Mego toys were popular action figures from the 1970s that are going through a nostalgic renaissance. Collectors will pay enormous amounts for them, even though by today's toy standards, they're rather basic. But nostalgia is a powerful tool, and collectors are drawn to the toys they loved as kids -- or always wanted.
The dolls, which were known for their interchangable heads, were available as characters from both the DC and Marvel universes, as well as Planet of the Apes, Star Trek, The Flintstones, Wizard of Oz, Dukes of Hazzard, and Happy Days. But Mego's fortunes began to change in the late 1970s. For one, the license to make toys based on a little movie called Star Wars went to Kenner, which wound up changing the toy business. The company found itself in debt thanks to disappointing sales, and eventually filed for bankruptcy protection in 1982, before closing up shop in December 1983. Though Mego president Martin Abrams reclaimed the Mego name in 2009, no plans have been made public as of yet.
Chech out SYFY Wire's Jackie Jennings in the vid below, as she gives us a quick history of these classic toys, and then walks us through the 13 most valuable Megos.
(Editor's Note: Special thanks to Benjamin Holcomb, author of Mego 8" Super-Heroes: World's Greatest Toys, for his help in clarifying some of the information regarding Mego's demise.)