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LCCA conventioneers were treated to a special evening of FREE seminars at the LCCA's 47th Annual Convention in Tacoma WA. It was standing room only at the Hotel Murano. Thanks go out to LCCA volunteer Sharon Kempfer for hosting and making this educational, informative, interesting and fun event happen.  Ed Boyle made a great presentation.

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Last edited by Rich Melvin
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Folks,

Apppreciate all the words and comments, kind and otherwise.

However, at this point I would like to briefly discuss some of the serious thoughts brought up at my two back to back LCCA seminars. 

Let's start with collectible values in the the modern age of product glut for O gaugers. You really need to think of most of the trains you own in the same way a proud owner thinks of  a well maintained three or four year old domestic automobile. It isn't how much the piece has appreciated, but how little it has declined in real value over the years that determines financial "success" currently , This seemed to upset some of the participants who pointed to isolated instances where a particular train or accessory has clearly appreciated in value over the past several years, It needs to be understood that these  happy stories for collectors are the exceptions that proves the general rule of financial decline in these times.

There really isn't time to give specific examples pro or con here,  but you re welcome to chime in with your thoughts and insights, after all, why should I be the only person to bust a bubble for that person who just knows if he sells three of his  "rare"  6464 reproduction boxcars he will be able to finance his daughter's first year at Harvard Medical School. Someone else needs to be the bad guy here!

Ed Boyle

Will discuss electronic standards later in the week end.

 

 

Quote: " . . . isolated instances where a particular train or accessory has clearly appreciated in value over the past several years, It needs to be understood that these  happy stories for collectors are the exceptions that proves the general rule of financial decline in these times."

Ed, you're right on the money.  I just sold over 500 pieces at auction and I'm just happy all of them sold - even if one barely made it ($5 paid).  Most of it was modern stuff and I estimate I got back about 30%-40% on average of what I had paid for it.  But I'm happy it's off my hands and I don't believe I would have gotten more in the future by holding on to it.  I doubt there were more than five pieces that fetched more than what I had paid for them and none of them were that much more, maybe 20% at best.

Peter Gentieu

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