NMS October 2021

Page 40

COLLECTORS CORNER by Jim Olson

What Makes a Collectable?

“I

’m not sure if this is collectible or not, but I guess it is—because I collect them.” Someone recently made this remark and it got me to thinking, “What makes something a collectible?” While there are a few variations of the definition from source to source, all of them pretty much say, “A collectable is any object regarded as being of value or interest to a collector.” So technically, by definition, anything can be collectible if someone collects it. Perhaps a better way to put it would be, it is at least collectible to that person. But this does not necessarily mean it is valuable. Does it? One thing we also need to realize is the difference between being valuable and being collectible — because not all

collectibles are valuable and not all valuables are necessarily collectible. Or are they… If the definition of a collectible is any object regarded as being of value to a collector, and we are to assume that pretty much anything can be collectible, then anything of value is also collectible. But how do we determine if something is truly valuable in the collectibles world. And who determines value? The short answer is — the marketplace determines monetary value. However value is also subjective. There is sentimental value, regional value, functional value, social value, collectible value and so forth. And different types of value are not equally important to all consumers. But when talking about “collectibles” in the traditional sense of the word, it is a commonly held belief that most folks prefer to add to the standard definition by saying that the object is also potentially valuable. Meaning it is worth more than its original value or that it goes up in value over time. This effect generally happens due to rarity and popularity (among other factors, including the passing of time). In other words, the item also has some monetary value in order to be considered desirable to most collectors — at least to some degree.

animal ANIMAL & & range RANGE sS CC iI eE nN CC eE sS The TheDepartment DepartmentofofAnimal Animal&&Range RangeSciences Sciencesisispart partofofthe the College of Agricultural, Consumer & Environmental College of Agricultural, Consumer & EnvironmentalSciences Sciences

Four on-campus animal facilities house: beeF CaTTle/horses/swine/sheep

LIVESTOCK NUTRITION / GENETICS / PHYSIOLOGY / ENDOCRINOLOGY / MEAT SCIENCE / WOOL / TOXICOLOGY / WATERSHED & RANGELAND ECOLOGY / WEED & BRUSH CONTROL / PLANT SYSTEMATICS / GRAZING MANAGEMENT

The Department also offers pre-veterinary studies – our graduates have a high acceptance rate into veterinary medicine programs. We offer graduate degrees at the Master of Science and Doctor of Philosophy levels. The M.S. or Ph.D. in Animal Science can emphasize nutrition or physiology, and offers a Ph.D. in Range Science to study range management, range ecology and watershed management.

THE DEPARTMENT ALSO OPERATES

Students can major in Animal or Rangeland Resources and are provided with the very best of “hands on” academic instruction by our faculty. Fully equipped labs allow students access to cutting-edge research in: • The Chihuahuan Desert Rangeland Research Center (The College Ranch) – 64,000 acre ranch just outside of Las Cruces • The Corona Range & Livestock Research Center – 28,000 acre ranch & facilities in Corona, NM • Student organizations, including a Block & Bridle Club, Pre-Vet Club, Range Club, Horsemen’s Association, Therapeutic Riding Club, & Judging Teams • Clayton Research Center hosts research on shipping protocols, particularly evaluating the health and performance of newly received cattle, and nutrition and management from feedlot to slaughter

Dr. John Campbell hallford––575-646-6180 575-646-2515 Dr. Shanna Ivey––575/646-6180 575-646-2515 /• Dr. Dr. Dennis John Campbell http://aces.nmsu.edu/academics/anrs/ http://aces.nmsu.edu/academics/anrs

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OCTOBER 2021

When talking about “collectible value” in the marketplace, we tend to place more value on items which are rare in nature, yet remain popular. An example of this would be the Honus Wagner baseball card produced by the American Tobacco Company in 1909. These were originally given away with a pack of cigarettes! However, in modern times, one of these cards can sell for over 1 million dollars! The reason the card is so valuable is very few have survived the test of time and there are many collectors out there for sports memorabilia. So this item qualifies on two main points — it is rare, yet remains popular to a large audience in the marketplace. Another thing which often gets confused with being valuable or collectible, is age. Folks often use the terms collectible and antique interchangeably. But it’s important to realize there is a distinct difference between them. While all antiques technically could be collectibles, not all collectibles are necessarily antiques (modern art is an example of this). Some antiques can be worth a lot of money — others not worth much at all (other than sentimental or historical value). So be careful and research which antiques are truly “collectible” by also being valuable. They should be considered as such because they are still desirable in the marketplace — otherwise you are just getting a piece of old decor or “yard art” — and not a collectible. Something else worth mentioning is this: things that were made to be “collectible” — rarely are. This includes pretty much all kinds of commemorative or mass produced products. As a general rule, if the “collectible” says “Made in China” or “Made in Taiwan” on it — it’s not a collectible. It is a decor item, or possibly a cheap knock-off. And these types of “collectibles” are rarely a wise investment. At least if you are hoping for appreciation in the future. They are decorative items at best, and mass produced decor is rarely “collectible” or valuable later on. But people still collect things like these don’t they? You might ask. So doesn’t this make them a collectible? Hmmm… Technically — yes. As mentioned, anything of value to a collector could be considered a collectible. But when adding in the additional stress test regarding value, items mass produced as “collectibles” rarely qualify. But as mentioned above, there are several other reasons to collect besides monetary value. “Collect the things you love, that are


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NM Junior Livestock Expo — One for the Ages

3min
pages 80-81

Turquoise Circuit Finals

4min
page 82

NM Cattle Growers’ Association Heritage Buckle Awards

4min
page 79

Southern NM State Fair Public Speaking Contest

3min
page 78

FMCSA Extends Livestock Hours-of-Service Exemptions

1min
page 77

Real Estate Guide

7min
pages 70-75

Marketplace

4min
pages 64-65

Preconditionings - Why it Pays

5min
page 62

Where’s the Cheap Beef?

8min
pages 60-61

In Memoriam

13min
pages 56-59

Bradley 3 Ranch Earns Certified Angus Beef Sustainability Award

3min
page 63

Riding Herd

3min
pages 54-55

US Dairy Industry Advances

9min
pages 49-53

New Mexico Beef Council Bullhorn

4min
pages 47-48

Collectors Corner

5min
page 40

Muddying the Clean Water Act

4min
page 39

Ute Creek Cattle Company Received First New Mexico Leopold Conservation Award

6min
pages 41-42

Sustainabilty and Super Pandemics The Connection

3min
page 43

Inspector of the Year Nominations Sought

2min
pages 44-45

View from the Backside

3min
page 46

New Mexico’s Old Times & Old Timers

3min
page 37

On the Edge of Common Sense

2min
page 33

AHA Annual Meeting & Educational Forum October

2min
pages 18-19

New Mexico CowBelles Jingle Jangle

5min
pages 16-17

Purina Millis & Cattle Growers’ Scholarships

1min
pages 25-26

Answering the Call to Quality

2min
pages 20-21

Wit & Wisdom

5min
pages 12-15

State Land Office Proposes Rule Change to Protect Cultural Properties

2min
page 27

NMDA’ State Metrology Lab Receives Top Accuracy Certification

2min
page 32
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