I also collect hats and watches. Unfortunately no Omegas which I truly love, but a number of Tissots, Seikos and an Orient brand automatic Mako. In the hat department I have mostly fur felts and panama style straw hats as well as a collection of Stormy Kromers and Tilleys. I wear a hat every time I leave the house, summer or winter. Mostly Stetson and Akubra (4th generation Family owned and managed hat manufacturer out of Australia) for three of the four seasons until I worry my ears may drop off from the bitter cold.
Watches and knives take up a lot less space then hats so count yourselves lucky there.
I think all of my items are practical even if I have too many. For all of them they do get a regular rotation of use and I love to admire them and love the anticipation of something new coming in the mail.
Some have a strong sentimental value.
My Tilley LTM5 hat which I have been wearing over a dozen years. It is my traveling sun hat as it packs so well and I have taken it on every family trip from cottages, to camping, to cruises, to Europe and the Caribbean and Mexico. So many family vacation photos with me smiling in my Tilley.
My Tissot PR100 that I purchased in Chicago as a matching set for my wife and I about 17 years ago. Still both running strong and my wife recently told me it was one of the nicest gifts I ever got her.
A Victorinox ALOX Soldier I have had longer than I can remember. It was my true "pocket knife" for well over 20 years. I have purchased a number of them as gifts for my male family and friends over the years I liked them so much. Just so much usefulness packed into a small package.
On another website I participate in "The Fedora Lounge" there was a gentleman years back who signed all of his comment entries with something like - "Never leave the house without a good watch, a nice hat and a sharp knife." I believe he said those were words of advice to him from his grandfather. That line always rang so true to me.
Have fun collecting!
,,,Mike in Canada