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Hot Wheels Errors a Rare and Valuable Collectible?

Hot Wheels Matt Black 1985 Honda CRX Error

We have recently bought a loose Hot Wheels Matt Black 1985 Honda CRX. When we got home, we noticed there is no green paint on the front right wheel. We informed the seller and he wanted it back. He was more excited to have it back more than we do. We were puzzled. We would have thought no one would want a diecast with an error or imperfection but we thought of trying our luck if there was any chance to return it. We felt happy that he wanted it back and in exchange with a normal without error CRX. Now, after this incident, we google searched about Hot Wheels Errors or Diecast Errors. We have learnt that diecast with errors can be valuable collectibles as well.

 

Green paint on the front and back left wheels

 

Without green paint on the front right wheel

 

What is Diecast Error?

So what is Diecast Error? In summary, Diecast Errors are as follows:

  1. Packaging Errors such as mismatch between the diecast and package name or the diecast was packaged upside down.
  2. Wheel Errors such as missing paint on wheels, incorrect wheels or non-matching wheels.
  3. Missing Parts such as missing headlights, windows, axle, engine, fender etc.
  4. Card Errors such as name misspelled on the card or missing wording / name print on the card.
  5. Tampo Error such as missing tampo print, shredded tampo print or wrong placement/misalignment of tampo print.
  6. Color Errors such as poor or dirty paint or extra paint/smudge.
  7. Extra parts such as additional axle.
  8. Misplaced Errors such as incorrect assembly.
  9. Broken or Cracked parts.

For details, you can find articles from following websites where I have read and summarized as above:

  1. http://hotwheels.wikia.com/wik…
  2. http://kelvinator21.blogspot.m…
  3. https://blog.hobbydb.com/2017/…
  4. http://redkop-kk.blogspot.my/2…

 

How Valuable are the Hot Wheels Errors?

If you noticed, I have mentioned Diecast Error instead of Hot Wheels Error as I believe it applies to all diecast out there. However, as the subject will be too broad to cover, I will focus on how valuable are Hot Wheels Errors for now.

Out of curiosity, I have searched and thought to share my thoughts on the value put on Hot Wheels with Errors or some calls them as variation / rare collection.

 

1. Error Carded ** 1996 Hot Wheels BLAZER 4 x 4 = CAMARO

Error Carded 1996 Hot Wheels BLAZER 4 x 4
They are selling at Amazon for the error carded 1996 HW BLAZER 4 x 4 for US$74.95: Error Carded 1996 Hot Wheels BLAZER 4 x 4 = CAMARO

 

Correct Carded 1996 Hot Wheels BLAZER 4 x 4

For the correct carded 1996 HW BLAZER 4 x 4, they are selling at Amazon for US$9.77 only: 1996 Hot Wheels BLAZER 4 x 4

 

1995 Hot Wheels Camaro Convertible

For the 1995 HW Camaro Convertible which was packaged with the incorrect card, they are selling at Amazon for US$5.48 only: 1995 Hot Wheels Camaro Convertible

From here, you can see the value of the Error Carded 1996 Hot Wheels BLAZER 4 x 4 is more than 7 times the non-error version of the Hot Wheels.

 

2. Hot Wheels White Volkswagen Golf GTI Error Wheel Variation

There is a 5-hole wheel in front and 5-Y wheel on the rear of the HW White Volkswagen Golf GTI.

Hot Wheels White Volkswagen Golf GTI Error Wheel Variation

They are selling the HW White Volkswagen Golf GTI Error Wheel Variation for US$25.00 at Amazon: Hot Wheels White Volkswagen Golf GTI Error Wheel Variation

 

Hot Wheels White Volkswagen Golf GTI without Error Wheel Variation

For the Hot Wheels White Volkswagen Golf GTI without errors, they are selling at Amazon for US$14.17 only: Hot Wheels White Volkswagen Golf GTI without Error Wheel Variation

From here, you can see the value is only 1.7 times more than the non-error version of the Hot Wheels.

 

3. Hot Wheels Porsche 911 GT3 Cup Error No Side Tampo Graphics Die-Cast Set, One Regular, One Error No Graphics

There is no side tampo graphics on the Hot Wheels Porsche 911 GT3 Cup.

Hot Wheels Porsche 911 GT3 Cup Die-Cast Set (One Regular and One Error with No Tampo Graphics)

They are selling the above set of HW Porsche 911 GT3 Cup (One Regular and One Error with No Tampo Graphics) at Amazon for US$17.99: Hot Wheels Porsche 911 GT Cup Set of Regular and Error

For the HW Porsche 911 GT3 Cup non-error version, they are selling at Amazon for US$5.98 only: Hot Wheels Porsche 911 GT3 Cup (Regular)

For the purpose of calculation if we use US$5.98 for the regular version in the set above, the error version is estimated to be sold at US$12.01. Hence, the value of the error version is estimated to be 2 times more than the regular version.

 

 

Worthiness to Collect Hot Wheels Error or Variation Collections

In conclusion, if you are a rare collector, I would think it is worth to collect Hot Wheels with errors or variations as they are rare and valuable. Their value is definitely higher than a regular. They are definitely collectibles worth to own and admire as a rare collection. As a normal collector, I used to see error or variation as imperfection and I would avoid it by all means. As I have now gained knowledge of these rare collectible items, I have broadened my mind that they can be a rare gem and one of kind. There is a saying that goes “Beauty is in the eye of the beholder”.

 

 

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