Originally Posted by cntryislandboy
Long story short, we are expecting our second child so my man room is going in boxes and the attic for a couple years. If I pack all my hot wheels and other similar items it well take several boxes and probably most of the space I have available. However if I open them and wrap them in say a paper towel I can probably get almost everything in a box or two. I know this will cause them to loose value but just how much? If we are talking selling them in 15 or 20 years from now. Are we talking selling them in package for $10 and out of package for $5 or would it be more like $10 and $2. I know it's hard to predict how this will go, but any ball park ideas from someone who deals with these more than I do would be greatly appreciated. Thank you.
Also for anyone who has had to pack there collection of items away for a long period of time. Did you take photos or scan all your card for insurance purposes in case something were to happen. I'm thinking of doing this for the sake of insurance, but also because these items are probably going to be stored for a LONG period of time.
I just bought a rather large Hot Wheels collection last month, however I had it sold before I ever took possession.
I really don't know what you have, but unless it's vintage - I would just part it out or try to find a dealer who is interested in taking the collection. I would find a better use for the money and space.
The collection I purchased in December was originally offered to me about 3 years ago. I would have payed close to $2,800 (he wanted $4k) three years ago. However, I only gave the guy $1,300 (he wanted $2k) for the collection in December. It was interesting to see that his collection had depreciated that much over time. Now the high end pieces have stayed around the same price because they are rare - but those common treasure hunts and $15-20 cars have all come down. A lot of people have completed sets of the years and demand isn't where it use to be.
I have watched a few 2,3 and 4 car box sets rise up (Air Stream, Hemmings Motor News etc.) - but not sure it there is really room for those to keep going up.
I can't help you on your insurance question, I think you need to talking to whoever you go through. Most companies have different requirements - but I don't think they will cover faulty packaging. If you plan on putting these away for a awhile, there is a lot to think about. How much weight are you putting in a box (anything getting crushed). The weather the cars will be in - because they could stick to one another.
Oh, and whatever you do - don't take them out of the blisters.