The '90s were an interesting time to be a collector. The internet was gaining steam and suddenly, it was easier than ever for buyers and sellers to connect. Price guides like Wizard and Beckett were becoming staples of their industry, and people were starting to realize that some of the junk they accumulated in the preceding decades had become rare, desirable, and valuable. No longer was the speculation game confined to the niche convention circuit. Baby boomers tore into their belongings to unearth hidden gems.
In 1991, hockey superstar Wayne Gretzky made a high-profile purchase of the world's most prominent baseball card. Collectibles became seen as investments. Speculation markets grew quickly, but the sudden upswing in popularity had three major consequences.
1. While demand may have exploded, supply went supernova in response. The producers capitalized on their sudden popularity by flooding the market with an obscene glut of product.
2. People stopped discarding anything with the slightest potential for appreciation. As a result, less items became scarce.
3. When the internet became commonplace and the seller pool expanded to be international instead of local, values plummeted.
Decades have passed, nostalgia has set in, but values haven't soared the way investors had hoped. To make matters worse, a lot of the things that attracted speculators were crappy products to begin with. Nothing was as rare as it was perceived to be, and some of us were left with attics, basements, and our very childhoods stuffed with the worst collectibles of the '90s.
Oh, and that baseball card Wayne Gretzky bought that started all this? It was a fraud.
The Things You Didn't Hold Onto
The worst collectibles of all might be the ones you didn’t hold onto. Here’s a list of things you might wish you hadn’t thrown out in the '90s:
- Video Games - There is a weird niche market for unpopular games.
- Video Game Consoles - How cool would it be to still have an NES? They sell for more than Playstations and Xboxes.
- Hot Wheels and Micromachines - Hot Wheels have been around since the 1960s, but it was in the '90s that the hobby of collecting them really began to blossom.
- Furbys - See Tamagotchis, then turn all the negatives into positives.
- Anything from this list that is actually rare - There are rare examples from every one of these collectible categories (with the possible exception of Thomas Kinkade paintings) that command a pretty penny. They’re just not the ones that most people have.
- Non-Sports Cards - This is just a guess, but these cards were produced by the same companies that were pumping out sports cards, were made in smaller numbers, and were generally less well-cared for. Don't toss them just yet.
The feverish speculation on baseball cards had gathered a seemingly unstoppable amount of momentum during the 1980s. Rookie cards of 1950s All-Stars like Willie Mays and Mickey Mantle (heroes of baby boomers who were entering their prime earning and investing years during the '80s) had become especially scarce and sought after.
The match was lit, but Wayne Gretzky touched the flame to the fuse in 1991 when he made the most expensive baseball card purchase of al time. He acquired the hobby's crown jewel: a T-206 Honus Wagner tobacco card. The card was issued from 1909 to 1911 and somewhere between 50 and 200 copies still exist. Gretzky bought the one that was indisputably in better condition than all the rest.
The hobby exploded in popularity and seemed like a legitimate avenue for investors. Baseball cards weren't little pictures of ballplayers on crappy cardboard anymore, they were big business. Packs of new cards flew off the shelves, and in the cluster-fudge to attain marketplace dominance, the manufacturers did the only thing that made sense. They made more cards. They made SO MANY cards. How many? Well, it's estimated that Donruss printed about 3 million copies… of each of the 770 cards.
Collectors didn't know it until later, but these new cards weren't worth the paper they were printed on. The manufacturers profited in the short run, but values plummeted for all but the rarest of cards as the '90s came to a close.Worthless?
Action FiguresPhoto: Amazon
The term "action figures" can cover a wide range of products and some from the '90s have managed to appreciate nicely. If you have some early Power Rangers or Jurassic Park branded toys, you might have something, but most '90s toys are crap.
And the crap that people went the craziest for were Star Wars prequel action figures. It must have been an easy mistake to make, since the action figures that accompanied the original films are outrageously valuable. A $2.50 investment in the right Darth Vader action figure could yield several thousand today, but a few things went wrong with the toys for the prequels starting with 1999’s Episode I: The Phantom Menace.
It wasn’t a cult hit, it was a blockbuster with decades of anticipation. The toys were over-produced and cheap looking, and Star Wars fanatics had had years to build up collections of better stuff. Lastly, the prequels didn’t resonate with young '90s audiences the way the originals had with the kids of the '70s and '80s. That didn’t stop speculators from crashing department stores on shipping days. Much like Jar-Jar Binks, these toys are best left in storage, because nobody wants to buy them.Worthless?
The game of pogs goes back to the 1920s. It enjoyed a confusing resurgence in the 1990s when it was re-introduced as a danger-free alternative to playground games that were actually fun such as dodgeball, football, and punching each other for no reason.
The attractive part about pog collecting was that the game itself allowed you to steal pogs from other players. But since all you did was throw a small plastic disc at a pile of small cardboard discs, it wasn’t that fun. They came decorated with the most '90s-ish of designs including the Simpsons, The Tick, Mighty Morphin Power Rangers and things that managed to become even less relevant than those examples. Since anyone with enough cardboard could make a pog, there was no centralized way of accounting for what existed or who cared about what.
These days, you can buy a few thousand for pocket change.Worthless?