Use or ‘Baby’ a brand new knife that might be sold?

madcap_magician said:
…I guess when I look at those numbers I think gosh, I could have used that money better in a lot of ways. But on the other hand, much of that cost is more accurately described as short-term asset turnover rather than building inventory, i.e., the same thousand dollars spent on a knife, earned on a sale, spent on other knives, earned on later sales... and I got a lot of pleasure out of this collecting hobby in the last 22 years.
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I think of it as an entertainment expense with a residual value. Much better that the sunk cost on dinning, travel, sporting and music events.

N2s
 
First off, the OP is not talking about trying to make a profit. He's just bothered by the loss from buying a new knife and selling basically a new knife on the 2nd hand market.

That said, VERY few non-essential items retain their value after purchased, and even less gain in value.

I try to buy used as often as possible. The more beat up, the bigger the discount. I only buy new if I know I don't plan on trying to resell, or I can write the loss off on taxes.
 
not2sharp said:
I think of it as an entertainment expense with a residual value. Much better that the sunk cost on dinning, travel, sporting and music events.

N2s
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Same here - it comes out of the same discretionary pool as my whiskey money. During dry times, I occasionally buy myself a pocket knife. Used whiskey has zero resale value. ;) Nobody even wants the nice bottles it came in.
 
Most vendors have liberal return policies. At least you can see how it feels in your hand while checking deployment, lockup and closing along with a few paper cuts. That's babying with an exit if you don't like it.
 
Use or hold:

I have bought users and holders. I don't generally buy knives with the thought that I might re-sell hem.

Right now, I have two knives that I am holding ut will never use. Both are WW-II era issued utility pocket folders.
These are the jugged bone handled folders often called "Demo" or "Engineer's" knives. One was issued to Marines. the other one was issued to the Tenth Mountain Division and has a special tool for ski bindings. Both have seen use. Both are some eighty years old now. I intend to keep them.

They hold my interest as, in the midst of the hurly-burly providing firearms, foot gear and food for millions of warfighters, someone had the foresight to see to it that they also had a serviceable pocket tool.
 
Ron Texas said:
Most vendors have liberal return policies. At least you can see how it feels in your hand while checking deployment, lockup and closing along with a few paper cuts. That's babying with an exit if you don't like it.
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Cutting paper with a knife and then returning it is just plain dishonest.
 
I don't baby knives. I buy some knives to collect and I don't use them, and the rest all are used to some extent. Knives depreciate and to be honest, we're lucky we're in a hobby where we can get any money back, let alone 50%, 70% or 90% of what we paid for our stuff. That's actually pretty good, relatively speaking.
 
XJ-linux said:
I don't baby knives. I buy some knives to collect and I don't use them, and the rest all are used to some extent. Knives depreciate and to be honest, we're lucky we're in a hobby where we can get any money back, let alone 50%, 70% or 90% of what we paid for our stuff. That's actually pretty good, relatively speaking.
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As another person here said, the resale value of used whiskey, cigarettes, and underwear ain’t exactly great.

You’ll get at least some of your money back with knives. And even if it’s only say, 50%, I’d consider the other 50% the “price paid” for the brief time you handled the knife. Not too bad.
 
I have a knife sitting in my little shelf uncarried and unused. I generally always get a knife with intention to carry, but this one I'm trying to decide if I want to carry it or not since I have several others on my wishlist. Probably a $50 loss if I use it, then decide to sell. Is $50 a lot of money? No. Would I take an opportunity to save $50 and add it toward another purchase with just a little bit of waiting? YES. Not like it's a bad thing to want to manage hobby funds in that way. Also my hobby funds are the lowest they have ever been due to my 4th child being born last year :). So $50 is actually a relevant amount of money to remove from my budget of near zero.
 
BladeCommander said:
I have a knife sitting in my little shelf uncarried and unused. I generally always get a knife with intention to carry, but this one I'm trying to decide if I want to carry it or not since I have several others on my wishlist. Probably a $50 loss if I use it, then decide to sell. Is $50 a lot of money? No. Would I take an opportunity to save $50 and add it toward another purchase with just a little bit of waiting? YES. Not like it's a bad thing to want to manage hobby funds in that way. Also my hobby funds are the lowest they have ever been due to my 4th child being born last year :). So $50 is actually a relevant amount of money to remove from my budget of near zero.
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Congratulations on baby #4. Don't worry about your knife account. Happiness will come to you. Find ways to enjoy the knives you already have.
 
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