Not sharing this as a serious alternative, just sharing this as something nerdy and cool. It's a little more involved than coin collecting lol... but this guy making his own Carnyx (Celtic war horn) ticks many of those boxes:
https://www.youtube.com/watch?v=ZWTFIDAbDtY
A Carnyx being played:
https://www.youtube.com/watch?v=jRIQp4qZrrE
Engaging with history in very practical ways like this is very cool. I'd love to make my own Round House one day.
More of a business than a hobby, but still.
Like you, this isn't the mass market consumerism type of collecting, but is maybe a bit closer to it than your idea of somehow getting a working PDP-11.
Me too. Thankfully, buying old PDP-11 manuals on eBay and assembling a PiDP-11 satisfied that urge. I also live close to two good computer museums that have plenty of PDPs to poke around on, when they're working. Watching the graybeards diagnose and fix things on these 50+ year old machines reminds me why I don't want to do that at home.
So, yeah, I truly do not understand collecting Beanie Babies, Funko Pops, or fountain pens. But, I do collect coins. I find them interesting on multiple levels. I can't think of too many other hobbies that give one a good excuse to study history, economics, art, metallurgy, and more. So many things that happen involving humans and human societies also involve money and commerce. Going back to the rarity aspect, I own quite a few coins that are anywhere from quite scarce to truly rare. It also really helps that they don't take up a ton of space, either.
I don't see anything particularly maladaptive about it, except that it's a hobby that can take up arbitrarily much time and money. But, that's actually one thing I like about it: I could definitely have fun collecting coins on less than a $100/month budget, even though I actually spend quite a bit more than that on it. The acquisition process is fun as well. I like going to coin shops and coin shows. Buying online or at auction is slightly less fun, but it gives me a greater opportunity to find what I'm really looking for. When dealing with things that are, as I said, fairly scarce, the hunt itself becomes part of the enjoyment.