Model Railway & Model Train Valuations (2024)

Model railway valuations are determined by a number of important factors. Sometimes the serial number on the side of a locomotive can make a massive difference to a model train value. Similarly, the condition of the model and its box will significantly affect its ultimate valuation.

Ultimately, though, an old train sets value is determined by the market itself – and what someone is willing to pay for it.

As one of the leading international providers of model railway valuations, Warwick & Warwick can be trusted to supply an accurate assessment of how much an individual item or collection may be worth.

Having been in business since 1958, our team of model railway experts has more than 50 years’ experience between them and our reputation is second to none. So, if you need a Hornby train set valuation or you want an antique toy train appraisal, you can be 100 per cent confident in our knowledge and expertise.

Model railway layouts, buildings, scenery and other model train accessories can also command surprisingly high prices – so please let us know if you have any other items of interest that you may consider selling.

Because modellers and collectors can restore models or use them for spares, even damaged trains or old items can still command decent prices in one of our model railway auctions.

Thanks to our free valuation service, you can now gain expert advice on the best way to achieve the maximum possible returns on any item – and you won’t be under any obligation to sell.

In fact, our aim is to help you to make an informed decision; whether that’s by selling in a public auction, a sale by private treaty or simply keeping the collection in the family to pass on to another generation.

Model Railway & Model Train Valuations (1)

Get your old train sets valued for free

At Warwick & Warwick we are often asked: What are my model trains worth? – and our experts are always happy to help in any way they can.

Whether you have inherited a magnificent piece of model railway memorabilia or are in need of a Hornby clockwork train set value we can be of assistance.

If you’ve ever wanted to discover a model train set value, please get in touch and arrange for one of our free model railway valuations.

There’s no charge, it can be conducted at a time which is convenient to you and you may end up being pleasantly surprised!

Get the experts on your side, send an email to our model train appraisers or call 01926 499031 today.

A quick model train value guide

As previously mentioned, there are a number of factors which will affect an old train set's value – and it is important to understand these if you’re thinking about getting a model railways valuation.

The main factors which influence an item’s value are:

  • Condition
  • Age
  • Rarity
  • Modifications
  • Production run variations

Although condition has the biggest influence on value, a model train’s parts can be valuable too – especially if they are rare or in short supply.

Variations in colour, a unique number or rare feature will also help model locomotives to fetch a higher price.

Popular types of model trains for sale include brands like Airfix, Bachmann, Bassett-Lowke, Dapol, Golden Age, Hornby, K'sLeeds, Lima, Rivarossi, Tri-ang, Slaters, Mainline and Wrenn.

Collectors also prefer certain types of trains to others, such as the O Gauge model trains which were made in the 1950s and are always highly sought after.

In reality though most model train collectors do so purely for the love of collecting and not because of the value of the items.

Model Railway & Model Train Valuations (2)
Where to get a free model railways valuation

As one of the leading providers of model railway valuations, Warwick & Warwick will happily advise you about the best way to achieve the best possible return.

Although you won’t be obliged to sell, you will be offered the chance to do so in one of our public auctions or via a private treaty sale, if required.

Written valuations for probate and insurance purposes are also available upon request.

In person at one of our offices

Callers are welcome to visit our Warwick office during normal office hours – 9am to 5pm from Monday to Friday – to request a model railways valuation.

Although it is often possible to conduct model railway valuations on the same day, we advise making an appointment in advance to avoid any disappointment.

If required, we can arrange to transport smaller items to our offices by courier service so you can take advantage of our professional expertise.

Our accounts office in Chester will also be pleased to accept properties for onward transportation to our experts at our Warwick office. please note our valuers are not based at our Chester office.

Home Visits

We will be delighted to visit owners of larger collections to discuss sales procedures and provide valuations. We do not charge for this service.

Model Railway & Model Train Valuations (3)

Contact our team of model train experts

Having been trusted to value collectables since 1958, our team of model train experts have seen many interesting locomotives and eye-catching model railway layouts over the years.

With more than 50 years’ experience between them and a proven track record for providing accurate model railway valuations, our experts can be trusted and relied upon to give sound advice.

Whilst they will happily provide any assistance you may need to sell model railway items, they’ll also recognise the effort, hard work and dedication that goes into creating a collection.

