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Want to make money collecting action figures?
You may think that action figures are just for kids, but not only is there a huge adult following, there’s also big money to be made from them. Serious collectors can and will pay a lot for rare collectables and memorabilia that you might have lying around in your home.
A dusty figurine of Captain Kirk from the ’80s? You could be sitting on a gold mine!
From selling what looks like junk, to starting a potentially profitable collection yourself. Here’s how to get started:
The easiest way to make money from collecting action figures is to sell any you’ve got in your house to collectors.
Action Figure Insider and ToyNews have two of the most popular forums for discussing action figures and are good places to pick up the buzz on the latest news. Plus, there is also the chance to advertise your action figures.
If you’re listing on Amazon or eBay (which obviously have a wider audience), look for similar products and their pricings to get a general idea of what your item’s worth. Read on below for info on how to determine how valuable your item is. Also, take a look at our guide to selling on eBay for more tips on how to close a deal!
No matter where you’re selling (including at second-hand shops), doing your research beforehand is vital.
The general rule of thumb that ‘rare = valuable’ isn’t always the case when it comes to action figures. There’s a fine line between being relatively rare and in hot demand. Always do your research, and stick to the three rules of action figure selling:
Generally, the older the item, the rarer it is and hence the more valuable it is. This is because the older the item, the fewer are likely to have survived in good condition.
You’d be surprised what sells, so don’t just chuck an action figure out during spring cleaning just because you think nobody would be interested.
An item may not be particularly rare, but could increase in popularity because of a number of factors:
The death of key actors can also affect the price of action figures. For example, the passing of Heath Ledger in 2008 pushed up the price of Joker merchandise. You may even have bought a Joker action figure for your child for Christmas. Keep any action figure safe and well, as you never know how much it could be worth in future.
So, think before you throw away things just because they’re no longer in fashion. Fashion is cyclical – you never know when it’ll be back in!
Collectors value condition almost as much as rarity. If your item’s terribly defaced or unrecognisable, it’s not going to fetch much.
Faulty editions can also still fetch a good price. However, be wary of the difference between a flaw in the condition of the figure, and a flaw within the figure itself. A flaw in the condition means the item is scuffed, dented or faded, making it less valuable. But a flaw within the figure could be a manufacturing boo-boo – for example if the face is the wrong colour, or the label on the packaging is wrong.
If the casement on your action figure is in good condition it can boost the item’s resale value. The packaging (also referred to as the bubble and card) is evaluated for flaws – look out for dents, scratches, creases, rips and overall appearance. The figure itself is judged on things like paint wear, scratches, loose joints and missing pieces.
The Action Figure Authority issues the recognised standards on action figure grading. The categories are split into the AFA Gold Standard, the AFA Silver Standard and the AFA Bronze Standard. See Toygrader for more information.
As with anything else, be careful of scams, false descriptions, non-delivery or non-payment. If you’re planning to be a serious collector/seller, always be scrupulous and always be completely honest about what you’re selling.
The negative feedback you get on sites like eBay can completely ruin your reputation, and there are sections on forums to warn about dodgy dealers. Word gets around, even on the web.
There’s also money to be made by buying action figures that are on sale now and selling them off in the future for big profits.
Obviously, you should derive some pleasure from having a collection of your own. If you don’t, it’s more difficult to be in tune with what collectors will be wanting in the future and therefore to make as much profit.
So if you hate action figures, but thought you could count on them to make you a pretty penny in the future, you might be severely disappointed as you cannot understand what sells.
That being said, we do have a couple of tips for buying to sell in the future:
Anything that is likely to become rare in the future will make you more cash – it’s a no-brainer. But a word of warning: with mass production of action figures nowadays, a ‘limited run’, ‘special edition’ or ‘extra features’ means pretty much nothing. Manufacturers are seeking to maximise profits NOW, which means selling as many copies as they can.
Be that as it may, it’s a good bet to get your hands on first editions, limited runs or ‘specials’, just on the off-chance.
It’s so difficult to tell what will become popular in 20 or 30 years’ time. A good safe bet is a popular film franchise. A recent example is Lord of the Rings or Harry Potter merchandise, which is readily available now, but will be sought after in the future. See Forbidden Planet for official merchandise, the LotR shop, and the Harry Potter Shop.
As a quick taster, you can buy a Voldemort action figure for $22.91.
For a time, short admittedly, it looked like both the Harry Potter and The Lord of the Rings franchise had run their course. With less future interest, the value of some of the collectibles might have been lessened (although it could be argued that LotR/HP merchandise would appreciate in value as time goes by, as both the Tolkien estate and J.K. Rowling keep a firm hold on their merchandising and commercialisation.)
