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Seeking Guidance on Pricing an Inherited Model Train Set

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Posted by richhotrain on Monday, July 24, 2023 5:36 PM

richhotrain
 
richhotrain
richhotrain

Well, it has now been officially one week since the OP first posted, never to be heard from again. 

Make that two weeks. ConfusedConfused 

Rich  

Three weeks now. Gotta get back to us soon. No?  Laugh 

Rich 

BigDaddy

Let it go Rich.  He's never coming back. 

I can't, Henry. It has gotten so bad that I have scheduled therapy sessions.  Whistling

Rich

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Posted by Attuvian1 on Monday, July 24, 2023 4:33 PM

It's reasonable to assume that, having seen the replies, he got enough to act on and didn't feel the need to come back with a "thank you".  Or couldn't - because he mislaid or forgot his original password and didn't want to monkey around with resetting it.

John

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Posted by BigDaddy on Monday, July 24, 2023 4:09 PM

Let it go Rich.  He's never coming back.

Henry

COB Potomac & Northern

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Posted by richhotrain on Monday, July 24, 2023 12:17 PM

richhotrain
richhotrain

Well, it has now been officially one week since the OP first posted, never to be heard from again. 

Make that two weeks. ConfusedConfused 

Rich 

Three weeks now. Gotta get back to us soon. No?  Laugh

Rich

Alton Junction

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Posted by richhotrain on Monday, July 17, 2023 6:54 PM

richhotrain

Well, it has now been officially one week since the OP first posted, never to be heard from again. 

Make that two weeks. ConfusedConfused

Rich

Alton Junction

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Posted by SeeYou190 on Friday, July 14, 2023 11:48 AM

NVSRR
Hope this isn't another. Post. And never return. Interested in knowing more.

I was too, but it looks like Post... Never return.

Too bad.

-Kevin

Living the dream.

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Posted by doctorwayne on Monday, July 10, 2023 1:02 PM

SeeYou190
This does not look like it is in a basement. Where are you? -Kevin

In my opinion, the window in the background does make it look like the layout is in a basement.

Wayne

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Posted by John-NYBW on Monday, July 10, 2023 10:32 AM

MJ4562

I doubt the OP comes back. He is likely the Executor of the estate or one of the heirs.  They just wanted independent opinions on whether the collection held any value and we answered that already.  It does not. At least in the context of an estate. Heirs want their money quickly and to be done with it. 

I'm currently dealing with that situation as the executor of my sister's estate. It is a tortuous process which I've been through before and swore I never would again but my sister kept insisting and finally I reluctantly relented. If I had it to do over again I would have said NO for about a fourth time. Laws in each state are different but the estate attorney tells me in Pennsylvania it can take a year or more to complete because creditors are given that long to file claims against he estate. In the mean time I'm spending 2 to 4 hours a day dealing with various issues, mostly related to the house which has needed a lot of work just to get it sellable. I almost wish I had just dumped it to a house flipper. We would have gotten a lot less money but I would have had a lot fewer headaches. I ought to have my head examined for agreeing to do this. The only upside is I should get about 4% of the value of the estate but that doesn't begin to make it worthwhile to me. 

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Posted by MJ4562 on Monday, July 10, 2023 8:27 AM

I doubt the OP comes back. He is likely the Executor of the estate or one of the heirs.  They just wanted independent opinions on whether the collection held any value and we answered that already.  It does not. At least in the context of an estate. Heirs want their money quickly and to be done with it. 

 

 

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Posted by richhotrain on Monday, July 10, 2023 7:06 AM

Well, it has now been officially one week since the OP first posted, never to be heard from again. This is, of course, part of the "forum culture". Newbie posts first thread with a question and then disappears, possibly forever. Meanwhile, forum members have taken the time to post 35 replies, all good ones I might add, and there have been nearly 2,400 views.

Let me offer up this sad story. My brother-in-law, an avid HO scale modeler most of his adult life, died about 15 years ago, leaving behind a beautiful DC-powered layout in his basement. He had planned for his own demise as a member of a train club. One of those members ran a local train museum and assured him that the club members would disassemble the layout and move it to the museum.

It never happened. The museum did manage to take all of his railroad books for its library and tons of large sized high quality black and white photos of trackside structures, locomotives and rolling stock. His widow asked me a few years back if I could disassemble the layout and dump it and sell anything of value. I was still working, so I had little time, let alone the DC expertise to value , list and sell all of his electronics plus the locomotives and rolling stock, so the layout remained in the basement gathering dust.

Recently, the widow moved to an assisted living facility and her two brothers are cleaning out the house for sale. They plan to move the entire layout and everthing on it to a dumpster. They may ultimately be what the OP will have to do.

