vandilay said:
what a great way to make some money, Lionel trains dont have a big
following here marklin and hornby seem to hold the lions share of
collectors.
Is the Lionel market still fairly buoyant ,ive often wondered
what happens to collectors markets ,be it trains or soldiers when
companys go out of buisness and the guys who collect them start
to drop out of the collecting game for what ever reason.
Very interesting question, Lionel trains have 3 basic catagories:
1. Pre-war Standard Gauge
2. Pre-war O Gauge
3. Post-war O Gauge.
Pre-war Standard Gauge were the trains of our fathers and grandfathers
fairly rare as many were melted down for the war effort. These were the
trains far to expense for the average collector with the Top of the line State
Set worth up to $25,000. We all tried to add a piece or two to our
collections.
Pre-war O Gauge was also rare but not as valuable, and you could find it on
occasion. We all had a fair amount of it on our shelves.
Post-war O Gauge was very popular the trains of our youth, fairly easy to
find even though back then we used catalogs obtained from buys to
determine how long a particular train had been made to determine if it was rare.
We all put together some beautiful collections, then you could upgrade at
the big York PA show and buy yourself some "Standard Gauge"
Now here is the answer to the second part of your question....current
values.
As the age of current collectors rose large "Standard Gauge" collections
became available.....but there was little interest because none of the
current younger collectors had ever seen them before. So now "Post War O
Gauge is popular and rising in value, a lot of newer collectors even buy the
"New Lionel Remakes" of Classic Pieces (in my opinion a total waste of
money) these sets cost thousands why not just buy the original classic
piece?
Smart money will always buy the truely rare original pieces, and right now
Standard Gauge is a good buy.....but it is fragile, and must be handled very
carefully.
Myself, I have had it all, many years of wonderful buys, great friends, and
wonderful memories. Here are just two of them!
One winter night about 7:30 pm the phone rings and a person asks me if
I'm the guy buying Lionel Trains? Seems he has a giant steam engine and
three cars in blue....would I be interested? The number on the engine is
400E and he is about 6 blocks from my home.
This is 1975 and the 400E in Blue is the Famous Standard Gauge Blue
Comet the second rarest set you could ever find. Worth in nice original
condition out of a private home manybe $5000 to $10,000. Now before you
get excited I have answered several calls like this one, directing me to
vacant lots and the cemetary on occasion from my competition!!
But I decide to take a chance, it is snowy and cold and I only had a couple
of hundred on me so I call my dad who lived a few blocks away and ask him
if he wants to tag along.....and bring his wallet!!
I pick up dad and go to the address, a man shows us to his basement and
there on his pool table sits an original Standard Gauge Blue Comet!.
Okay now the hard part, he tells me he is taking offers, and has written a
letter to Frank Sinatra (a big train colldector) and he will take my offer.
I tell him I don't make offers, I simply buy, if a person wants to sell. We
seem to be getting nowhere and Dad is getting annoyed he tells me "Lets
Go"
But I stop, and ask the fellow what prompted him to decide to sell the
trains? I want a color tv! Okay, I say, if I traded you the tv would we
have a deal? The fellow asks me where I'm going to get the tv he wants?
I ask him how much it costs? He tells me its $650. I tell him thats an awful
lot of money! "Well he says I want $650 and not a cent less" he states.....
to which I reply "Dad pay the man please"
And that was one of my best Standard Gauge Rescues!
Here is another story I hope you enjoy:
My partner John and I were sitting around our shop in N.J. one friday night
with a group of our regular customers, it was about 6pm and we were
getting ready to close. One of our customers Eddie Rowe a heavy
equiptment operator, rapid Lionel fan, and bitter rival to my partner John
was there busting balls as usual. The phone rings and I pick it up.....its a
fellow with two 4X8 tables of Lionel trains he wants to sell....tonight.
He starts reading me off numbers and over the conversation I'm calling
them out to my partner John to see if any of them mean a trip to this
fellows home. Back then there were no guides, but we kept lists of rare
pieces that our customers or we needed for our collections or the shop.
Now Eddie was sharp and quick and he was listening to every number I
called out......he new some of the items before John could find them.
2368....hey thats the B&O F3........2373......are you kidding me? Thats the
Canadian Pacific! 614.....the Alaskan switcher! A motorized unit 57...
......no, no thats the Great Northern Snow Rotary Snowplow.
Meanwhile I'm telling Edie to shut up cause I can't here John. I ask the
fellow if there is anything else and he says he has one set that he got
when he was older and never used it....but he would sell that also with the
layout the engine number was 2329 heck I knew that one myself. I calmly
called over to John he has a boxed set with a 2329 the Virginian Rectifier.
Edie about passed out.....he said to the other guys we must be doing
something wrong these two clowns have people calling them with this stuff
how is that possible????
Well of course it could be a hoax....as stated above I had my share of trips
to the cemetary. John and I closed up, were very careful to lose Edie who
tried to follow us and took John's beat up old truck to South Amboy N.J.
The fellow that answered the door was a little older then us maybe 28 or
29. He lead us to a beautiful garage with painted floors and an older corvette
sitting in the corner. We walked over to a room off the garage and there
were the trains on two 4 X 8 boards just as he stated. As usual John had
about $5 on him.....he was the master of the fundless buy....but I was
prepaired. We talked a bit, the fellow wanted everything removed tonight,
and he wanted a pool table this was to be his new pool room. He told me
the price of the pool table and I paid him and he and his wife went to get us
something to drink and some boxes to help carry everything. I was thrilled!
our best buy ever! Enough stuff to fill the store......but John was a wreck!
He couldn't believe it....he just wanted to go! "They are going to throw us
the hell out of here".....he keep repeating!......Look at that Vette........
"They are going to throw us out any minute" Relax John I said pointing out
the rare B&O F3 engine...look at this beauty!
"Just load it in the truck before they come to their senses" he replied!
I pointed out every rare piece, including many not mentioned earlier...it
was a beautiful collection......and I thought John was going to have a
stroke!
When I picked up the boxed Virginian Rectifer Set it was to much....he
had to go sit in the truck to calm down! It was really funny. The fellow
was very nice, he didn't know what to do with the trains, didn't want to
pack them up and was quite pleased with the prospect of buying his new
pool table in the morning.
John and I got everything in his old van (which now was more like a wells
fargo truck) and had lots of fun displaying the items in our shop.......John
finally got the best of Edie.........and I mean did he!
Njja