Make Money from Storage Auctions

October 10, 2015 by  
Filed under How To, Spotlight

Make Money from Storage Auctions

Money is raining from the sky at those auctions.
You’re probably familiar with storage auctions by now. And maybe you’re one of the adventurous individuals that would like to make money from storage auctions.

It’s possible you’ve seen a  TV series called Storage Wars and thought to yourself, “heck, money is raining from the sky at those auctions.” If you’ve taken part in an auction you know the reality is not quite the same.

Hi, I’m Peter

And if you’ve read, “About Me” on this site, you may recall my mention of storage units. I have rented units for the past twenty years or so. In that time I’ve seen all kinds of units, tenants, facilities and dealt with all types of managers. I’ve also seen crazy money making schemes involving all of the above.

The summary to storage auctions is, “they will make you a ton of money and then again…they won’t.” You’re probably thinking, “just what the heck does all that mean?”

Storage units are rented by people in transition.
They are coming or going. Their life may be in a less-than-ideal place, due to divorce or bankruptcy, or a death. It may even be a down-sizing of their residence. That’s not all cases of course, but it’s definitely a lot of them.

There’s no guarantee you’ll make money from storage auctions.

The majority of storage units are full of life’s everyday junk.
People tend to lose sight of reality when their life is in a tailspin. They hang on to every stick of crappy furniture and plastic toy their kids ever played with. Maybe on some level it’s to stay connected with the life that spun out from under them.

Is there treasure in storage units?
Yes, it does happen. But I’ve never seen it happen as depicted on TV. Today I watched one episode, where they discovered what looked like $75,000 or more, in various mint condition collections etc. It was great to watch but realistic? ..umm, I don’t think so.

It can happen that you will find rare items.
The type of items that do well in a niche market. Things like rare coins or stamp collections. But even then, you will have to wade through 99 per cent garbage. And you have to still take that garbage as well. Handle and transport it.

You might make money from storage auctions or end up being a storage tenant yourself.

The reason I bring all of this up is to give you enough information to focus your energies. You may want to give auctions a try anyways. They are definitely fun. But keep your expectations in-check. Don’t gamble your mortgage payment on the hopes you’ll make a fortune.

Best of luck and collect well.

Peter
SmokinMonkey.com

“Links in this post may be affiliate links. By clicking + purchasing I would receive a commission.”

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Metal Detecting for cashable Objects

October 8, 2015 by  
Filed under How To, New

Metal Detecting

After reading this brief guide I’m hoping you’ll see the possibilities in metal detecting for cashable objects and artifacts.

Choosing your equipment.
Metal detectors come in a range of models and prices but essentially all are of two basic types. These are distinguished from each other by the detection principles used in each.

The first type uses what’s called, “VLF technology”. This type is able to detect the smallest of metal fragments. The biggest drawback is that it can be somewhat hyper-sensitive. It can also detect mineral content within the ground. This could result in a lot of readings that are false and unecessary digging.

The second type uses “PI or pulse induction technology”. This system is much less apt to give exaggerated readings from mineral content but it’s also much less sensitive to the items you may be hunting for. You could end up standing directly over a smaller item without any detection signal at all.

If your budget allows purchase both types of metal detectors.
This is the more professional approach. If your budget doesn’t allow for the extra expense of a second detector you could consider the next best thing.

That would be to join forces with a fellow enthusiast, someone who already has one of the other types of metal detectors. Aliances like this can be common for treasure hunting.

Choosing your location.
This one requires some research. Decide on your locations carefully until you’re sure this activity is for you. Choose an easy area, one with ‘even’ ground is a good place to start.  

Walking on uneven terrain can be physically taxing if you’re new to this activity. Consider as well you’ll be stopping to probe the ground and dig spots where you get a reading. There’s lots of bending and crouching involved with this activity.

“The beginner should start metal detecting close to home”.

Choose somewhere close by, that’s easy to dig and that has easy access.  Find a location where the level of difficulty is within your physical ability. Don’t discount your own backyard. It may be the perfect location for getting familiar with your new equipment…and it’s close.  

Make sure you have the right tools as well. If you plan on choosing a location that requires a jackhammer make sure you have more than a trowel.

As a beginner you’ll probably be happy enough detecting coins, jewelry and other small bits of hardware. If that’s the case pick a location that experiences large amounts of people traffic. Public parks and beaches are great for this.

