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My parents have a friend that has these Old Lionel Trains and other items looks to be a set eh. He wanted to know if I was interested in them and he want me to offer him a fair dollar amount or he will just keep them so the question is whats a fair price for all of this?  I dont know much about the old Lionel Trains so any help will be great eh

Thanks

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Original Post

Replies sorted oldest to newest

chester7,

The question is? Do you enjoy postwar trains enough to invest in your happiness? What you have is a complete set in what appears to be excellent condition. Do you have the shipper box that holds everything? You might want to do a little detective work on your own. It should not take you more than twenty-minutes. You will be amazed at what you have. This is a open forum, leaving your question open to receive many replies.

I have all modern Trains and wasnt really interested in post war until A guy I worked with gave me his old train set for a bottle of Canadian Club eh its similar to this one but just has the Engine and cars and thought it would be cool to do a postwar layout at some point when I have my modern layout started & done eh
Not sure if there's a shipper box im guessing prolly not otherwise it would be pictured 
 
  Originally Posted by Happy Pappy:

chester7,

The question is? Do you enjoy postwar trains enough to invest in your happiness? What you have is a complete set in what appears to be excellent condition. Do you have the shipper box that holds everything? You might want to do a little detective work on your own. It should not take you more than twenty-minutes. You will be amazed at what you have. This is a open forum, leaving your question open to receive many replies.

 

Last edited by chester7
I'd guess you did well and saved yourself about four bottles.
If it were one of my buddies who offered me that deal; I'd be thinking he was thinking, I was the sucker for paying to take out his trash. (You know what they say about "one persons trash...) 
 
Originally Posted by chester7:
I have all modern Trains and wasnt really interested in post war until A guy I worked with gave me his old train set for a bottle of Canadian Club eh its similar to this one but just has the Engine and cars and thought it would be cool to do a postwar layout at some point when I have my modern layout started & done eh
Not sure if there's a shipper box im guessing prolly not otherwise it would be pictured 
 
  Originally Posted by Happy Pappy:

chester7,

The question is? Do you enjoy postwar trains enough to invest in your happiness? What you have is a complete set in what appears to be excellent condition. Do you have the shipper box that holds everything? You might want to do a little detective work on your own. It should not take you more than twenty-minutes. You will be amazed at what you have. This is a open forum, leaving your question open to receive many replies.

 

 

Don't waste your $$ on ordering the Greenberg book as they are not very accurate for pricing. Lots of good 'other' information however as they have put a lot research into the trains for a long time. A better investment would be one of the Greenberg or TM books on postwar Lionel trains in general concentrating on the history, cataloguing, and variations. The smaller guide contain mostly pricing info that is usually out o date when the book is published.

 

You've been given some good suggestions here already. It's a nice set in great condition and would be an excellent start to perhaps a different aspect of the hobby you could enjoy!

 

Last edited by c.sam

I would be very surprised if the 2046 Engine did not run noting its cosmetic condition.  Most engines in that good of shape run.  In fact, the whole set is in near excellent condition.  Greenberg's Volume 3, Lionel train Sets for 1945 to 1969 sets the price for the 1505WS Set at $350.00 for very good condition and $600.00 for Like New condition.  This set has extra components not listed in the 1505WS Set which should increase its value.  These would include the 309 Yard Set, the 3662 Operating Milk Car, Billboard Set, telephone pole set and the Paper Mache' tunnel.  Even with the passage of time since this Greenberg's volume was published I would think a fair offer would start at least at $300.00 and end at $400.00.  That's a nice looking set with decent looking boxes.

I tell 'ya, I know all the PW experts could probably come up with all sorts of reasons that

this set is "common" and nothing special, but I don't care. Look at it. Look at the end of that milk car. The whole thing reminds me of opening my Christmas 1955 set - different set, but the thing looks new in places. There are boxes.

 

I'm not a PW guy - but I am liking it. Somebody needs to make him a good offer. I'm

not that guy, but it's pretty outstanding, at least judging by the photos.

Last edited by D500

I believe that the estimate of values here by some is overly optimistic. This is similar to the dealers that I see at the shows exhibiting the same equipment year after year without selling anything. The price guides can tell you one thing but ideals, value and reality are very far apart. Fact is that the market for postwar trains is flooded. Older long time collections have become saturated with items and the prices on all but the rarest items have all but collapsed. I wouldn't offer more than $100 for what I see here. If you feel that I'm off, just do a search on eBay for what these items are selling for. That will tell the TRUE story. I laugh every time I meet a collector that believes that his trains are very valuable when in fact they are worth nothing.

Its a nice set, but I would be on the lower end of the offer, especially if the engine does not work.  A repair could be $50 even for a simple thing.  The wires on the transformer will need to be inspected, and most likely replaced. Same goes for the operating milk car and the operating track. Repairs are not hard, you probably can do them yourself, but you will need a manual and perhaps some replacement parts. So,  $175 to 225, depending on if the engine works.   

 

Hope this helps.   

I think that some folks may be over estimating the condition of these trains.

There are tape marks or scuffs on the side of the tender.

Dust and/or dirt is visible on the engine and all of the rolling stock. The dirt may or may not come off with a light cleaning. (be aware that Lionel's silver paint is particularly hard to clean without damaging the appearance).

 

I don't mean to imply that it isn't a nice set. It is.

I purchased a very similar set in December 2012 via private sale. It was a 1505WS set, with a 3482 Milk car and a pair of remote control switches, all boxed, but no set box.

 

I'd guess the book value on the 3482 milk car is less than that of the 3662 milk car. But IMHO, it is actually more difficult to find.  I paid $180.

 

Price estimates are all over the place, and for the wrong reasons.

 

Consider your friendship with the seller first and do the right thing to meet his expectation or stay away from his trains.

 

Forget about what the collectors are saying the trains are worth unless your are going to flip them for a profit. If you flip them, it may cause the seller to think badly of you.

 

Last edited by Bobby Ogage

Finally! Somebody really got it right. Bobby Ogauge, good answer. I also agree with Dennis that the postwar market is flooded. However, the postwar market is top heavy with a tremendous amount of junk being advertised as "rare". Nice items like this set while not uncommon do not show up as often and will still command a good price. In the condition of the set as shown, I would be a buyer in the 275-300 range. If someone is buying the set for resale the price would obviously come down to allow the seller to make a profit. As for possible repairs, anyone that purchases a postwar transformer and does not replace the cord is quite literally playing with fire. Just about all transformers even having a nice looking cord will have issues either where the cord goes into the plug or in the knot inside the case. Its not worth taking the chance when the cord can be replace for a couple of bucks.

 

Regards,

Randall




quote:
I don't know how people live with themselves.




 

Just fine.

 

I paid more than most other folks in my area would pay. Certainly more than he would have gotten from a local hobby shop.

 





quote:
From your post further above, you stated you paid $180 for a set with a more desirable milk car




 

I wrote that the 3482 milk car was more difficult to find, but probably books for less  than a 3662.

If you want to translate that to more desirable, that's your privilege.

 

 

OK....here we go.  As soon as it appears that someone doesn't agree with another one's statement or semantics,  then the discussion degrades into "personalities".  Not every comment has to be taken or is meant to be personal.  So...I believe the OP has gotten enough advice as to the value of the items.  Rather than deleting the thread, it will be locked and then the "dramatic" will be cleaned up...

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