Rich

Alton Junction

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Posted by Doughless on Sunday, July 9, 2023 4:33 PM

wjstix
I agree that's probably what will work out best, create a list. Even if he doesn't know what a particular car is, most likely just googling the railroad and reporting marks (like "Canadian National 123456 HO freight car" will probably come up with enough info to identify the model company and a rough idea of price/value. If nothing else, it's something he could show or forward to someone who might make an offer on the whole thing, saving the trouble of selling it all piecemeal.

^ This ^  

Again, knowing the value is going to require some level of work.  Even places like Trainz.com need to know what they are buying. 

If he already has a buyer ready to buy, OPs will either have to do some work one way or the other, or, he's going to have to rely upon their good character to tell him what he has and the value before he negotiates a price. 

- Douglas

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Posted by maxman on Sunday, July 9, 2023 4:26 PM

MJ4562
Calling a railroad club to remove it is a brilliant idea.  A true win-win situation. 

 

Maybe, maybe not.  Club I belonged to occasionally had items dumped on our doorstep.  Took a lot of time and effort to separate the good from the bad and ugly.  And once the good was identified it took up a lot of space until a way was found to get rid of it.

As I see it all that happened was that the effort to dispose of stuff got transfered to another party.

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Posted by wjstix on Sunday, July 9, 2023 3:43 PM

The OP's first line is "hello fellow train enthusiasts" which would indicate he is a railfan and/or model railroader - or at least could be.

MJ4562
Best way to value is to take the individual cars and locomotives off the layout and itemize them. Then see which buildings can be removed intact without damage and inventory them.

I agree that's probably what will work out best, create a list. Even if he doesn't know what a particular car is, most likely just googling the railroad and reporting marks (like "Canadian National 123456 HO freight car" will probably come up with enough info to identify the model company and a rough idea of price/value. If nothing else, it's something he could show or forward to someone who might make an offer on the whole thing, saving the trouble of selling it all piecemeal.

Stix
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Posted by MJ4562 on Sunday, July 9, 2023 3:22 PM

Best way to value is to take the individual cars and locomotives off the layout and itemize them. Then see which buildings can be removed intact without damage and inventory them.  The rest is probably a wash between the value of the switches (Turnouts) and the cost of junking the layout structure.

Sadly having dealt with my Dad's stuff, I can see it through that light. As others have said, the items have value, but only a little bit per item and it would take time and money to sell each item. Basically you are looking at less than minimum wage to sell everything. 

Calling a railroad club to remove it is a brilliant idea.  A true win-win situation.  

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Posted by maxman on Sunday, July 9, 2023 12:18 PM

dknelson
Personally I would have been delighted to have found the layout the OP is talking about in my new basement!   

Would you have been more or less delighted to also find a young and pretty nurse?

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Posted by dknelson on Sunday, July 9, 2023 10:15 AM

SeeYou190
I just went back an re-read the OP's original post. 1) He DOES NOT state he wants the layout removed. That was something I read into it. 2) He also does not state the potential "adopter" will relocate the layout. Again, we need more information from the original poster about exactly what the situation with this layout is. -Kevin

All true Kevin BUT 1) no evidence he wants the layout or wants to be a model railroader 2) he wants to know how much he can get for it.  If it isn't going to be moved from his house why would an "adopter" pay anything for something which would remain the OP's property?  

So I think it is perfectly reasonable to assume he wants to sell it and be done with it and get his basement back.  That's the basis on which I replied (above).  

Slightly OT but I am reminded that when we bought our house, the seller left all manner of stuff in it that we did not want, such as a stove that no longer worked, her son's dirty laundry in the laundry chute(!), a spoon on the floor, and her first draft of a romance novel she was writing*.  That said she also left a reasonably well equipped workbench and tool rack in the basement, and some steel shelving that I still use for holding model trains.

*The plot of her romance novel was of a loyal and faithful wife whose wealthy doctor husband is stolen away from her by a gorgeous but gold-digging young nurse at the hospital where both work.  When we asked our new neighbors a little about our seller, they told us her physician husband had abruptly left her for a pretty and youthful nurse he was working with, and they were living just a few blocks away so the kids could visit .... but that that doctor had abruptly left yet an earlier prior wife to take up with the woman who sold the house to us, who had at that time been a young and pretty nurse.  That part she left out of her romance novel draft.   

Personally I would have been delighted to have found the layout the OP is talking about in my new basement!   

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Posted by BigDaddy on Saturday, July 8, 2023 2:15 PM

wjstix
it is a technical glitch? 

Not in this forum. Wink Where is the Minister of Truth? Big Smile

Henry

COB Potomac & Northern

Shenandoah Valley

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Posted by wjstix on Saturday, July 8, 2023 2:00 PM

wjstix

Someone in another thread (about painting brass locomotives) didn't respond for a long time after posting the original question, but eventually showed up saying when he did the original post he had checked the box to get e-mail notices when there were replies posted. But he never got any, so assumed no one had replied. Maybe that is happening here?

