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Fun to do, not really challenging but tedious since you have to wait before Navi diving into ZD.
Aquascape, LH Navi Dive, and early BoTW are all the things you can do to max it out.

-Kokiri Tunic
-Kokiri Sword
-Kokiri Shield
-Hylian Shield
-Zelda's Lullaby
-Saria's Song (not that these matter)
-Kokiri's Emerald
-Zora's Sapphire
-Silver Scale
-Shard of Agony
-Giant's Wallet
-Skull Mask
-Deku Nuts (holds 30)
-Deku Sticks (holds 30)
-Slingshot (50)
-Boomerang
-Magic Beans
-Bottles (3)
-Gold Skulltulas (36)
-Heart Count: 8.5

I'm not sure if the skull kid is just being stubborn and not trading but I don't think I can continue the mask quest for the deku stick upgrade to 40.
If you're really lucky you could get the nighttime market minigame HP, but I'm not counting that.


In NG+, you can start with Hammer on B and get 4 more Gold Skulltulas from Goron City, Deku, DMC, and DMT, giving you Bombchus from 40 GS.

This opens up DC, Early Spirit Temple,
-Bombchus
-Bomb Bag(50)
-Goron's Ruby
-Gold Skulltulas (50)
-Heart Count: 11.0

If you can get any more of anything, let me know.
Magic, Din's Fire, Farore's Wind, Nayru's Love, Lens of Truth, Songs, and some Heart Pieces/Gold Skulltulas can't be obtained.

you need to play saria's song to the skull kid before you can trade with him.

also, fun fact: in the N64 version, i didn't know i was supposed to use the lens of truth on that hp minigame so i just guessed 5 times to get it. took several tries. it wasn't until the GC MQ disc that i learned you could use the lens there and i was like "WTF".