Meanwhile, the Star Wars and Batman franchises are only limited to the imagination of their owners, Disney and DC Comics respectively. The recent Star Wars trilogy, directed by Disney, will have done a lot to raise the franchise’s profile again, and potentially increase the value of any old action figures. As you can see, predicting the profitability of action figures related to any ongoing film franchise is very tricky.
The merchandise for the new Star Wars movies has been mass-produced, and more people will be wise to the potential profits of that franchise. In fact, a far easier way to make profits from the Star Wars franchise is by collecting LEGO Star Wars. Read more about collecting Lego here.
The reason the original Star Wars merchandise sold on for so much is because most people didn’t buy it expecting to make a profit – they bought it because they loved the franchise. A more recent example is Toy Story merchandise. Whilst first edition Woody and Buzz might not fetch a fortune yet, in a few decades time there is no doubt that these boxed toys will be worth a lot. However, most people originally bought these toys just to make their children happy. Ultimately, to make big returns you have to take a risk, so it is worth buying figures that you or somebody else will enjoy.
To increase your chances of a profit:
Where possible, keep your receipts or proof of purchase. In these days of cheap pirated knock-offs from China, it’s imperative that you have proof that what you bought is original.
Trawl internet forums and chatrooms to see what the underground buzz is. The Next Big Thing depends on the people, fans and consumers making it The Next Big Thing. Ride the wave and you may possibly see it pay off.
Keep your things in mint condition. This means bubble wrap, boxes and a dry storage area. A leg missing on Superman or Wonder Woman is going to render it virtually worthless, so if you’re buying it as an investment, it makes sense to protect your products.
Don’t go running back to the shop’s complaints department just because there’s a slight defect on your action figure. Collectors value these ‘flaws’. Remember it’s all about one-upmanship. If they can boast about having something that no one else has, they’re willing to pay good money for it.
This is why coins with defects created during minting are rare, and worth much more than a regular coin. Read more about valuable coins, including our story on how to sell 10p coins for £100.
When it comes to Star Wars toys, the hideous, puffing, overweight Jabba the Hutt could be worth more to collectors than a Han Solo. This is because manufacturers know the attractive, exciting characters will be the more popular sellers so they make more of them. They don’t produce as many of the less attractive ones – making them rarer and more valuable.
Sidekicks are less popular than main characters when the toys are originally made and so there are fewer manufactured. Again, this means they’re rarer and more highly valued.
Alfred the butler could therefore potentially be worth more than his boss, Batman.
If you collect merchandise from the television series Xena Warrior Princess, leave Xena on the shelf and snap up Joxer, her geeky hanger-on. His drop kick might not be as spectacular but he’ll pack more of a punch as an investment.
Look out for any special characters which will be produced in smaller numbers and so will be worth more in the future. Snap them up while you can.
The characters need not necessarily appear in a ‘special edition’ as they will be valuable regardless. It’s key to know your subject matter, so you can make a better guess as to what’ll sell in the future.
This market is a largely underground one, driven by fans and collectors. It still revolves around the internet, car boot sales and fan conventions, rather than huge auction houses and massive publicity.
The limited market means that you probably won’t be making a steady income from selling action figuress in the future, especially if what you have is a bog-standard edition.
It works both ways though; the compulsive nature of the fandom means that certain prized items go for top dollar, and even casual collectors may be willing to pay for a relatively known piece.
Dom White was born in 1980 and has been collecting toys and action figures for the last twenty years. Dom does most of his trading through online forums and fan sites and uses eBay only as a last resort because of the huge amount of fake merchandise there. Dom says you should buy in person for peace of mind as you can check the item and know that it’s the genuine article.
Dom scours boot sales every weekend, but finds older toys harder to come by. He’s now concentrating on collecting newer items, having finally got his hands on his most treasured toy – a Transformers Soundwave from 1987. (One of these recently sold for over £450 on eBay.) Dom desperately wanted a Soundwave as a boy and even wrote to makers Hasbro asking if they could send him one. This, he says, is one of the main pleasures in collecting as an adult – owning items you once had or always wanted to have but couldn’t afford.
Dom has sold toys all over the world and once received over £700 for 63 Kinder Egg toys and is amazed at the prices some items go for. He believes this is down to eBay and the way bidding wars start, with people not wanting to give up on an item.
Dom’s number one tip for aspiring collectors is: do your research. He says if there’s a fan forum for the item you’re after, get involved in it and benefit from the knowledge and experience of others.
If you’ve had success buying and selling action figures, or have any questions, tell us all about it below – we always love hearing from you at Money Magpie!