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That is a basic starter set.  That loco has been made in dozens of different versions for different starter- and theme-sets for many years.  I have never had the Wizard of Ozl set but did get a couple of very similar sets with the same loco, painted a bit different, for my grandkids.  It's a durable little loco - I think of it as nearly perfect for kids.  it is usually trouble free and not too bad of a runner, easy to take on and off the track, etc., and takes more abuse that some locos.  It has basic train-sounds.  Being a starter set, you generally get a bit of a bargain, particularly if you shop around and get it at a slight discount, but it is a basic loco, not equal in features, sound quality, detail, etc., to Lionels more expensive offerings.   

Lionel has probably been making the RTR train set 4-4-2 since 1900...

 

Anyway, I've got the 2004 Pennsylvania Flyer version. It was the set that got me back into O gauge at Christmas 2004. Other than replacing the smoke unit a few times and the whistle motor once, it just keeps going. You'd have a hard time finding a more reliable engine. Mine is just the air whistle version and has a puffer smoke - no electronics. Great engine. 

 

Unless they've changed, which I doubt, they are an absolute nightmare to take apart and especially put back together. It is so bad that if I ever need to open it up, even for a minor tune up I could do in 15 minutes, I have my local dealer/repair man do it. It is that bad IMHO. 

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Last edited by SJC

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