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Are all old books valuable? -
Some things to keep in mind about the value of your old books. Just because a book is old or rare, does not mean that it is valuable. A majority of old books are sold by the pound as scrap paper. What makes a book valuable? There are two basic market drivers that help dictate the value of a book (and most collectibles), they are supply and demand. A book found in abundance with little desirability to collectors will normally be worth less than a book that is scarce and in high demand. The demand for less common and more desirable books drives the price up. Authors and books that are currently in high demand and are realizing record prices at auction include: J R R Tolkien and his Lord of The Rings books, J D Salinger, James Joyce, Ayn Rand, Edgar Rice Burroughs, Ken Kesey, J K Rowling and the Harry Potter Books, Carolyn Keene's Nancy Drew books, Stephen King, Jack Kerouac, Ernest Hemingway, Harper Lee, William Faulkner, John Steinbeck, and F Scott Fitzgerald.
What TYPES of books can generally (but not necessarily) be expected to have a higher value? Signed limited editions, oversize books with large illustrations by famous
illustrators, and privately printed, high quality editions that were released in small numbers. The popularity of book-based movies also affects the price of those books upon which those movies were
based. The Hobbit and The Lord of the Rings books by J R R Tolkien, and the Harry Potter books by J K Rowling are currently realizing record prices in the auction market due to the popularity of the movies based upon the books. Although investment quality books will continue to appreciate over the long term, the sharp increases in the prices of such movie-related books are likely to be only temporary spikes and prices for these books should be expected to decrease somewhat as interest in the movies wane.
On the value of old Bibles. Since Gutenberg printed his first bible in 1455, there have literally
been millions and millions of Bibles printed. No other book has been printed more often. Because of the religious importance of the book, a relatively small percentage have ever been thrown away or
destroyed intentionally. This has resulted in an abundance of old Bibles available on the book market. Most Bibles, even if printed in the 1800s, are not in great demand and have very little monetary
value. The earliest printed editions and several unique Bibles from the sixteenth and seventeenth centuries, do have considerable monetary value. Bibles that are large and/or ornate are also collected
for their display qualities. Some Bibles that are illustrated by popular illustrators (such as Gustave Dore) also have some collectible
value. Those Bibles that document family history or have been passed down generation to generation have sentimental value to those within that family, but placing a monetary value on such irreplaceable
books for insurance purposes can be a challenge. If you own an old Bible that was given to you or inherited from a relative, we recommend that you treasure it for its qualities as an heirloom.
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