This topic baffles me on account of the fact that there are both collections and waves.

Collection 1, Wave 1:
Destro
Desert Ambush Duke
Neo-Viper
Snake-Eyes
Storm Shadow
Baroness

Collection 2 Wave 1:
Breaker
Multicam Heavy Duty
Accelerator Suit Ripcord
Joecamo Scarlett
Shipwreck
Viper Commando
Zartan

Collection 1, Wave 2:
Cobra Commander
Reactive Armor Duke
Ice-Viper
Paris Pursuit Snake-Eyes
Paris Pursuit Storm Shadow
Reactive Armor Scarlett

Collection 2, Wave 2:
Cover Girl
Deep-Six
Reactive Armor Heavy Duty
Sgt. Stone

Collection 1, Wave 3:
Accelerator Suit Duke
Reactive Armor Ripcord
Arctic Snake-Eyes
The Doctor
Paris Pursuit Baroness
Arctic Storm Shadow
Para-Viper

Collection 2, Wave 3:
Flash
General Hawk
Crimson Neo-Viper
Eel
Elite-Viper
PIT Commando
Helix

After that, the line gets into the more traditional wave system, with just a Wave 4 without Collections consisting of:
Kamakura
Charbroil
Red Fang Ninja
Nano-Viper
Night Adder



Right now, the furthest I've seen has been wave 2's. Collection 2's wave 2 is abundant, however Collection 1's is unbelievable scarce. No signs of either wave 3's, depressingly enough.

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RIP Minouche, 1994-2009.