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:

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: