Interestingly, many of the Britains Limited Edition sets from the 80s and 90s seem to be cheaper on average on ebay than what they originally retailed for. So that portion of my collection is worth less than what I paid for it, especially when you take into account inflation.
You're right, henry, and it reminds me of another observation from the broader collectibles field. There is a gentleman named Harry Rinker, who is headquartered here in the Lehigh Valley (in Vera Cruz--aren't our town names great? Macungie, Emmaus, Nazareth, Hokendaqua-but I digress). He has written books, writes a regular column, hosted "The Collector Inspector" on HGTV and has a regular radio show called "Whatcha Got?" where he gives appraisals and answers questions. Rinker developed what he calls "Rinker's 30-Year Rule". That is, for the first 30 years of an object's life, its value is purely speculative. We need only look at the plethora ("Jefe, what is a plethora?" "Why, El Guapo?!") of items from the Franklin Mint, the Danbury Mint, the "Insert-Mint-Name-Here" Mint, that advertize in Parade Magazine and elsewhere. People buy the Star Trek collectors plates, the Hummel plates, the Jam Jars of the World, thinking that they'll become instant trust funds, not realizing that thousands of other people bought them, too, and that they've all hoarded them. In 20 years, they'll flood the market with them, and find that they're not worth the cost of the fees to post on eBay.
Within a specialty area, like ours, of course, there are other factors, like the original value of the items, the cost to produce them, and the collector demand for them. But even then, I hope none of us is buying toy soldiers in place of putting money in our 401Ks, but because we love them, and love history. From many of the posts in this forum (and elsewhere), I think pretty much everyone is doing it for the latter reasons.
(Actually, I can think of one collector who has a loose association with our club, I'll just call him Mr. Mephistopheles and leave it at that, who probably does buy more for investment value than for joy of collecting, but he has a lot of disposable income, and I don't begrudge anyone the choice of what to do with his Geld.)
I think my collection will never lose this value: I've enjoyed collecting every piece I have, whether I bought them or made them myself, or painted them myself. It's the stories, the history, the fellowship with you all as we pursue it. I think that unless I go senile (very possible, it runs in my mother's family), that is the real value of my collection, for me.
Prosit aus Bethlehem!
Brad