Economic Collapse and Value of Collectable Knives

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Comment by Eliel Lopez on October 10, 2011 at 22:16

I buy knives to use, so collecting them for a big sale in the future just isn't going to happen. My kids and grand kids will inherit my 'collection' of EDC's.  I too have bought and traded knives, but I won't sell. I tried to once but prospective buyers wanted it for far less than what I think its worth. Nope. None of that monkey business for me. I'd rather give it away to a good friend.

Comment by Jan Carter on October 8, 2011 at 15:04

Ron,

The grandbabies in the pics are in line for our collection.  I mirror your sentiment, I hope they will be of value but more I than that I hope it will be something we can do togeather as they grow so the memories will always be worth something to them. 

Comment by Ron McCullough on October 7, 2011 at 18:51

I collect what I like but, I also look at value to price. I have started to limit what I buy. In today's economy I have less to spend on my hobby then in years past. I see my knives holding value but, maybe not increasing at the rate of the past few years. I have not found knife prices coming drastically down. What I have will be passed on to my grand-kids. I hope they will see the ties between my knives and me they inherit and not just the value. However, again value is one of the reasons I collect the best I can.

Comment by Lee Smith on October 7, 2011 at 9:10

JJ i'm the same way. I have never sold a knife. I might buy, trade of give away as a gift but never bought one to sell.

Comment by J.J. Smith III on October 6, 2011 at 23:30

My "collecting" started out as a couple of spare whittlers.  Kind of got out of hand somewhere along the way.

Still, I only collect what I like and don't intend on selling any.

Comment by Billy Oneale on October 6, 2011 at 21:50

I agree with Dale,I buy mostly because I like the knife . If it turns out to be worth a lot more than I paid then that is an added bonus.

Comment by Lee Smith on October 6, 2011 at 21:03

When I started collecting I said that I would not collect anything that I would not drop in my pocket and ctarry. That went out the window real quick. Times are tough but I still collect. I just cant buy all the knives I want. I have to just be a bit more picky about what I buy. I really think about it. I'll tell you what there are a lot less impulse buys.

Comment by Jay Todd on October 6, 2011 at 20:44

Great comments everyone. You can't go wrong buying what you like. I have a tendency lately for GEC knives - not too expensive but very well made. Very tempted to do a test and buy a Rough Rider just to see what all the talk is about as per price point to quality is concerned. I do feel that the economic reality that is playing out will change the country in ways we won't understand until we view it in a rear view mirror so to speak - and that the next 10 years are going to be explosive economically and socially. With that said I wonder about collectors (buyers and sellers too) ability to continue growing their collections due to financial restraints or if there will be large pockets of collectors trying to sell off items they paid alot for and hope to get something back from their initial investment. For some collecting is or has become almost like an addiction - the temptation to buy that next knife is just too hard to say no too. Interesting times ahead and interesting thoughts and I thank you for your participation.

Jay

Comment by Jan Carter on October 5, 2011 at 16:53

Great conversation Jay.  We also collect purely for the pleasure.  I do beleive the rarer and older peices that have been in the safe for 20 years will remain worth more than we paid for them.  The newer peices we collect are becuase we love the peices.  If they go up so be it, I dont foresee them going down.  They are production models with a run of 30 or less.  We have stopped buying anything that has a produciton run of more than 100 peices and try only to get the 25 or less made

Comment by Steve"Hog"Hanner on October 5, 2011 at 16:39

Jay, I would agree that knife collectors will always collect because that is their passion. But I do believe no matter what the economy does in the short term, for the long term, the knives we collect will be worth something and probably something more than we paid. Rarer knives will appreciate even more.  That's for production knives.

Custom knives will be largely based on the reputation of the knife designer and maker. Beauty is in the eye of the beholder and a buyer looking for a certain knife from a deceased/or no longer producing knife maker, may indeed pay a premium to obtain from you the gem of his/her collection.

I say stay posted to iKnife Collecor, see what's hot and what's not. The knives that should have been collectable 10-20 years from now may be in the very photos members load everyday..right now.

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