| Accounting Dictionary: Collectibles |
Art, stamps, coins, antiques, and other related items. They offer capital gains potential, inflation protection, and aesthetic enjoyment. Collectibles are acquired through dealers, at auctions, or directly from previous owners. Among the drawbacks are high security and insurance cost, poor liquidity, lack of income, and possible forgeries. Information about collectibles sometimes appears in magazines like Money and Creditor/Investor, and major categories of collectibles have magazines and newsletters devoted exclusively to them.