Discover your old train sets value today, email info@warwickandwarwick.comor call 01926 499031 now!

Model Railway & Model Train Valuations (2024)

FAQs

How much are my model trains worth? ›

The value of vintage toy trains depends on the age of the model train. Most model trains are common and due to being well-loved, the value is in the memories your old train set holds for you. An old model train can be worth $100 or less, but it can also be worth $10,000!

Do model trains hold value? ›

While some model trains may be worth a lot of money, others may not be worth much at all. Model railways have a resale value but cheap toy trains designed for young children do not.

How do I sell my Marklin trains? ›

If you want to sell

We would love to see your Marklin toys and trains! Please send all inquiries to toys@marklinstop.com and we'll reply within 24 hours. Please note: By requesting an appraisal or offering to sell your collection, you acknowledge that you have read and accept our Terms and Conditions.

How much is a 1957 Lionel train worth? ›

At auction, this set would probably sell for, depending on how well it could clean up, between $7,000 and $9,000.

Why are model trains so expensive now? ›

Simply put, all of this costs money. Modern laser scanners and design techniques are not cheap to implement and the research and development of model trains is an expensive business. Inevitably, some of this cost gets passed on to the consumer through higher prices of train sets.

Do people still collect model trains? ›

Now, some adults certainly collect toy trains—especially those from their own childhoods. But many adults are so-called model railroaders, faithfully collecting and building scale models of real trains that actually exist—and creating intricate environments for them, known as layouts.

How long do model trains last? ›

Most model trains from the well known manufacturers are usually able to last for many generations providing the appropriate operating and maintenance procedures have been followed and they've been stored correctly when not in use.

What is the most popular model train size? ›

HO is by far the most popular model train scale in the U.S. and Canada. The HO scale ratio is 1:87.1. HO scale modelers tend to have the widest variety of models available for rolling stock, locomotives, and buildings.

What is the most popular model train company? ›

Lionel, Bachmann, Atlas, and Walthers are the top model train brands in the USA as they offer a wide range of choice and their trains cater to a variety of skill levels. Their beginner train sets are a great way to get started.

What are model train collectors called? ›

Hobbyists, called "railway modellers" or "model railroaders", may maintain models large enough to ride (see Live steam, Ridable miniature railway and Backyard railroad). Modellers may collect model trains, building a landscape for the trains to pass through. They may also operate their own railroad in miniature.

Who is buying MTH trains? ›

ScaleTrains.com™, Inc., a leading manufacturer of HO and N Scale model trains, announced the acquisition of M.T.H.

Are Märklin trains valuable? ›

The German toy company Märklin dates back to 1859. Originally, Märklin specialized in doll house accessories, before shifting its focus to model railways and technical toys. As a result, many Märklin collectibles have become quite valuable.

What can you do with old model trains? ›

Consult a local art/framing store.
  1. A Summary of General Disposal Options: ...
  2. Cash sale and/or Consignment to a (local) hobby shop. ...
  3. Consult a dealer at a model railway show, flea market, antique show, or a collectibles store.

What is the oldest model train company? ›

The first mass market model train sets were invented by a German company called Marklin in 1891, and by the early 1950s model trains were the number one most popular toy for boys in the United States. As technology advanced model train kits became more realistic.

Are old Lionel trains worth anything? ›

Lionel Trains Value

The pre-war Lionel trains cost around $20 to a few thousand dollars. The starting price of post-war Lionel trains was $10, going up to several thousand dollars. The value depends heavily on the model and features of the train.

Are model trains a good investment? ›

Historically model trains don't increase in value, they decrease in value because improvements in quality and detail make more current models far more desirable. There was a short lived burst of interest that saw some prewar Lionel trains multiple in value.

Are Lionel trains still collectable? ›

Lionel trains' value varies depending on design, materials, and era. At auction, Lionel train sets, pieces, and accessories can sell for a few hundred dollars or for a few thousand dollars, depending on the rarity and condition of the piece. Lionel collectors tend to have a lifelong passion for model railroading.

When did Lionel stop making trains in USA? ›

In 1969, they sold their model train lines to General Mills but continued to operate until 1993 as a holding company for their toy stores. Its model trains are still in production as a separate company. New York, New York, U.S.

