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A friend is trying to get an estimated value of 2 train sets that his deceased uncle left behind.  The guy is not the executor but is helping on clearing the estate. 


The guy wrote down information which I got from him.  I told him without pictures it will be difficult.  He said he'll make arrangements with me "some day" to go take pictures at his uncle's house.
 
FIRST SET
The first one is a complete train set.  All of the parts are in the original boxes, which are then included in a larger box.  LIONEL printed on the box.
The box has a label: OUTFIT #347
1 engine - silver (the cab is in the middle)
2 Pullman cars (at least he called them Pullman) - light greenish color.  Metal.
1 "coal car" - #516 on the body and the box.  Has a coal looking load.
1 gondola #512 on the body and the box.
1 Transformer
Some sort of separate device, with an instruction booklet, for how to blow the whistle.
"Some" track but not in perfect condition.
 
The fellow says that except for the track being slightly tarnished everything is in perfect condition.
 
To me this sounds like a true gem!!!  I did some google searches but didn't get much help.  I seemed to find sets but not like this one.  I did not find any silver engines.
 
SECOND SET
All are in individual boxes, but no big outer box.  The boxes are mostly just plain brown.  LIONEL is NOT written on the boxes for these.
Steam Engine 1835E
Tender 1835W-T6
Pullman cars 309, 310 and 312 (numbers on the boxes and the cars)
1 black transformer
An instruction booklet
"Some" track but not in perfect condition.
 
Again, the fellow says that except for the track being slightly tarnished everything is in perfect condition.
 
I was able to see ebay auctions for the engine and tender and found one finalized at $899.  That was without the 3 cars, transformer, and boxes though.
 
Again, I think this is another jewel.  
 
I don't follow the collector's world, but I read Ed's column in OGR and read similar articles in CTT (Roger C. and others).  That's what leads me to thinking that these are amazing finds!

 

any kind of help or guidance is appreciated.  I'll post pictures if I can get them.

 

thank you - walt

Original Post

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The 1835EW came as Outfit #366 from 1935-39. The 310, 309 and 312 were typically Aluminum over light blue. In very good condition approximately $1000.

 

The master carton #347 does not match the the loco description and cars. The cab in the middle sounds like either a 10 or a 318, plus it sounds like either was either a repaint or the paint was stripped in the middle. Common passenger cars of the period of the master carton were #8 w/337, 338; #318 w/309, 310, 312; #10 w/332, 339, 341.

 

The freight cars were probably separate purchase items.

 

Ron M

Walt the 347 outfit was the one with the #8 loco and 337/338. You state light green so its most likely the most common light olive color with the loco either stripped of paint or repainted with silver. This set in real nice shape without a repainted or stripped loco will only bring about $300 on a good day.

 

The 1835E is also a common but handsome loco. It depends a lot on condition especially of the castings, and paint/finish as well as the variation to determine a value. Typically this loco struggles to bring $400. The 309, 310, 312 cars it all depends on the color which you did not allude to. These came in a lot of common colors such as Pea Green/Orange, Light Blue/Silver, and some very desirable colors like the Dark Blue/Cream set from 1934. Again, actual condition is critical irregardless of color.

 

Ron is correct in that the 516 and 512 were purchased separately and did not come in either of the outfits that seem to be here.

 

Gandy




quote:
The fellow says that except for the track being slightly tarnished everything is in perfect condition.




 

No offense intended, but folks outside the hobby (and even some foks inside) very commonly over estimate condition.  In order to establish a value, a true grading needs to be done.

IMHO, there is no better place to look for value estimates than Ebay, provided that there are enough Ebay auctions to get a range of closing prices, and there are auctions of merchandise in similar condition. 

Sometimes it is easier to put down a retail value for the Probate.

 

We have had to do this for many items left behind once some time ago.

 

As others have stated, pictures are very useful, absolute necessary when selling or recording the items. The market value will be what someone wants for that item, that day.

 

If several 'someones' are present and all want the same item, it will carry the value higher.

 

Listing these items as a "Estate Sale" and other considerations may help you in the long run.

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