In 1960 came the first model from Politoys APS, it was a plastic model in scale 1:41. Then Politoys went on with 1:43 metal models and they also produced smaller (1:64) and larger (1:24) models. Politoys molds were later sold to Russia, where models were still produced for many years under the name Politoys.
Polistil went out of business in 1993.
What's it worth? Take a look at this Politoys price guide: sold listings for a value indication.