I have been watching the price for the Lionel Milwaukee Road S-3 shoot skyward and I am so pleased that the model buying public is impressed with this wonderful locomotive. I will admit that I actually thought of selling mine a few weeks ago because I was not running it. In attempting to find out what I should ask, I went to Ebay where the only #261 was offered at $1,995. I was immediately taken aback and quickly realized that Lionel had produced something very special that may not have been fully appreciated when it hit the street.
Feeling somewhat abashed, I withdrew the #261 without getting the price I asked and I am happy I did. I went down to the layout to examine the locomotive once more and I ended up doing what the train buying public is doing. I recognized that I had not fully appreciated what a wonderful locomotive this is. The S-3 is, indeed, a winner. Where the price will go is anyone's guess. This is NOT an investment piece for me. It is a model I under appreciated in terms of its uniqueness. I will not hold it to sell. I will keep it to run.
Scrappy