There is a substantial hobby devoted to collecting both old and new toy soldiers, with an abundance of small manufacturers, dealers, and toy soldier shows. There are even specialty magazines devoted to the hobby, such as Toy Soldier and Model Figure.

Collectors often specialize in a particular type of soldier or historical period, though some people enjoy collecting many different kinds of figures. The most popular historical periods for collecting are Napoleonic, Victorian, American Civil War, World War I, and World War II. Many collectors modify and paint plastic figures, and some even cast and paint their own metal figures.Actor Douglas Fairbanks Jr had a collection of 3000 toy soldiers when he sold it in 1977.

Fantasy novelist George R. R. Martin has a substantial collection of toy knights and castles. The most extensive collection of toy soldiers was probably that of Malcolm Forbes, who began collecting toy soldiers in the late 1960s and amassed a collection of over 90,000 figures by the time of his death in 1990.

Some of the more noteworthy, annual toy soldier and historical figure shows include the London Toy Soldier Show in the United Kingdom, the Chicago Toy Soldier Show (OTSN) in Illinois, the East Coast Toy Soldier Show in New Jersey, the West Coaster Toy Soldier Show in California, the Sammlerbörse (Figure Show) Friedberg in Germany and the Zinnfigurenbörse Kulmbach (Tin Figure Show) in Germany.

(This text was adapted from )(GFDL)
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