Ertl Diecast Value Guide Top 7 Tips
Ertl diecast models hold a special place in the hearts of collectors, evoking nostalgia and representing a significant investment for some. Understanding the value of your Ertl diecast models requires a strategic approach and a keen eye for detail. This guide provides seven essential tips to help you navigate the world of Ertl diecast values, ensuring you can accurately assess your collection and make informed decisions. Whether you are a seasoned collector or just starting, these insights will prove invaluable in determining the worth of your treasured models.
Research and Identify Your Ertl Diecast
The first step in determining the value of any Ertl diecast model is to correctly identify it. This involves understanding the specific model, its features, and its history. Accurate identification is the foundation upon which all subsequent valuation efforts are built. Without knowing precisely what you have, you cannot begin to understand its potential worth. This stage requires patience, attention to detail, and a willingness to delve into the specifics of each model in your collection.
Understanding Ertl Diecast Models
Ertl produced a vast array of diecast models, spanning various scales, vehicles, and eras. Familiarize yourself with the different series, model types, and the periods during which they were manufactured. Knowing the year a model was produced, its scale (e.g., 1 18, 1 25), and the specific vehicle it represents are critical. This information helps narrow down your search and allows you to find comparable sales and pricing data more efficiently. Many collectors specialize in specific areas, such as tractors, trucks, or movie cars, so understanding these categories also helps in the valuation process.
Where to Find Information
Numerous resources are available to help you identify your Ertl diecast models. Start with the model itself look for markings on the base, chassis, or interior. Online databases, such as those hosted by diecast model enthusiasts or collecting communities, can offer detailed information including model numbers, production years, and variations. Books and price guides focusing on diecast models often contain detailed information and images, and can provide crucial details. Also, original packaging, if you have it, often includes valuable data. Cross-referencing information from multiple sources ensures accuracy in identification.
Assess the Condition of Your Diecast
The condition of an Ertl diecast model is a primary determinant of its value. A model in pristine condition will command a higher price than one that is damaged or worn. Condition assessment is subjective but there are standardized guidelines for evaluating a model’s state. Careful examination, using a consistent methodology, is essential to accurately assess the condition of your Ertl models and to understand how that condition impacts the price.
Why Condition Matters
Collectors are particularly discerning when it comes to condition. A model in excellent condition indicates that it has been well-preserved, either through careful handling or storage. These models are more desirable because they often look as they did when they were first sold. Condition is crucial because it reflects the model’s historical significance and its potential for display and investment. Damage, such as scratches, dents, or missing parts, can significantly reduce a model’s value, as can fading or discoloration. Furthermore, models in original packaging often command a premium, especially if the packaging is in good shape.
How to Evaluate Condition
When evaluating the condition of an Ertl diecast model, consider several factors. Examine the paint for chips, scratches, and fading. Check for missing or broken parts, such as mirrors, wheels, and accessories. Inspect the model for any signs of wear or use, like scuff marks or dust accumulation. Look at the functionality of moving parts, ensuring doors, wheels, and steering mechanisms operate smoothly. Finally, assess the overall cleanliness and preservation of the model. Many collectors use a grading system, such as Mint, Near Mint, Excellent, Good, and Fair, to categorize the condition, offering a standardized approach to evaluating the model.
Determine the Rarity of the Model
Rarity is a significant factor in determining the value of an Ertl diecast model. Rare models are more valuable than common ones because of their scarcity and the high demand. Production numbers, limited editions, and special releases contribute to a model’s rarity. Understanding the history and production details of the model helps assess its potential value. This requires research into production runs, promotional items, and any special features that might set the model apart.
Limited Editions and Special Releases
Ertl often produced limited editions and special releases to commemorate events, promote brands, or cater to niche markets. These models are usually produced in small quantities and are highly sought after by collectors. Examples include promotional models created for businesses, models issued in special packaging, or those featuring unique paint schemes. Investigating the model’s history can reveal if it was part of a limited run, which can significantly increase its value.
Production Numbers and Availability
The number of models produced directly impacts rarity. Models with lower production runs are generally more valuable. Researching the original production numbers can provide valuable insight. Information on a model’s availability can sometimes be found in catalogs, advertising materials, and collector forums. A model that was only available for a short period or in a specific region might be more valuable than a more commonly available one. Tracking these details contributes to a more accurate evaluation of the model’s value.
Explore the Market for Your Diecast
Understanding the market is crucial in assessing the value of your Ertl diecast models. Knowing where to look and how to assess prices gives you valuable insight. Market research allows you to evaluate the current prices and discover the trends that might influence the value of your models. This involves both online and offline resources. This information helps ensure a realistic valuation based on current collector demand and sales data.
Online Auction Sites
Online auction sites, such as eBay, are a great source for market information. By searching for your specific model and checking the ‘sold’ listings, you can observe the prices that collectors are willing to pay. Pay attention to the condition of the models sold and the final bid amounts. These sites also provide data on the frequency of sales, which can indicate the demand for your specific model. Compare prices from different auctions to get an overall understanding of current market prices. Be cautious of prices that seem unusually high or low. Always factor in shipping costs and the reputation of the sellers.
