for retirement.

                      Even high-earning power isn’t enough to secure one’s financial future. You need to have the discipline to save for retirement while time is in your favor. Don’t wait for you to have a high salary to save, start with having a small budget.

                      First, get a clear picture of where you stand. Write down a list of “needs” and “wants.” For example, Netflix and Amazon Prime are “wants” and a “cell-phone” is a need.

                      Use tools like Personal Capital to analyze your spending patterns. Personal Capital allows you to add all your financial data in one place–making it a powerful option to gauge where you stand.

                      Once you know all your expenses, organize them from highest to lowest expense. When you can’t cut more expenses, call your service providers to negotiate a lower price. If you’re not good at negotiating, use services like Trimm to lower your monthly expenses.

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                      How to Save Money Each Month

                      By this point, you know the average amount of money you should have saved for retirement based on your age.

                      But, breaking this down into monthly goals can be challenging. Here are some rule of thumbs to follow:

                      Aim to contribute 10%–15% of your salary each paycheck. Review your progress each week.

                      Why so often? The reality is that life gets in our way and you will have many financial setbacks. Your goal isn’t to be perfect but to get back on track instead.

                      Reviewing your finances weekly lets you know where you stand with your retirement. This doesn’t have to be a long process either. All it takes is login in Personal Capital to view your net worth and check how much you have saved for retirement.

                      Turn saving into a game and aim to save more each month. It will get challenging but you’ll get creative and find more ways to save.

                      Top Money Saving Challenge Tips

                      To prepare for your financial future and not be another statistic you need to be different.

                      How?

                      By adopting new habits that’ll help you become a saving machine. Here are some ways you can save more:

                      Automatically Contribute Towards Retirement

                      If you’re working for a company, you can automatically contribute towards your 401k. If you’re not currently contributing more than 10%, make this your goal. Contribute 1% more today and automatically increase this amount a year from now.

                      Odds are that you’re not going to be negatively affected by contributing 1% more. Many times we spend our money on things we don’t need. Contributing more towards retirement is a great way to secure your financial future.

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                      Use the Right Tools to Know Where You Stand

                      Once you’re contributing more towards your retirement accounts, gauge your progress. Make use of finance tracking apps to help you view the big picture of your retirement.

                      When I’d first signed up for the app Personal Capital, I didn’t know I had a negative net worth. Despite saving thousands of dollars, my debt brought my net worth to the negative. Knowing this motivated me to save more and spend less.

                      Now, I have a positive net worth. But, it was because I was able to view the big picture using the app. Find out what your net worth is using a finance tracking app and you may surprise yourself.

                      Bring in Experts to View Your Blind Spots

                      If you have too little or too much money saved, you should consider hiring financial experts.

                      Why?

                      You may need someone to hold you accountable to help you reach your financial goals. Or, you may need help managing your money as effective as possible.

                      Regardless of the reason, getting help may help improve your financial situation.

                      Before you hire an expert, find out which areas you need help the most. For example, if you’re constantly overspending, find a debt counselor. If you’re struggling with choosing the best investment options, hire a financial advisor.

                      Speed up Your Retirement Contribution

                      After learning how to manage your money well, the next best thing is to earn a higher income.

                      You’re capped at how much you can save but not much you can earn. Even if your employer isn’t giving you a promotion, you can still take charge of your financial future. How?

                      By starting a side-business.

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                      This will be something you’d work on after you’ve finished your day job. Once you start earning income from your side-business, you’ll be financially better off.

                      The best part is the more work you put into your side-business,[1] the more potential it has to earn more money.

                      So start a side-business in an area you’re familiar with. For example, if you enjoy writing, do freelance writing for small e-commerce businesses.

                      Once you’re earning a higher income, you can contribute more towards your retirement. Don’t wait for the right opportunity to secure your financial future, create one.

                      Reach Financial Freedom with Confidence

                      What if you were able to retire tomorrow with no problem, all because you’d have enough money saved up and little to no debt left to pay off? How would you feel?

                      My guess is that you’d feel happy and relieved.

                      Most Americans are falling behind their retirement goals for many reasons. They’re not prepared, they carry bad money-habits and are thinking short-term.

                      For you to retire successfully, you need to work backward and adopt better habits. Contribute more towards your 401K and focus on growing your income.

                      If you do, you’ll save money and pay debt faster.

                      Don’t beat yourself up if you’re behind your retirement goals. Take the first step today towards a brighter financial future. Isn’t retirement worth the hard work and sacrifice to be at peace?

                      Featured photo credit: Huy Phan via unsplash.com

                      Reference

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