ANSWER: A lot has happened since you first received your first Hess truck for Christmas. In fact, a lot has happened to the company in the last three years. The Hess Oil Company has undergone some major changes, the biggest being the selling off of all of their gas stations to Marathon Petroleum. These are set to become Speedway stations by the end of 2017. So naturally, Hess trucks won’t be sold there anymore. Instead, Hess Oil has set up a special Web site to sell its latest truck.
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Starting in 1964, the Hess Oil Company wanted to thank their loyal customers by making small replicas of their trucks as a token of appreciation for their business throughout the year. The company was the first one to manufacture toy trucks that had working lights and sound.
The Hess toy trucks, helicopters, police cars, airplanes, space shuttles and rescue vehicles have been popular Christmas gift traditions for over 50 years. In fact, it’s one of the longest running toy brands on the market.
Because the company produced these trucks in limited quantities, they limited each customer to two of them. That first truck sold for $1.29, and today can sell for over $2,500. Over the last 20 years, the value of some of the older Hess trucks has doubled.
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However, more than half the value of each truck depends on the condition of its box. If the truck, itself, is also in perfect condition, then it’s considered to be “MIB” or “Mint-in-Box.” Most people have trucks they bought to give to their kids for Christmas. Unfortunately, their children played with the trucks and now they’re worth a fraction of the mint ones.
Plus values of these toys tend to fluctuate, depending on who’s buying them. While dealers pay the lowest amount and then double it to sell them, some collectors will pay just about anything to get the truck they want. In fact, one collector drove four miles to meet a woman in a rest area on an Interstate highway just to look at a truck she had for sale. But true value of a truck is whatever anyone is willing to pay for it.
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The oversized dragster is the largest accompanying race car in the fleet’s history. Its innovative pull-back motor and tilt-activated weight transfer design allows the speedster to launch in either a flat or wheelie position. The racer features super bright LED headlights, a stylish spoiler, and chrome detailed hood-mounted air intake, side exhaust pipes and rear parachute box.
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The Hess Toy Truck is one of the longest-running toy brands on the market. However, the price has gone up considerably from that first truck selling for $1.29 in 1964 to $31.99 for this year’s truck and dragster.
Remember, unless a Hess truck is an early model and still new in a pristine box, it has little value. Unfortunately, the market for Hess trucks has been flat for several years, so selling all but the oldest trucks will be a challenge.