9 minute read
Collector’s Corner
34 HOME SPUN Collecting For Investment
Recently I was asked into the home of a Collector to asses their collection. These folks wanted to liquidate their items by sending them to auction. They had been collecting for years. They believed in the philosophy of putting their extra money into collectibles as an investment. They were now at a point in their lives where they wanted to sell the collection, buy an RV and travel. It was great hearing the enjoyment they had over the years of searching out and buying items for their collection. Auctions, yard sales, flea markets, crafts fairs, they were excited when relating the different stories of procurement.
Unfortunately the house was full of Bradford Exchange and Franklin Mint type of items, including hundreds of plates.They were especially excited about their “Native American” collection, which consisted of tourist type Navajo “Kachinas,” low end split stitch baskets (along with import baskets) and dozens of signed prints by artists most people had never heard of. There were knock-off bronzes and mass produced statues made of pewter.
I do not judge anybody, and this kind of stuff is fine to buy if you want decorative items that do not cost much to decorate your home with. However, these types of “collectibles” are rarely a wise investment. They are decorative items, and home decor is rarely “collectible” or valuable later on.
I did not have the heart to tell them that in my opinion, they had not “collected well” as far as an investment goes and there was very little monetary value in the collection. And that the “tens of thousands” of dollars they thought they would get at an auction was actually a couple thousand dollars worth (at best) of yard sale or flea market items. I politely declined the consignment.
This little exchange got me to thinking—hence this month’s article.
I am a big proponent of collecting. I have always said it is nice to be surrounded by your savings accountable while enjoying it in your home, instead of having it all locked away in a bank somewhere. However, when collecting as an investment, we need to get educated on what we are doing! You would not (or should not) invest in the stock market, not having a clue as to how the stock market works. You should not invest in real estate blindly or buy it just because it is “cheap.” As a matter of fact, a wise investor does not invest in anything without having a good general knowledge of what he or she is investing in—and preferably also get some advice from an expert in the field.
An educated collector would not buy “collectibles” for investment that were made in China for a corporate giant. Or buy “crafts” from road-side vendors near points of interest for the tourists or buy spurs made in Japan from a western store. Remember, just because it was a “deal,” does not mean it was a good buy. There is “cheap” and there is “inexpensive.”
One of the first rules of buying as an investment is— don’t buy junk! Know the market on things you collect. If you collect coins, know what they are worth and which ones are practically worthless. If you collect stamps, know the market. If buying art is your thing, most knowledgeable collectors will advise you to stay away from prints (with very few exceptions). If buying Native American arts and crafts, know that even though it may be “Native American made,” that does not necessarily mean it is a collectible, learn the difference between quality, handmade items and “crafts” which are hastily put together. Quality is quality, no matter who made it. Sure, buy certain items because you like them, that is perfectly ok, but do not think you are buying them as an “investment.” There is a difference between collecting just because in item pleases you and actually making a potential investment.
Another thing to realize is what you paid for an item does not usually matter when it comes to re-selling. Remember the markets can and will change. Know the current market.
Other basic things to remember when collecting for investment:
*Start small and collect what you like, but remember, quality is important.
*Things made to be collectible—rarely are. This includes pretty much all kinds of commemorative or mass produced items.
*Mass produced items do not necessarily just come from large companies. Check out most any gift shop for examples of crafts that are collectively mass produced by groups of people.
