October 3, 2013

Buying Old Radios As An Investment

If you like old radios, you probably already know that some of them can be quite valuable. Finding those among the clutter and junk isn’t always easy, though, and it requires a lot of research. In short, you don’t want to assume that you can just pick up any old radios that you find and they’ll be worth money. You want to look for radios that still work, that are old but in great shape, and that aren’t really common. When you find that combination, it’s definitely something you should buy – but you need to do enough investigation to know what the price range should be.

If you pay too much for something, it’s not nearly as good of an investment. Sure, it might become worth more in the future, but will it become worth a lot more, or only a little? The less you pay for something of value, the better investment choice you’ve made. That’s not to say that you shouldn’t buy something that costs more for your own collection, but only that you shouldn’t pay a lot for things you’re going to hold onto for a while and then resell. You want to make the largest profit that you possibly can.

Also keep in mind that a radio doesn’t have to be perfect to be valuable. The more perfect it is, the better, but if it can be easily fixed it can still be a great investment for you. Reselling old radios isn’t something you want to do without study, though. Take the time to really learn about the market for them, what they should sell for in what kind of condition, and how difficult they are to fix before you go any further with purchasing them. You’ll be glad you took the time.