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Many people don’t ever think about video games being an investment. This is because usually it’s things like gold, silver, bonds, stocks and shares that are common items to invest in.
Today though, many people are thinking outside the box and are even investing in Gaming consoles. This leads many people wondering if the Nintendo 64 will be a good investment.
So will the Nintendo 64 increase in value?
According to previous trends and listings on eBay, the Nintendo 64 has been in great demand and will likely remain in high demand in the future. With this increase in demand and shortage of supply, the prices will likely continue to increase.
This is why It is likely the right time to invest in retro consoles like the Nintendo 64. However, honestly no one truly KNOWS that the N64 will keep going up in value but it is certainly a pretty safe bet.
If you would like to know more about the Nintendo 64 increasing in value, you will want to keep reading this article.
You can also watch this short video to learn about the rare Nintendo 64 games and how much they are worth.
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Is The Nintendo 64 An Antique?
Retro gaming consoles and games preserved in good condition can be antiques and a great source for an investment. If they are bought at the right time, and sold at the right time, they can make you a fortune!
Nowadays the demand for retro games and consoles is increasing excessively. Collectors are passionate about building a collection of games they used to play during their teenage or childhood years.
One of the most in-demand game consoles is the Nintendo 64.
It was developed by Nintendo and released in June of 1996 in Japan, in September of 1996 in North America, and in March of 1997 in Europe and Australia. It was a great success for Nintendo and sold 32.93 million units worldwide. It was the last major home video game console that used cartridges as its primary storage for games. This makes it remarkable, and an important part of the collection.
Recently, eBay released a ranking of its top-selling gaming products. Below is the list that they put out.
1. Nintendo Switch
2. Nintendo 64
3. Super Mario
4. Xbox One
5. Call of Duty
It was interesting to see that Nintendo was holding the top 3 places in the report. The most surprising was the fact that in these top entries, the Nintendo 64 was second. This retro system saw an increase of 200% in its sales and because of this, it ranked second on the top-selling list.
This can continue because not only are collectors interested in this retro console, people born in the 80s and 90s are also buying them to relive their childhood and have that experience again. This makes the Nintendo 64 a perfect item for investment.
Why Are The N64 Consoles & Games So Valuable?
Here are some of the top reasons for the increase in value and what can make your console increase in value.
Helps People Relive Their Childhood
The Nintendo 64 was a great console of its time. It was best among its rivals with some of the most popular games of all time. People who were in their teenage or childhood years during the 90s, after 23 years must be in their professions as adults, and they would love to re-experience their childhood days.
For them, it is more than just a console and a way to relive their memories.
Its sale and prices are rising constantly over the past 10 years and some games have grown as much as to 10 times their value.
The N64 Was The Last Large Cartridge Console
One of the major reasons for the rising demand and popularity of the Nintendo 64 is because it is the last major home video game console that used cartridges as the primary storage for games. This gives Nintendo an edge over the other game consoles.
After Nintendo, the era of CDs and DVDs came with the launch of PlayStation by Sony. These disc-based storage devices were better than cartridges and store more items. This ended the era of cartridge games, and the Nintendo 64 was the last major console.
This affects its value and makes it more popular for collectors.
Collectors Love Nintendos
People are aware of stamp collection, coin collection, and other collections. Today though, a new trend has hit the market. It is the collecting of retro games and consoles.
These are also of great value because finding a well-maintained console with its original accessories and box is much more difficult, but the value of these well-maintained consoles is more than expected.
Supply And Demand
Retro consoles are usually harder to find, and the demand for them is huge. This creates a phenomenon of high demand, and low supply. In this situation, the price increases with the increase in demand.
This is exactly what happened with the Nintendo 64. The well-maintained consoles are hard to find and there are only a few of them around. This makes them very unique and valuable.
This is why many people buy these consoles. They want to purchase them and then sell them to make a good profit.
A well-maintained console can make you a lot of money. Collectors prefer to buy product consoles with original parts.
Game cartridges with the original box, label design, and covering are a lot more valuable than those games that are loose. There are other factors also that can affect the condition of the console.
These conditions ultimately affect the price.
A complete box with a receipt helps in authenticating the console. It describes If the device is genuine or not. The receipt can independently increase the price.
It also tells the buyer about the manufacturing and the edition of the console that can relate to it.
The original box is as important as the original console. It influences the price directly. Having a complete console with its original box makes it stand out, and the demand also rises.
With this demand, the price of the console also rises and people can make more money. Retro games are also beneficial.
Games with their original box can sell for as much as 10 times higher than the original price.
Editions play an important role in value determination. They released the Nintendo 64 in several colors. As discussed above, price is a matter of demand and supply.
With limited editions, supply is very low. Because of this lack of supply, their demand skyrockets, and prices go way up.
Retro games and consoles today can be extremely valuable. With the Nintendo 64 being a retro console with the last major home video game console that uses cartridges, the console sells for a premium compared to other consoles produced around the same time.
With other features like a well-maintained device, original box, receipt, and limited editions increases to its value. Its price has been rising consistently for the last 10 years, and we assume it will continue to rise.
This is why many people prefer to invest in these consoles rather than in stocks. With prices of stocks and bonds going up and down, many people prefer to invest in something that is tangible and that many people are wanting to get their hands on but cannot.
This high demand and low supply of the Nintendo 64 has created the perfect environment for people to invest in the Nintendo 64.