“The market fluctuates all the time. We know that there are a whole heap of new sets hitting shelves but we also know that there are going to be a range of sales around the corner. I will help assess what it takes to make real money by describing my own experience buying a large used Lego collection on Craigslist for a discounted price, figuring out what sets I had, sorting the bricks back into the original sets, acquiring the missing pieces and reselling for a profit. Hussey said notable gems include early Space (blue and ‘old grey’) Lego, Castle Lego, and Train Lego – especially the Monorail – as well as other rare pieces. Ed also is a regular contributor in the LEGO-themed magazine, BLOCKS. Find Out ›, Your Star Wars action figures could be worth thousands: Here’s how to sell them, Comic books: What they’re worth & where to sell them, Graphic novels: What they’re worth & where to sell them, Your old magazine could be worth $5,000 or more: Here’s how to sell it. I think it’s kind of a shame that there are people out there that have a garage full of unopened building block toys with no intention to build them. Amazing! Analysis of LEGO brick prices over the years . Some of the most expensive Lego recently sold on Ebay include: (adsbygoogle = window.adsbygoogle || []).push({}); Lego collections. Hussey recommends using BrickSet in conjunction with BrickLink to determine how much Lego are worth. Some characters, like Han Solo, have been part of multiple Lego sets; so, there are multiple variations of that character. Track market values, predict future expected values, returns and growth. Browse the results to see if any match the Lego you have, … That had an immediate effect on the price of the original $500 set.”. The prices reflected in the guide are comprised of factual data and not speculative conjecture. 2019: 72.9 million 2018: 62 million 2017: 77.3 million […], FREE MONEY: The average household has $265 worth of old gadgets.See how much you can get. BrickLink has a better tracking mechanism. If in doubt, ask for help – visit Lego communities and forums, or search for a local Lego User Group and ask for assistance. Star Wars minifigures with weapons, Do You Have Hundreds Of Dollars Worth Of Used Gadgets? This is a how to video for using the BrickLink website. In the left column, filter by “sold listings”. Still, the Price Guide at the end of the book is fascinating, as it analyzes the sets with their calculated ROI% (return on investment percentage from the retail price). “Since the early 2000s, Lego has built in some actual rarity to the Lego collectible market by changing their product lineup on a yearly basis,” says Hafer. The following table lists general guidelines for designating the size of a Lego collection. Never hand over your Lego until you have cash in-hand. Love the site, first of all. For that, I go to BrickSet. 15. In fact, a 2015 Time article stated Lego collecting is a better investment than gold. If you’re struggling to identify your Lego, ask for help. Nicely laid out and easy to search for sets. MVNO Carriers Compared: Find the Best MVNO Plan for You, Neglected Phones at High Risk for Low Worth, Where to Get the Most for Your PlayStation. The Lego Collector's Guide is a 800-page reference book that shows all the Lego sets that came out between 1958-2008. The size of a given collection might even be what prompts some to sell. You might want to sell to a local toy store. Take the time to research your Lego to understand what you have and what it’s worth. “Missing minifigures are the primary reason for incompleteness,” says Hussey. FREE MONEY: The average household has $265 worth of old gadgets. “If a part has ever been connected to another part, it is used.”. Do you need cash today? Average Sale Price: $938 (used), $1,700 (Mint in Same Box [MISB]) “Maersk and Lego have a long history, and LEGO continues to release Maersk sets,” explains Malloy. It also provides a way to acquire the non-fig pieces at a lesser cost.”, Hafer concurs: “Missing parts erode the value of a set, but not as much as a missing figure can erode the value. 12. tf05-1 - Lego Toy Fair 2005 Star Wars V.I.P. Size largely determines the value of a Lego collection. 21104 NASA Mars Science Laboratory Curiosity Rover, 60230 People Pack - Space Research and Development. Did You Know? Instructions can be helpful in part identification; since 2008, Lego has included an inventory of parts in its instruction booklets. “On the secondary market, Lego parts range from one cent per piece — or less — to lots of money for one part. The current holiday sales record is 78.3 million, set in 2016. “A really good indicator of a set’s value is whether it is selling at, above, or below the Manufacturer’s Suggested Retail Price,” he says. Do you have boxes or tubs full of Lego? The information obtained from various reliable sources, such as auction sites. We are currently in early beta and welcome any feedback you have to help us improve. The price for that set is now nearly $4,000. Hussey explains that 90 percent of all Lego parts include the Lego logo on the studs, or knobs (the bumps that connect the parts); as well as a four- or five-digit mold number and Lego copyright imprint on the surface (often inside the part). BrickEconomy uses statistics and machine learning to model current and future sets and minifigure prices over time based on sales trends from multiple secondary markets. He and his brother, Jeff, got the idea to create the online LEGO price and investing guide after Ed discovered that a 10179 Millennium Falcon set he bought for $399 was selling for $800-$1,200 on eBay two years later. The biggest issue for LEGO collectors and investors is trying to accurately track the current value of a given set or minifigures. Distribution and production contribute to rarity, which influences value. Some Star Wars comic books have sold for more than $3,000. Lego Statue of Liberty. “Most likely your largest set, with the most figures, will be your most valuable.”. Some were available in only one set, which could make those figures highly sought-after. Hussey advises to exercise diligence, however, because there is potential for confusion or human error. Forty? Thus no "price guide" can ever keep up, as long as older LEGO sets continue to be popular and desirable. Twenty? While sets are easy to identify, individual parts can prove more difficult – and knowing what you have is critical to understanding its value. A Very “Apple-y” Christmas: Will iPhone Holiday Sales Shatter Records? See if you can find a mold number, or use the booklet to find a part number, 3. This is where BrickEconomy comes in. BrickEconomy ('Brick' + 'Economy') is the economics of LEGO (brick) investing. sold in a January 2017 Catawiki auction for $19,793, fewer than ten of the bricks are believed to exist, sold on the secondary market for more than $5,600, Your Old Phone Could Be Worth $100 Or More. Meet GreenBuyback: Our Newest Trust Verified Store! . If you can read the mold number, you can identify the part. This series of articles explores the practical economics of buying, sorting and selling bulk Lego. Hussey says some are available individually; for example, a torso assembly includes a body, a left arm, a right arm, and two hands. Or, especially, one minifigure,” says Hussey. There are 17495 items in the Brickset database. These tips will help you get the most out of your Lego selling experience. 15-gallon Rubbermaid or Sterilite container, Debris, such as pieces of Crayons, Hot Wheels, buttons, or other non-building toys mixed in with a collection, Visit Ebay and search for your Lego by name and/or part number, In the left column, filter by “sold listings”, Browse the results to see if any match the Lego you have, and compare how much they have recently sold for, Completely identify all sets and parts; use part numbers if you can find them, List everything that is included and whether sets are complete; if they’re not, list what’s missing, Accurately describe the condition of your Lego, which will help you avoid disputes and poor seller ratings, Include plenty of high-quality color photos from multiple angles to make it easy to understand what you’re selling, Include payment options, shipping fees, and other policies that will eliminate any surprises that could derail a sale, Ask a fair price – conduct your research and set your price according to current value; or, price your Lego below market value to encourage a quick sale, Quickly respond to any questions to facilitate sales.

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