Now that we have our own child (and a small apartment) we're feeling slightly more forgiving to our mother who didn't save a scrap of clothes or a single toy from our childhood. If we had a nifty collection like these toys as kids, we'd, at the very least, appreciate photo documentation to preserve their memory.
Natalie and Nicholas have a vintage toy store, Arthur's Circus, in Melbourne which we'd love to visit someday. Natalie is also a photographer and has used some of their toy collections as photo subjects which are available through Arthur's Circus online shop.
Consider photographing your child's own toy collection or a few of their favorites. Use them as artwork or just to safeguard their memory in case you plan on including them in your next garage sale.
The Ultimate Used Furniture Cleaning Kit
Ana Creates a Community at Home
Good Food to Share 
The Big Book of Small, Cool Spaces 
Apartment Therapy Presents 
The Eight-Step Home Cure 
Z2 iPod Dock and Wi...
How To Cook Fluffy, Tasty Quinoa
Recipe: Spring Fruit and Nut Tabouli
i LOVE this idea! i have a huge rubbermaid bin in the basement of my favorite toys. i feel guilty for hanging on to them but i dont know what to do. this solves the problem!
That is a fantastic idea... Especially if we had a collection of toy photo's - favorites for each year before we pass them on! It would make outgrowing not only space (!) but time... that much easier!!!
For those of you interested in vintage toys (and music too), there is a great exhibit going on right now at New Puppy Gallery in LA called "And The Beat Goes On." It includes the work of photographer John Purlia who uses vintage toys, records, books, and album covers to create a still-life narrative. He also has a cool installation of many of his toys at the gallery. You can check it out at: http://www.johnpurlia.com.