Do you want to get rid of Beanie Babies in your basement or LEGO in your loft? Don’t start packing your trunk with boxes just yet if your current plans include giving them to a local thrift store. Even if your old toys aren’t famous collectibles, you might be surprised at how much money you can make selling them for cash.
It takes some effort to second hand toys wholesale , and there are important steps you need to take to make sure everything goes smoothly. However, doing so can provide you with substantial financial benefits. This guide can help you decide which option is best for you and how to pursue it if you want to make some money from your used toys.
Check the Condition of Your Old Toys Before Selling
Before you even think about selling those treasures from your childhood, you need to know how much they are worth. Keep in mind that sentimental value cannot be taken into account; If you list them for more than they typically sell for, you probably won’t sell them. On the other hand, undervaluing them results in less money in your pocket. It helps to do some research before you sell your old toys to get the right price.
Find Out Who Made and When Each Toy Was Made
As a First Step, you’ll need to learn some fundamental information about the item. Your toy’s age and manufacturer are two factors that contribute to its value. It will be easier for you to research what comparable toys have sold for and use that as the basis for your pricing if you know specifics like the toy’s exact name, batch number, color, and year of release.
Evaluate the Condition of Your Toy
The better the condition of your toy, the more money you can typically make from it. This means that your toy may sell for more if it has no visible damage or only slight signs of wear. If it is still in its original box or packaging, you also stand a better chance of making money from it.
Look for Models That Are Similar
Some toys come in series or models that are different from one another, usually in terms of color, material, or features. Even if these distinctions aren’t obvious, they can still affect a toy’s value. Additionally, some models are more sought-after or scarce than others. Before setting a price, research the rarity of your toy’s model and variations, as well as the price at which similar toys have sold.
Find Toy Valuators
If your toy is more rare and there isn’t much information online, it might be hard to figure out how much it is worth. Toy valuators come in handy in this situation. These experts are familiar with toy varieties, histories, and values, and they are able to give you accurate estimates on which to base your price. Weiss Auctions, Skinner, Sotheby’s, Heritage Auctions, and Bonhams are a few of the best evaluation firms to start with.
Places to Sell Old Toys
Selling used toys not only helps buyers save money but also makes you some extra cash. Consequently, depending on the condition of your used toys and whether or not they are collectibles, it may pay to look into a variety of offline and online methods of selling them. Selling used toys can be done in some of the easiest and most convenient ways.
Consignment Stores Near You Your neighborhood consignment store might be looking for toys.
Call these stores and inquire about whether or not they have toys similar to the ones you want to sell. Keep in mind that you may not make as much money selling toys through other platforms because some stores may only buy toys in bulk. Consignment stores take a cut of your earnings, but they might also be more likely to take common toys or toys that have been damaged more than usual.
E-commerce Websites E-commerce websites make it so much easier to buy and sell things, including your old toys.
Toys can be sold well on platforms and stores like eBay, Craigslist, Amazon, and Mercari. Despite the fact that these websites face competition from other sellers, they make your products available to people all over the internet, improving your chances of making a sale. Just make sure you find out if there are any fees or memberships that need to be paid for first.
Toy Shows Another great way to sell used toys is through toy shows.
These shows are great for selling rarer collectibles or large quantities because they attract a large number of people looking for valuable toys in addition to being entertaining. If you have a display table at a toy show like the New York Toy Fair or the ABC Kids Expo, you have a good chance of selling your old toys. Keep in mind that because they only last for a few days at a time, events like these cost money up front and don’t give you a long-term way to pursue sales.
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