Zelda packaged a reworked version of ocarina of time with pre orders of wind waker and released a collectors edition which contained Zelda 1,2, oot, and majora's mask, plus a preview of the next game.
Now that's a collectors edition.
I actually still have the former lying around at my mom's house somewhere. Master Quest was wonderful. I think I
might even have the second from when I got the Gamecube...I'm not completely sure, though.
Either way, they're also both, as much as I absolutely love Zelda, sadly collector's editions that are completely unnecessary because none of them really contain anything new (except Master Quest, so there's that), and I'm not sure they're really "collector's editions" in the normal sense because they're both essentially just packagings of older games in the series. The latter, especially, wasn't a part of any new Zelda game at all, so it was more of a "greatest hits" disc than anything.