A restored slot machine can still fetch good money. Motivated collectors are scouring this niche market looking for original machines, and anything that can be brought up to snuff. There is a booming trade in antique slots. Gaming experts and slot machine collectors agree that these machines are worth collecting, as they will only gain in value as time passes. The first wooden machines appeared on the market around 1906. If you are looking to purchase a wood machine, make sure to inspect for damage. This free-standing, fully functional slot machine has a carved solid oak frame, ball and claw feet, and gorgeous metal housings. If you are interested in something a little less pricey, there is the antique Owl Slot machine from the Mills Novelty Company that sells for roughly $15,750. If money really isn’t an option, a Caille Brothers Peerless 5 Cent floor roulette slot realized $300,000 at auction. This machine, in original, mint condition would sell for anywhere from $16,000 to $19,000. Now if money is no object, you may want to consider purchasing an 1899 Mills five-cent antique slot machine. If you find slot machine from the 1930s or 1940s for less than $3,000, the chances are good it has been restored. Once a slot machine has been restored, the value of the machine decreases.

Something relatively untouched or in mint condition is rare, however, they do exist. If you are interested in investing in an antique machine, look for one in original condition.

Here are some tips to consider prior to purchasing one. In the antique world, the more original parts and features, the better. The newer machines from 1930 on, have more than likely been tinkered with and might have replacement parts. The antique slot machines tend to have original parts, as replacement parts weren’t common. Slot machines built after 1930 are considered contemporary. Do you have an old slot machine? Do you want one? If you do, it might be worth the search, as some can be worth quite a bit of money.

Pace antique slot machines