What gauge were the original Lionel trains? ›

2-7/8-inch gauge: Joshua Lionel Cowen's first train, The Electric Express, ran on 2-7/8-inch track. Lionel made trains in this gauge between 1901 and 1905.

Why is first class cheaper on train? ›

Experts explained the fares were down to the complex nature of the ticketing system. Jeremy Acklam, founder and chief executive of rail saving website ticketclever.com said: “First class offers don't sell as quickly as standard class fares hence why these deals are cheaper.

Why is n gauge so expensive? ›

Prices are more competitive as a result. The second hand market for N gauge trains is not as well developed - choice is often limited and, due to the smaller level of availability, prices of N gauge train sets are more expensive on the used market.

Why do people collect model trains? ›

It's very popular due to the extensive and varied aspects that make up the hobby. Model railroaders can focus on anything from building model scenery to designing track plans and running trains, which make it a popular pastime for a wide range of people.

What is the difference between model trains and toy trains? ›

Model trains may also be built by hand from kits. Toy trains, on the other hand, can include everything that looks like a train and can be technically be “played with” in some way. Think of LEGO® train sets or Thomas the Tank Engine toys.

Does Bachmann still make model trains? ›

Presently Bachmann offers trains in H0 scale, N scale (1:160 and 1:148), On30, 00 gauge, HOn30 (H0 scale on N tracks) and G scale around the world, in addition to buildings and accessories: North America – Bachmann Industries H0 scale, N scale (1:160), On30 and G scale. Plasticville O scale and S scale.

Did Frank Sinatra collect model trains? ›

Frank Sinatra collected Lionel and tinplate model trains. He even had an entire cottage dedicated to his hobby. Walt Disney loved model trains and often included railroads in his cartoons, films, and theme parks.

How do you maintain a model train engine? ›

Use a static-free cloth to wipe off any excess oil. Avoid getting oil onto the wheels to maintain traction with the railroad tracks. Model train enthusiasts should conduct regular checkups of the locomotive's gears, wheels, tires, carbon brushes, and commutator. The gears should have all of their teeth.

Are all model trains made in China? ›

Some Herpa cars are made in China. IHC and Model Power kits are made in Denmark, Germany, and sometimes Brazil.

What's the fastest model train? ›

What is the fastest model train? The fastest model train currently recorded managed to achieve a speed of 27.84mph (44.82kph). The 'Osaka Banpaku Tenjimokei Linear Motorcar' achieved the speed at the JAM Convention held in Tokyo, Japan in 2018.

Which is better HO or O scale trains? ›

O scale is obviously a much larger commitment—HO scale is half the size, and is one of the most popular scales due to its relatively easy entry point. Smaller scales, therefore, can be ideal for beginners, but larger scales allow you to create much more detail and realism in your layouts.

What is the best surface for a model train layout? ›

Common materials for building model train platforms include plywood for the surface and framing wood like 2x4s for the platform legs and cross-bracing. Make sure your structure is stable and level. As a beginner, start small, you can always add sections later.

What does HO stand for in model trains? ›

The abbreviation “HO” stands for “half-O.” The smaller trains were less expensive and took up less space than their larger O scale cousins, which became popular with people who were moving into small homes and apartments in the 1940s.

What are the best tracks for model railroad? ›

Peco and Shinohara brands are favorites among many model railroaders since they appear a little more realistic than the others and they have curved turnouts available which many of the other brands do not. Bachmann, Piko or LGB are great choices for G Scale track. Lionel is the gold standard for 3-rail O scale track.

What is the biggest model railway in the United States? ›

Northlandz, “Home of the Great American Railway,” where 135 locomotives pulling thousands of railroad cars run over eight miles of track and cross bridges more than 40 feet in length, is the one of the biggest model railroads on the planet, and by many accounts a true wonder of the world.

Which train company makes the most money? ›

The largest rail company in the world is Deutsche Bahn, with a revenue of $47.72 billion. As of 2021, the global rail industry has a market size of $295.80 billion. There are over 807,000 miles of railroad networks around the world.

Does Rod Stewart like Model Railways? ›

Sir Rod told Railway Modeller magazine that scenery and structure modelling, rather than locomotives, trackwork or electrics, are his forte. "It's the landscape I like. Attention to detail, extreme detail, is paramount.

