Don't throw away your Easy-Bake Oven! It can be worth a ton

If you grew up in any era before the '00s, chances are you've probably heard of the iconic one-stop-shop cooking tool we've come to know as the Easy Bake Oven. Since its inception in 1963, the beloved toy has been regarded by many as "peak childhood."

"There's just something satisfying about being able to mix and bake cakes on your own without your parents' help. I think that's why it's remained popular for so many years," says Todd Coopee, author of Light Bulb Baking and an avid collector of the well-known product.

Take a look at the Easy Bake Oven through the years:

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The Easy Bake Oven throughout the years
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The Easy Bake Oven throughout the years
BURBANK, CA - OCTOBER 30: Olia Wall (R), 9, winner of the Easy Bake Oven Contest, appears on 'The Tonight Show with Jay Leno' at the NBC Studios on October 30, 2003 in Burbank, California. (Photo by Kevin Winter/Getty Images)
Lacey Chabert at Hasbro with Easy-Bake Oven (Photo by Matthew Simmons/WireImage for Silver Spoon (formerly The Cabana))
Gretchen Eakins with Easy-Bake Oven during Hasbro at the Silver Spoon Hollywood Buffet - Day One at Private Estate in Los Angeles, California, United States. (Photo by Matthew Simmons/WireImage for Silver Spoon (formerly The Cabana))
Hasbro Easy-Bake oven during Hasbro at the Silver Spoon Hollywood Buffet - Day Two at Private Residence in Los Angeles, Calfornia, United States. (Photo by Matthew Simmons/WireImage for Silver Spoon (formerly The Cabana))
Easy-Bake Oven by Hasbro during Hasbro at the Silver Spoon Hollywood Buffet - Day One at Private Estate in Los Angeles, California, United States. (Photo by Matthew Simmons/WireImage for Silver Spoon (formerly The Cabana))
UNITED STATES - FEBRUARY 09: An Easy Bake Oven sits on display in the Hasbro showroom in New York during the International Toy Fair Thursday, February 9, 2006. (Photo by Daniel Acker/Bloomberg via Getty Images)
Addie Davis, executive pasty chef at 555 on Congress Street in Portland, poses with her gingerbread buche de Noel that she created with an Easy Bake Oven. Photographed Thursday, December 12, 2013. (Photo by Jill Brady/Portland Press Herald via Getty Images)
UNITED STATES - FEBRUARY 12: An Easy Bake Oven sits on display in the Hasbro showroom during the International Toy Fair, Monday, Feb. 12, 2007 in New York. The warning sticker and a cover over the oven door, not pictured, are improvements made to the oven following a recent recall of nearly 1 million units to avoid children being able to stick their hand inside the oven and possibly burn themselves. (Photo by Daniel Acker/Bloomberg via Getty Images)
Toy presenter Paul Buxton (L) works on getting "into character" as a wacky chef presenting Queasy-Bake, an oven and blender combo that can make some pretty gross looking, but good tasting, stuff in the Hasbro Toys showroom February 7, 2002, at the American International Toy Fair in New York. [Designed to appeal especially to boys in the kitchen, it is a version of the popular "Easy Bake" oven, located in the next booth and shown by presenter Penny England (R). A recent trend in the industry has been the "recycling" of popular products into new, and hopefully profitable, clones. The Toy Fair officially begins next week, but already buyer previewing has begun.]
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Although the Easy Bake Oven technically was not the first working toy oven for children, the product grew in popularity due to use of a light bulb as a heat source -- in addition to the vast array of ingredients and baking utensils available.

While the toy may have gained notoriety in the '90s, the classic baking machine is worth a ton today. Many have sold their set on eBay and have earned as much as $300 for it.

Check out the gallery to see what your Easy-Bake Oven, and other classic toys, are worth today:

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What your old toys are worth now
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What your old toys are worth now

Playskool Flashlight in box

Price: $166.00

Easy Bake Oven

Price: $305.98

Bop It Extreme

Price: $404.64

Original Game Boy System with Tetris brand new and factory sealed

Price: $649.95

Original Black and White Furby in box
Price: $899.99

Teenage Mutant Ninja Turtle (1993) in box

Price: $1,100.00

Vintage Barbie Doll (1962) used in original box

Price: $2,450.00

1st Edition Princess Diana Beanie Baby with tag, only 14 authenticated in world

Price: $507,000.00

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