Jim Olson © 2020 WesternTradingPost.com
JUNIOR RODEO COWBOYS ASSOCIATION JRCA
RODEO SECRETARY Marcy Sessions - JRCA Rodeo Secretary 1504 El Paso \\ Wellington, TX 79095 806.205.0350 marcy.sessions@gmail.com www.jrcarodeo.com
2018-2019 DIRECTORS/OFFICERS
President Kevin McCreary 15512 S. Georgia Amarillo, TX 79118 806-674-5601
Vice President Dustin Pool (806) 584-7504
Secretary Shawna Lamb (806) 681-4000
Treasurer Leslie Bruce (806) 346-4803
Payout $17,800 including $6,200 added money in the average $68,000 in prizes including 110 buckles and 25 saddles
2020 JRCA SCHEDULE
March 21-22 Vernon, TX Entry Deadline:March 6 ~ Late Entry Deadline: March 13 $15 per contestant/per day
April 25-26 Childress, TX Entry Deadline: April 10 ~ Late Entry Deadline: April 17 + $15 per contestant/per day
36 OUR MISSION The Junior Rodeo Cowboys Association (JRCA) is a non-profit organization serving the rodeo interests of youth, ages 3-19, from across the Texas Panhandle, Northwest Texas and Western Oklahoma. Organized in 1998, the JRCA maintains a large membership, which is reflected by its 185 members from the 2017 rodeo season.
July 11-12 Wellington, TX Entry Deadline: June 26 ~ Late Entry Deadline: July 3 + $15 per contestant/per day
July 24-25 Levelland, TX/Finals July 12 No late entries taken
July 26 Levelland, TX/Awards
Mail to: Marcy Sessions Include a separate check for membership fees. 1611 El Paso Wellington, TX 79095 Membership form, birth certificate and W-9 are due by (806) 205-0350 the entry deadline of the first rodeo you plan to enter.
CITY _____________________ ST_________ ZIP ____________ Father/Guardian Name___________________________________ Cell phone (_____ )____________________ Mother/Guardian Name___________________________________ Cell phone (_____ )____________________ ***Best phone number to be reached by*** (_______)______________________________________________
AGE AS OF September 1, 2019____________ Birth Date: ___________________________ Sex: __________
Membership Fee(s):
First Member - (includes a subscription to Cowboy Times) - $75
Two or more members (Family Membership) - $150 OR
*$250 in sponsorship(s)
*If you choose to do the $250 ofsponsorships in lieu of your 2019 membership fee(s), it is due at the same time membership form is turned in. No exceptions.
2020 JRCA RELEASE
I/we the parents or legal Guardians of______________________________________, a participant in Junior Rodeo Cowboys Association, do hereby grant and duly authorize permission to any adult to administer first-aid and/or seek medical attention for my son/daughter if and when such attention is deemed necessary.
I/we the parents or legal guardians of the above-indicated participant in Junior Rodeo Cowboys Association do hereby agree, permit, and consent for my son/daughter to enter all events circled on any and all entry forms submitted by my son/daughter to JRCA, sanctioned rodeos; and will not hold the JRCA, it members, sponsors, directors, and any and all host rodeo clubs or organizations that may produce or sponsor rodeos connected with JRCA responsible in case of any accident or injury to my above named son/daughter during the rodeo year of 2020.
I/we the parents or legal guardians of the participant above have read and are familiar with the rules and regulations governing membership and competition in the JRCA and do hereby agree to support and abide by these rules as printed in the 2020 JRCA rulebook and as posted on the JRCA website.
I/we the parents or legal guardians of the participant above indicated do hereby assume full financial responsibility for all medical aid rendered covering the rodeo year of 2020 and do hereby release the JRCA for any accident, injury, theft, loss, or damage that may occur during a rodeo, or while traveling to or from a rodeo sanctioned by the JRCA.
Parent/Guardian Signature SWORN to and subscribed before me this____________day of____________2020. My commission expires: ______________________ Notary Public ________________________________
Name________________________________________________ Address______________________________________________ City, ST, ZIP:_________________________________________ Phone_________________Birthdate______________Age______ If entering as a non-member, check here______ ($15 Fee) Location _______________________ *Use 1 Entry form per rodeo. Entrieswill be posted on www.jrcarodeo.com Monday evening prior to each rodeo.