Specialized Diecast Forums
Specialized diecast model forums and communities offer another valuable resource. These forums provide insights from seasoned collectors and enthusiasts. You can ask questions about the value of your models, see similar items for sale, and get expert opinions. Members often share information about market trends, recent sales, and potential buyers. Participating in these forums helps connect with collectors and dealers who may be interested in your models. Always respect forum rules and community guidelines when posting or seeking advice.
Consider the Packaging and Documentation
Packaging and documentation play a crucial role in determining the value of an Ertl diecast model. Original packaging, especially if it is in good condition, can significantly increase the value of the model. Original boxes and inserts demonstrate that the model has been preserved. Documents, such as certificates of authenticity, can add to a model’s appeal. Both packaging and documentation offer proof of originality and can also provide insights into the model’s history.
Original Boxes and Inserts
Original boxes and inserts are highly desirable. The condition of the box matters significantly, from the printing and overall shape to the original price tag. Original boxes offer collectors a sense of completeness and authenticity. The box also helps protect the model and provides information, such as model numbers, descriptions, and sometimes even production details. Collectors often seek models with intact boxes, and models with original packaging often command higher prices. Careful storage of the box and its contents is therefore crucial to preserving its value.
Certificates of Authenticity
Certificates of authenticity (COAs) are documents that verify the originality and authenticity of a model. They are particularly important for limited edition or special release models. A COA provides assurance to the collector that the model is genuine. COAs often include details such as the model’s production number, the date of release, and the signatures of relevant individuals. Models with accompanying COAs usually have higher values, as the COA adds credibility and historical value. Ensure that any COA is from a recognized and trusted source.
Understand the Market Trends
The value of diecast models, like all collectibles, is subject to market trends. Collector interests, shifts in economic conditions, and external factors can influence prices. Staying informed about market trends helps you make smart decisions when assessing the value of your collection, buying, or selling. Being aware of current trends allows you to make informed decisions based on the most up-to-date information available.
Current Collector Interests
Collector interests evolve over time, with some models becoming more popular than others. Certain themes, such as movie cars, specific vehicle types (e.g., trucks, tractors), or particular eras, may see heightened demand. Follow collector forums, auction results, and industry publications to gauge current interest. Understanding which models are in demand at any given time allows you to evaluate your collection more strategically. Being aware of these shifting preferences can directly impact your valuation.
Economic Influences
Economic conditions can affect the collectibles market. Economic downturns or periods of financial uncertainty can impact the demand for non-essential items. Economic growth and consumer confidence often have a positive impact on collectibles, as more people have disposable income to spend. Monitoring economic indicators, interest rates, and financial market trends helps inform your valuation decisions. Recognizing the economic context helps to interpret the value of your collection and adjust your expectations accordingly.
Consult an Ertl Diecast Value Guide
Ertl diecast value guides are excellent resources for estimating the worth of your models. These guides provide pricing information, condition guidelines, and model identification details. They are available in both print and online formats, offering diverse levels of access and depth of information. The utilization of value guides serves as a foundational step in any thorough evaluation of Ertl diecast models. These guides offer a starting point and provide reliable baseline pricing for your collection.
Online Value Guides
Numerous online resources provide Ertl diecast values. Websites and online databases often offer updated pricing, model information, and user-generated data. These can provide a good baseline for current market prices. Many online guides are free, offering readily accessible information, while others may require a subscription. When using online value guides, always check for recent updates and ensure the source is reputable. Cross-referencing with other sources is always recommended for accuracy. Explore online communities and forums for user insights and pricing feedback.
Printed Price Guides
Printed price guides, like those published by collectible specialists, are another valuable tool. These guides usually contain detailed photos, model specifications, and pricing information. They can be an essential reference tool. The advantage of printed guides is that they do not require internet access and provide a curated set of data. However, printed guides may not be updated as frequently as online resources, so always consider the publication date when using them. Comparing the price from different guides will give you a broader picture of the value.
Get a Professional Appraisal
For particularly valuable or rare Ertl diecast models, consider obtaining a professional appraisal. A professional appraiser has extensive knowledge and experience in the collectibles market, as well as the expertise needed to properly evaluate the models. They can offer an objective assessment of your collection, taking into account all relevant factors, from condition and rarity to market trends. A professional appraisal is especially worthwhile if you plan to sell your models, insure them, or divide them during an estate settlement. The appraisal provides expert opinion and documentation of the current value.
Determining the value of your Ertl diecast models is a process that combines research, observation, and an understanding of market dynamics. Following these seven tips will help you assess the worth of your collection, allowing you to make informed decisions whether you are buying, selling, or simply enjoying your prized models. Remember that the value of collectibles can fluctuate, so continuous learning and adapting to market conditions is always key. With diligence and attention to detail, you can unlock the true value of your Ertl diecast models.