I bought these a few months ago at a yard sale. They are cast iron and weigh about 2 pounds each. They have very little rust or paint loss as you can see in the pictures. All 4 wheels on both cars turn freely. I have seen them sell from anywhere from $50-$100 on ebay but the ones I have seen haven't been in such good condition like the ones I have.
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Re: Old Cast Iron Mickey Mouse Race Cars
You are pretty much dead on value wise. In this condition, which I would rate as very good, $50 each is the market value.