Have you ever wondered what became of those old video games like "The Legend of Zelda" that you were constantly buying for your kids, or for yourself, in the 1980s and the 1990s? Right, they're probably upstairs in the attic collecting dust. Let's hope so. These days, old video games are valuable collectibles.
That's right. Those old video games are bringing in big cash from people in their 30s and 40s who, fueled by the pang of nostalgia, have made old video games as collectible as stamps, coins, comic books, baseball cards or any other old item people will pay to get their hands on.
So, you might be wondering why video games are suddenly the hot collectible. It's the same reason people collect anything. These video games bring back happy memories.
Plus, old video games are rare. Or, at least they're getting really hard to find because they've been replaced by games people play on their smartphones or iPads.
More important, people in their 30s and 40s who played these games now have the money to pay hundreds or even thousands of dollars for old video games. In fact, they've turned this into a $200 million industry, according to a CNN Money report.
Nintendo's "Earthbound," for instance, is going for $175 if it's loose and out of the package, according to PriceCharting. But, even more valuable, "Earthbound" in its original packaging from the mid 1990s is going for $1,825.
More reasonably priced video games like "The Legend of Zelda" have doubled in price in just the past few years, to about $25. Games for old, long-gone consoles like "Brigandine the Legend of Forsena" for Sony PlayStation 1 are going for a pretty penny. Collectors are buying "Brigandine" for $72 if it's loose, but almost $300 brand new.
We've told you before how to make money selling outdated tech. Now, it's video games' turn to bring you a buck. Just head to your attic or closet and start digging around.