Keeping it real.
It goes without saying, but we all dream of that ‘big find’. The reality though can be quite different. Let’s assume you’ve gone to the effort of researching some of the best treasure hunting locations. You took your time, and decided on some entry level metal detecting equipment.

If you have outdoor locations that put on concerts check that out as well. With regards to beaches get to know the tide pattern.

Try beach metal detecting when the tide goes out.

Now it’s time to adjust your attitude and expectations. There can be financial gains to be made at the prospector or relic hunter level but as a beginner your goal should be to simply enjoy and learn.

Study locations and additional equipment.

Talk to experts and other enthusiasts. Read books and watch online tutorials. As a beginner you’ll find coins, jewelry etc. It may be financially rewarding. If you keep your expectations in check you will never be disappointed.

Sum it up.
There is a ton of equipment available to the beginner. Buy only what you need. Invest only enough to give you the level of detection ability that you’ll actually use. Features such as “Tone I.D.” are very nice to have.

On the other hand,  should you decide this activity is not for you then you’ve spent a lot of money to decorate the inside of your closet. Because that’s where your new detector will end up – keeping your umbrella company.

Some points to keep in mind.
A more durable detector will no doubt cost more. Though it will also allow you to hunt for treasure in harsh weather and rough terrain. You’ll also pay more for a light-weight detector. It’s much more comfortable to carry, especially after hours of hiking. But then again you may be okay with a little extra weight for a significant cost savings.

There is a lot to consider. Do your research and keep your expectations realistic. Metal detecting is a lot of fun if nothing else. I can guarantee you will never be bored.

Best of luck and collect well.

Peter
SmokinMonkey.com

“Links in this post may be affiliate links. By clicking + purchasing I would receive a commission.”


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Collectible Figurines 101

October 3, 2015 by  
Filed under Collectibles, How To

Collectible Figurines
In collectible figurines 101 we scratch the surface of this fascinating market. I encourage you to look into all the sub-genres of collectible figurines as well. For now, here is an overview.
The earliest of discovered figures were mainly depictions of gods and deities.

Some would be used routinely in religious or for ceremonial purposes. Others were reserved for specific occasions. For example, a figurine of the “pregnant Venus” , given as a gift, implied the wish for a successful fertility, for the recipient.

Another important type of figurine includes the Olmec figurine. The term “Olmec” is used to describe a number of archetypal statuettes produced by inhabitants of Mesoamerica bearing the hallmarks of the Olmec culture. These figurines were made from terracotta, serpentine, nephrite, jade, basalt and other priceless gems.

These collectible figurines could be used for a variety of purposes.

Other types of Olmec figurines are ..

Transformation Figurines
These figurines contained figures transforming from human to animal and vice versa.

Naturalistic Figurines
These include naturalistically portrayed human figures, but with a big face, huge bust or exaggerated legs.

Fetal Style Figurines
These figurines are mainly fetus figures depicting infanticide and infant sacrifices.

By collecting a variety of figurines from different periods you will come to learn about the specific culture, as well as the spirit of that Age.

Figurines of female characters have continued to be very popular.

A great many were created as gifts for wedding ceremonies and other rituals. The figurines could also be used to amuse children, who spent much of their time playing with them as the earliest version of dolls.

Some of these collectible figurines served a secondary purpose.

“With society ever-changing collectible figurines have changed significantly as well.”

While those figurines were predominantly carved from wood or stone, as mold-making technology evolved, you would see figurines being cast in various metals.

We have already mentioned technology and the change in materials used. But the most notable change took hold in the figurine’s stature and theme. It would not be unusual to now find depictions of politicians and royalty.

It’s not unusual to find figurines being produced from an additional array of materials.

We’ve by now all seen plastic, ceramic and crystal and vinyl figurines. The last one being common for children. We are probably all familiar with the term action-figure.

Probably less-known are terms like, inaction-figure or ‘staction-figure’. These are obviously a twist on the word “action”. They are used to refer to figurines without movable parts while action-figures have moveable parts.

In all these cases the collectible figurines are generally depictions of comic book characters and fictional Super Heroes. Each type of figurine has deep sub-categories that are extremely interesting. I will be adding as many articles as possible as time passes.

Best of luck and collect well.

Peter
SmokinMonkey.com

“Links in this post may be affiliate links. By clicking + purchasing I would receive a commission.”



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