Are old Star Wars figures worth more carded or loose?

Old Star Wars figures are usually worth more carded than loose.

A figure still sealed on its original card and bubble is typically much rarer than the same figure taken out of the package, so carded examples usually bring a significant premium over loose ones, especially if the packaging is in excellent condition.

What matters most for carded figures:

• Card and bubble condition
• Whether the card is punched or unpunched
• The cardback run or variation (for example, early cardbacks are often more desirable than later ones)
• Whether the figure has been professionally authenticated or graded

What matters most for loose figures:

• Whether the figure is complete with original accessories
• Paint and overall condition
• Whether any parts are reproduction rather than vintage originals

There are exceptions: some exceptionally rare loose variants, prototype items, or especially desirable versions can still be very valuable. Also, exact value depends a lot on the specific character, release, cardback, and condition, so two figures of the same character can sell for very different amounts. But for most vintage Star Wars figures, carded examples are worth more than loose ones.