ENTRY PROCEDURE: AGE AS OF SEPTEMBER 1, 2019 1. Entry forms and fees must be postmarked 14 days priorto rodeo. Entry box will be provided at each rodeo for entries or mail to Marcy Sessions, 1611 El Paso, Wellington, TX, 79095 Ph. #(806) 205-0350 6. You may draw out for a full refund for any reason if you call by Monday (by noon) prior to the rodeo. After that, a refund (less stock and office charges) can be given only with medical or vet release. 2. A contestant will be allowed to enter as a non-memberwith $15/rodeo fee 3. Only JRCA members will accumulate points.Must provide birth certificate. 7. Rodeo starts at 8:00 a.m. Sat. & Sun. Western attire required: Long sleeve shirts, hat, and boots. 4. Late entries will be accepted with a $15 late fee per contestant/per day eight (8) days prior to the rodeo. No entries after that. 8. All returned checks will be collected by CCI. 9. There will be a $30 + tax charge on all returned checks. 5. Fill out form completely and correctly. Attach entry fee money only.
GIRLS EVENTS
3 & Under Girls 4-5 Girls 6-8 Girls Stick Horse Barrels $15.00 Barrels $20.00 Barrels $30.00 Goat Undecorating $15.00 Poles $20.00 Poles $30.00 Fee Total Calf Dummy Roping $20.00 Goat Tying $30.00 Goat Undecorating $25.00 Breakaway $40.00 Fee Total Ribbon Roping (11 &U) $45.00 Youth/Adult Team Roping (11&U) $40.00 Fee Total
9-11 Girls 12-14 Girls 15-19 Girls Barrels $30.00 Barrels $35.00 Barrels $40.00 Poles $30.00 Poles $35.00 Poles $40.00 Goat Tying $35.00 Goat Tying $40.00 Goat Tying $40.00 Breakaway $40.00 Breakaway $40.00 Breakaway $40.00 Ribbon Roping (11 &U) $45.00 Ribbon Roping $45.00 Ribbon Roping $45.00 Youth/Adult Team Roping (11&U) $40.00 Team Roping (Co-Ed) 1 -$40 / 2-$80 Team Roping (Co-Ed) 1 -$40 / 2-$80 Fee Total Fee Total Fee Total
BOYS EVENTS
3 & Under Boys 4-5 Boys 6-8 Boys Stick Horse Barrels $15.00 Barrels $20.00 Barrels $30.00 Goat Undecorating $15.00 $15.00 Poles $20.00 $20.00 Poles $30.00 $25.00 Fee Total Calf Dummy Roping $20.00 Goat Tying $30.00 Goat Undecorating $25.00 Breakaway $40.00 Fee Total Ribbon Roping (11&U) $45.00 Youth/Adult Team Roping (11&U) $40.00 $45.00 Team Roping 1 -$30 /2-$60 Fee Total
9-11 Boys 12-14 Boys 15-19 Boys Goat Tying $35.00 Breakaway $40.00 Calf Roping $45.00 Breakaway $40.00 Calf Roping $40.00 Ribbon Roping $45.00 Double Mugging $40.00 Ribbon Roping $45,00 Team Roping (Co-Ed) 1 -$40 / 2-$80 Ribbon Roping (11&U) $45.00 Chute Dogging (14&U) $45.00 Fee Total Chute Dogging (14&U) $45.00 Team Roping (Co-Ed) 1 -$40 / 2-$80 Youth/Adult Team Roping (11&U) $40.00 Fee Total Double Mugging $35.00 Fee Total
$35.00 FEE TOTAL 1. Please list your TEAM ROPING teamsbelow for 12-14 &15-19 age groupsonly. 2. If enteringwithan open hole,apartner will be drawnif any are available. 3. If no partner is available, money will be refunded. (Best to find your own partner.) 4. Do notlistYouth/Adult Team Roping (11&U) below. Circle One: 12-14 age group 15-19age group Office Charge $ 22.00 (PerDay) FeeTotal $ __________ Non-Member Fee $ __________
Team #1 Header_________________________ Heeler_______________________________ Late EntryFee $ __________
