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October 17, 2017

The True Value of Diecast and Tin Model Cars

Ask a toy collector about his hobby, and you will spend the next few hours listening to the magnificence of his toy collection. It’s a fun hobby that makes your time worthwhile.

Many people do not understand the intricacies of collecting toys. They only see toys in box and toys in display cases. However, I know you know that it goes beyond that. Some of your toys may even be worth a fortune now! The valuation of these collectibles drastically increases over time relative to its rarity and condition. You will be surprised at how much avid collectors will pay for them!

A Brief History

Car models have different scales, and the most common were 1:64. As we near the modern day, larger scales were made. The larger models have extensive details compared with the smaller ones.

Diecast and tin cars can be traced back to the early 1900’s. They were a popular toy back then, and many models and variations have followed suit. Early models were just push-toys. The kids of that generation were astonished when the wind-up models were up for sale! It was worth hours of fun. It’s like playing a racing game on a console but with more imagination and your involvement in making the car move!

In the 1960’s Matchbox and Hot Wheels have become a popular brand of diecast and tin car models. They took the model car industry to new heights, and kids loved them! They made a huge fortune in fabricating and manufacturing these diecast toys! Many toy companies followed their lead and started their own toy car series.

As we progressed in history, Hot Wheels slightly deviated from the production of conventional model cars and started tickling the imagination of their patrons by creating futuristic car models. Splittin’ Image, Turbofire, Torero, and Twin Mill were launched in 1969 that opened up a new dimension for diecast car models.

The Modern Day’s Value of DieCast Cars

Today, you can still shop miniature cars at the biggest diecast and tin sign inventory in Canada. Many toy shops specialize in producing diecast and tin model cars to replicate the quality and feel of the ones produced in the 1900’s.

These stores often open their display cases for an online auction of rare finds. Prospective buyers are in for diecast car for some personal reasons. Some will be willing to buy outbid others for the nostalgic value. Some people will throw huge amounts because it’s the last missing piece from the series they are collecting. The rarity of the item adds up and dictates the price of diecast toy cars.

You will be surprised at the starting bid prices and how much fortune people are willing to pay for these miniature toys!

Aside from the most expensive Lamborghini Aventador Gold 1:8 that is made of gold, the most expensive diecast toy car was made by Hot Wheels. The Volkswagen Beach Bomb was sold at a whopping €125,000.00! Can you believe that? Well, I deliberately omitted the insane price of the Lamborghini Aventador Gold because it’s too much to imagine!

Your Old Man’s Collection

If you have an old man, or your old man’s old man, who was a car nut, chances are, they have collected these toys in the peak of its era. Or maybe, you have inherited a few shelves filled with these treasures! This may be obvious already, but, you might be dealing with a huge sum!

Hey, why not go for a treasure hunt? Find the oldest family chest, and maybe you can find a few of these toys hidden somewhere. Remember, the 50’s onward have a great selection of highly prized diecast toy cars. Oh, and if it’s sealed in the box, don’t open it! It will have a higher value if it’s not opened yet!

Toy collection is more than just a hobby—it can be a great way to make money. Give it enough time and for sure, your collection will be worth a fortune.

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