A variety of old toys
Illustration by Matthew Herring; LEGO (AT-AT); WoodysPhotos/Alamy Stock Photo (Pez dispenser); Craig Russell/Alamy Stock Photo (Funko Pop); Sandi Grayson (Barbie); Chris Willson/Alamy Stock Photo (GI Joe); Alamy Stock Photo (TMNT figure); HA.com (Super Mario 3, Pokémon); LCG Auctions (Star Wars figure); Andrew Schwartz/Splash News/Newscom (Hot Wheels); travelib environment/Alamy Stock Photo (Beanie Baby); Marc Tielemans/Alamy Stock Photo (Transformer); Matthew Ashmore/Alamy Stock Photo (Rubik’s Cube); Marc Tielemans/Alamy Stock Photo (Smurfs); EB Photography/Alamy Stock Photo (My Little Pony); iStockPhoto/Getty Images (all other images)

Could Your Old Toys Be Worth a Fortune?

The answer might surprise you!

From the October 2022 Issue

The Luke Skywalker action figure started its life like most toys, wrapped in plastic on a store shelf. In 1978, a Star Wars fan bought it for $2.49. For 35 years, this action figure didn’t see much action. No one played with it. No one even took it out of the package. Kind of a sad fate for the Jedi Master! 

Then in 2015, someone else bought the action figure—for a whopping $25,000. That’s right: A decades-old plastic toy sold for the price of a brand-new car. 

Welcome to the wacky world of toy collecting.

Subheading

Toy collectors scour garage sales and online auctions for vintage playthings. Some look for toys they loved as children—or ones they longed for as kids but never owned. Others are in it for the thrill of the hunt—the challenge of finding an original 1959 Barbie in the black-and-white swimsuit or the 1975 Deluxe Edition of Monopoly in the leather case. Then there are collectors who buy and sell toys because there is money to be made. 

A lot of money.

So how do you know which toys are worth the most money? Toys that are hard to find tend to sell for the most money. For example, a pink Hot Wheels Volkswagen Microbus from 1969 called the Beach Bomb is worth more than $150,000 today. Only 144 of them were ever made and only two of them in pink. Why so few? They were prototypes—that is, models used for testing. And they had a big flaw. They tended to tip over. The design was never manufactured and sold to the public.

The Luke Skywalker action figure that sold for $25,000 was rare too, and for a similar reason. The lightsaber it came with broke easily, and the company stopped making the toy soon after it was released. 

A toy’s condition can also affect its value. The more like new an item is, the more it’s worth. The more worn-out it is, the less it’s worth. And a toy in its original packaging can often fetch the highest price.

Hard to Predict

Today, some toys are made just to be collected. Known as collectibles, these toys might increase in value over time. But then again, they might not. The fact is, it’s hard to predict which toys could make you rich.

So rather than splurge on that collector’s edition LEGO® set you hope will be worth a fortune one day, you might want to stick with stuff you can enjoy right now—like that wireless karaoke mic you’ve been eyeing. You can even take it out of the packaging.

This article was originally published in the October 2022 issue.

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