1. Myth: Items sold as “collectibles” have more value than play toys.
Fact: Often items sold as collectibles have been treated with care and thus more are available in early markets- turn around is much longer to see value increase unless it is in the fury of the collectible. Ex. Beanie babies sold for $$$ in the heyday now worth original retail if that.
2.Myth: The “hot” toy of today will be the most valuable in the future!
This is not necessary true, often times change as well as what is valued. Granted these toys will appeal to the generation that remembers them as “hot” but not always the next generations. How many were produced in their heyday will also determine value. If it is a toy that takes abuse versus one that sits on a shelf will also contribute to value. Or if technology moves on!
3. Myth: “Collectible” is printed all over box so it must have value!
Never base your purchase on the hype printed on box or ads! Follow what you love and enjoy and hope that it’s value will maintain if not increase! In an article in the Chicago Tribune this doll sold for $1050 today it is listed on eBay in box for $10.99!!!
4. Myth: Quantity over quality is what is valued in a collection.
Again things that are made in HUGE quantities will mean there are more to go around and if they all hit the resale market (as doll above) at about same time the value will plummet…you will have to hang on longer…buy what you love.
5. Myth: What is a “Collectible” are determined by manufacturers.
More often than not an item will become a collectible based on consumer demand than a manufacturer labeling an item as a “Collectible”. Anything can be a collectible with values determined by demand.