What are train guys called? ›

A train driver, engine driver, engineman or locomotive driver, commonly known as an engineer or railroad engineer in the United States and Canada, and also as a locomotive handler, locomotive engineer, locomotive operator, train operator, or motorman, is a person who operates a train, railcar, or other rail transport ...

What is the difference between HO and N scale? ›

The biggest difference between N scale and HO scale model trains is their size. N scale models are half the size of HO scale models. This makes N scale great if space is tight and you want to fit more track into a small layout.

Is MTH trains coming back? ›

Electric Trains owner announces retirement; 40-year-old company to close in May 2021. After four decades in business, M.T.H. Electric Trains is closing. President Mike Wolf announced Monday that he is retiring, shuttering the business in May 2021 but leaving the door open to prospective buyers to form a new company.

What is the future of MTH trains? ›

The train company will continue to operate as M.T.H. Electric Trains - marketing and producing new model train products - after many discussions with various companies to purchase the entire portfolio of M.T.H.

Is MTH trains closing? ›

M.T.H. Trains President Mike Wolf has announced his May 2021 retirement and the subsequent closure of the company after 40 years in business. “It is, therefore, with mixed emotions that I tell you I have decided to retire in 2021 and close the business,” he said in a June 8, 2020 letter to the industry.

How much is my model train worth? ›

The value of vintage toy trains depends on the age of the model train. Most model trains are common and due to being well-loved, the value is in the memories your old train set holds for you. An old model train can be worth $100 or less, but it can also be worth $10,000!

Are model trains considered toys? ›

Model trains are scale models rather than toys. They're marketed to scale modellers and more serious model train hobbyists and feature highly accurate liveries, small and detailed components, and provide exceptional realism. They often make use of complex manufacturing methods, so are more expensive to produce.

What is an old fashioned train called? ›

Steam locomotives were first developed in the United Kingdom during the early 19th century and used for railway transport until the middle of the 20th century.

What are my old Lionel trains worth? ›

The pre-war Lionel trains cost around $20 to a few thousand dollars. The starting price of post-war Lionel trains was $10, going up to several thousand dollars. The value depends heavily on the model and features of the train.

Are old HO scale trains worth anything? ›

If you have old HO, N, or Large scale trains(with the exception of LGB and Marklin trains), there is at best a smaller collector's market for them. Unless you are lucky enough to find the “right buyer,” or have a very specific train that collectors are just drooling over, the resale value is minimal.

Is there a market for Lionel trains? ›

Lionel trains' value varies depending on design, materials, and era. At auction, Lionel train sets, pieces, and accessories can sell for a few hundred dollars or for a few thousand dollars, depending on the rarity and condition of the piece. Lionel collectors tend to have a lifelong passion for model railroading.

What do the numbers mean on Lionel trains? ›

Get Updates. The Lionel Corp. used a four-digit number to identify its postwar rolling stock. In some cases cars also carried a one, two, or three-digit suffix. Though many times cars with the same number exhibit slight differences, or variations, Lionel usually assigned a new number if a car received major changes.

What are the most popular Lionel trains? ›

Lionel O gauge and O-27 gauge trains are our most popular.

How do you get rid of model trains? ›

Consult a local art/framing store.
  1. A Summary of General Disposal Options: ...
  2. Cash sale and/or Consignment to a (local) hobby shop. ...
  3. Consult a dealer at a model railway show, flea market, antique show, or a collectibles store.

What is the difference between HO and G scale trains? ›

HO scale – 1:87. S scale – 1:64. O scale – 1:48. G scale – 1:24 to 1:32.

What is the difference between HO and N scale trains? ›

N scale is roughly half the size of HO scale at 1:160 ratio. Modelers tend to use N scale to build more complicated layouts in smaller spaces than HO scale layouts. Or they can use large spaces, such as garages or basem*nts, to create scenic N scale empires using the size to create a life-like, but small scene.

What is the world's biggest model train collection? ›

Miniatur Wunderland in Hamburg, Germany, is the world's largest model train set and airport. Its eight sections are connected by eight miles of track, and it features over 4,000 buildings and 215,000 figurines.

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