Is your Hot Wheels collection valuable?
We hear about collectible comic books and action figures all the time, but what about everyone’s favorite miniature diecast cars?*
*Quick disclaimer: if the first thing that came to your mind after “favorite miniature diecast cars” was Matchbox Cars, then I’ve got one of two things to say to you. Either A: consider checking out our previous coverage of Matchbox Cars, or B: don’t you sass me you smart alack.
Yes, Mattel’s Hot Wheels cars filled many childhood memories with stylish miniatures and creative race track sets. Yet those of you who have waxed nostalgic over your collection of vintage Hot Wheels may be asking yourselves “How collectible are these cars anyway?” Fortunately for you, we here at Gemr spend all our time talking about collectibles, so we can shed a little bit of light on this subject for you.
By definition, Hot Wheels cars are collectible by default. While the terms “collectible” and “collector’s edition” are commonly tossed around in pop culture, literally anything that anyone likes to collect is a “collectible.” If you don’t believe me, take a look at the origins of stamp collecting. In other words, if you’d like to build a Hot Wheels collection, then you absolutely have our blessing.
That said, many people assume an item has to meet a set of standards to be considered “collectible.” For example, they assume collectibles need to be collected by a wide community of collectors, and at least some of those collectibles should be worth tons of cash. Fortunately, even by these standards, Hot Wheels are still undeniably collectible. For one thing, the community of Hot Wheels collectors is indisputably strong. The Annual Hot Wheels Collectors Convention will be celebrating its 32nd anniversary this year, and Mattel themselves caters to collectors with special Hot Wheels Collectors cars. We even have a Hot Wheels club here on Gemr, since… well, talking collectibles is our thing. You better bet your bottom dollar we’ll plug ourselves given the chance.
Moreover, if you’re wondering if there are “Holy Grails,” then are you ever in for a treat. The rarest Hot Wheels in the world are so rare that they’d cost as much as an actual car. Take, for instance, the 1969 Pink Rear-Loading Volkswagen Beach Bomb car. This was a special model that was never mass produced, and it’s been sold for as much as $72,000. Other super valuable cars, such as the 1974 Blue Rodger Dodger and the 1968 “Cheetah” Base Python (Hong Kong Base), can go for as much as $10,000 apiece. To be fair, these cars are insanely rare, so the chances of you having one in your old toy collection is slim. Still, if you’re in the market to chase rare and valuable collectibles, then Hot Wheels has you covered.
But most importantly, Hot Wheels make for a good collectible because they’re fun to collect. They have a long history that can scratch your nostalgia itch, and they’re accessible enough that kids can join in on the fun too. While we generally don’t recommend collecting as an investment, there is the potential to turn a profit off of rare cars too. If you’re on the fence about starting a collection, then we say go ahead and take the plunge. In a worst case scenario, you’ll have a bunch of cars to use on that loop-the-loop track set sitting in your attic, and those are just fun no matter what age you are.