If you are researching Redline Hot Wheels prices, you might be tempted to look for a price guide or book about collectible prices - and it's a reasonable thing to think.
However, most current Hot Wheels price guides are not very helpful when it comes to determining current-day Hot Wheels prices because these cars' values fluctuate constantly AND have been in a steady decline over the last 5 years.
So, the price guide you buy (which was issued a year or two ago) will have inaccurate prices and can also have the effect of inflating your expectation of what your collection is really worth.
A better way than a price guide is to check eBay's prices for similar cars.
Now this good advice also comes with a couple of important warnings...
DO NOT check "Buy It Now" listings because in those listings the seller has priced his cars at what HE believed was the value, which as we know may or may not be accurate. DO check auction-style listings, because auction listings will tend to more accurately reflect the true current value of the cars - simply because an auction has traditionally been one of the best ways to determine the value of something. Be sure that the car in the listing closely matches the car you are trying to price. This is a big one. If you are not a collector, you may not realize the seemingly small variations that can make huge differences in value. Differences in the color of the car, interior color, whether the car has a black roof or an unpainted roof and even minor differences in the actual casting of the car can make a huge difference in value. Again, if you are not a collector, you might see a car selling for big bucks on eBay and think you have the same exact car, but by not knowing the little variation that makes it so valuable, you'll think you should receive the same big bucks for your car.
Following these guidelines should help you in determining Hot Wheels prices and creating a better deal for yourself.
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Brandon James is a writer for http://www.Cash4Redlines.com
He has partnered with David Briggs, who has been collecting vintage Hot Wheels since childhood, and started buying entire collections of vintage Hot Wheels in 1994.
Besides collecting vintage Hot Wheels, David also buys Redline Hot Wheels collections (Redlines were issued between 1968 and 1977) and also has a website that explains his buying process at: http://www.Cash4Redlines.com
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