It’s the “Holy Grail” of collectibles.
It's crazy how a small packaging error can translate into a six-figure price tag 50 years later, but that's what happened with one recently discovered Hot Wheels. Joel Magee, The Toy Scout who has appeared on shows such as Pawn Stars, found the white enamel Hong Kong Chevy Camaro Hot Wheels. It's valued at more than $100,000 (approx. £77,000). What makes it rare is that it wasn't supposed to reach customers. It was a prototype for designers who'd coat the new cars in white enamel to check for imperfections. Only a few were known to have reached retailers.
The Chevy Camaro is one of the original 16 models Mattel made in 1968 for the Hot Wheels, adding to the car's exclusivity, and it's considered one of the three most desirable Redline Hot Wheels – Hot Wheels manufactured between 1968 and 1977. Magee found it in a collection of other Hot Wheels, and, after consulting with a Hot Wheels expert, confirmed its rarity. It's believed to be the only one in existence, and only the Olds 442 and The Beach Bomb rank with the Camaro in rarity.
Gallery: Rare White Enamel Chevy Camaro Redline Hot Wheels
"I've collected toys forever and this Hot Wheels Camaro is the Holy Grail of collectibles," said Magee. "I am beyond excited to have found it to add to my vast collection. This car is so extremely rare that there is only one known example which is this one." He added that it sold for 59 cents new, and now it's worth $100,000 or more.
Now that Magee knows the rare Hot Wheels he has, it'll join his unique toy collection to tour the country. If you have a box of old – really old – Hot Wheels, then now might be the right time to dig through it and see if there's anything of value. Don't expect a big payday. If the rarest of the rare Hot Wheels is worth $100,000, anything else won't help you reach early retirement.
Can a Hot Wheels Car that Fits in the Palm of Your Hand Be Worth More than $100,000?
West Palm Beach, Florida – (February 5, 2020) – One of the rarest finds in toy collecting history was discovered by America’s Toy Scout, Joel Magee. A Hot Wheels Camaro dating to 1968 and verified as the first Hong Kong enamel white example ever found was acquired by Magee and now stands alone as the only one in the world. The white prototype Camaro is three of the most desirable Redline Hot Wheels collectible cars in the world. Found in a set of several other Hot Wheels cars, it wasn’t until Joel examined the collection and consulted a Hot Wheels expert that he was able to confirm that the lone white Camaro was, in fact, the rarest of rare.
The Enamel White Prototype Custom Camaro Hot Wheels car was one of the original 16 models produced by Mattel in 1968. The enamel white variant is a prototype because with all new cars, designers would coat them with an enamel white coat to check for imperfections. Only a few were known to be mistakenly packaged and released to retailers. This car is extremely rare to find at all, let alone in good condition.
This is the third rarest Hot Wheels car and the only one believed to exist. . The Beach Bomb and the Olds 442 are the only other rare Hot Wheels on the level of the white enamel Hong Kong Camaro.
“I’ve collected toys forever and this Hot Wheels Camaro is the Holy Grail of collectibles. I am beyond excited to have found it to add to my vast collection. This car is so extremely rare that there is only one known example which is this one. Imagine something that originally sold for 59 cents now being worth upwards of $100,000! Wow! – Joel Magee, America’s Toy Scout
merica’s Toy Scout, Joel Magee has made toys his life. As a regular on the hit show, “Pawn Stars,” and a frequent guest on local television and radio media across the country, Magee has rightfully earned the name “America’s Toy Scout.” He is the perfect guest for segments as an expert on all things toys. Magee boasts the rarest toy collection in the world. As a young child who spotted a G.I. Joe lunchbox during a trip to a local flea market, Magee knew his quest for the best toys was about to begin. Since then Magee has scoured the world for the rarest toys he could find. Hot Wheels, Star Wars, G.I. Joe, Barbie, Transformers, Disney, Monster toys, television related toys, Godzilla and so much more. The collection which takes up thousands of square feet, is one that will shake a nostalgic tone and bring about several “AHA” moments.
The rare Hot Wheels will be added to Magee’s rare collection of toys and will tour with him throughout the country at upcoming toy fairs, media appearances and appraisal events.