 

 
Perhaps this is something a Moderator could check out, just in case it is a technical glitch? 
Stix
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Posted by John-NYBW on Saturday, July 8, 2023 11:55 AM

Unless the layout was designed to be portable, and it looks like it is not, much of it is going in the dumpster. The locomotives, cars, structures, and electronics can be dismantled but moving the layout itself with the scenery is probably going to be more trouble than it's worth. As far as any of it having collector value, I would doubt it. Things have collector value for two reasons, there is a demand for it and/or it is rare. Unless some of those items fall into that category, you're going to be looking at fair market value which is in most cases going to be below retail value. If you sell it to a retailer you aren't going to get fair market value because the retailer has to make a profit and that merchandise is going to take up shelf space so he also has to cover overhead. Generally a retailer is going to offer about 1/3 the fair market value, maybe a little more if he thinks it will sell fast. 

If you want to determine what fair market value is, try selling a few items on ebay or look at what similar items have been sold for. Don't go by asking prices because those don't mean a thing if someone isn't willing to bid that high. 

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Posted by Wazzzy on Saturday, July 8, 2023 11:42 AM

It all depends on your final goal...Donate items to close friends. Sell items to the local RR Club. Make a huge profit. Get rid of it quickly. Combination of all.

Contact NikNak (below) as they specialize in this exact senerio. To the best of my knowledge, they will survey the whole collection, offer a reasonable cash price, and remove it all. You will not get top dollar but NikNak will be taking all the risk and challenge of removing everything: resellable items, handling the laborous process to sell pieces / lots, tracking receipts for the IRS (yuck), and trash the unusable.

NikNak Vintage & Collectible

Anthony DiMario

1-360-951-0885

niknakvintage@gmail.com

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Posted by wjstix on Friday, July 7, 2023 9:10 AM

Someone in another thread (about painting brass locomotives) didn't respond for a long time after posting the original question, but eventually showed up saying when he did the original post he had checked the box to get e-mail notices when there were replies posted. But he never got any, so assumed no one had replied. Maybe that is happening here?

Stix
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Posted by NVSRR on Thursday, July 6, 2023 6:42 PM

Hope this isn't another. Post. And never return.   Interested in knowing more

shane

A pessimist sees a dark tunnel

An optimist sees the light at the end of the tunnel

A realist sees a frieght train

An engineer sees three idiots standing on the tracks stairing blankly in space

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Posted by wjstix on Thursday, July 6, 2023 4:11 PM

Thanks Kevin for posting the pic. Definetely not modules! 

I tried switching to my laptop and can see the pics now. Nice layout! As noted, it's kinda the "usual suspects" for a layout that's been around a while - Athearn, MDC, Mantua etc. although a few buildings appear to be wood craftsman's kits (or scratchbuilt). Might be a few surprises we can't see. I see a lot of Canadian stuff. The old True-Line Trains plastic CN and CP wood cabooses that retailed for $20-30 in the 1990s now sell for over $100 due to their desirability and rarity. Seems like often the most valuable / easy to sell things are old railroad books and brass pieces. As noted, DCC items (decoders, throttles etc.) can be resold. 

Stix
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Posted by AEP528 on Thursday, July 6, 2023 3:36 PM

Its doesn't look modular to me either. The structures look to be of the LifeLike/Model Power/AHM/Tyco variety (I may still have that enginehouse packed away). Rolling stock doesn't seem like anything special, note in particular the boxcars with sliding doors. The display shelf has some Matchbox railroad vehicles mixed in. 

As others have said, more information is needed.

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Posted by SeeYou190 on Thursday, July 6, 2023 3:23 PM

wjstix
If it actually is a collection of modules (still haven't been able to see the pics), then it might not be that hard to move. 

To me, it does not look like it is modular.

-Kevin

Living the dream.

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Posted by wjstix on Thursday, July 6, 2023 2:11 PM

jacob.trains
I became the owner of a model train set that was left behind at our home. We've found a potential adopter for this beautiful set,

It was "left behind"...so is this is a layout that was built in your house by someone - a relative maybe - who lived with you, or did you recently buy the house and the layout was in it and you want to sell it off? 

Is the "adopter" interested in buying the house, and you're wondering how much to add to the overall price for the layout, or are they just interested in buying / removing the layout?

jacob.trains
HO gauge variety, and comes complete with a modular landscape setup

If it actually is a collection of modules (still haven't been able to see the pics), then it might not be that hard to move. 

Stix
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Posted by Doughless on Thursday, July 6, 2023 10:46 AM

SeeYou190

 

 
richhotrain
I agree with Douglas on his recommendation to contact Trainz.

 

But Trainz will not help with the initial concern of getting the layout out of the house.

That will be the major task. Trainz will buy all the loose items, but leave the big work behind.

If the main concern is getting the layout removed neatly and without damaging the house, different help will be needed.

I hope we hear from the OP again. I hate moderation delays.

-  -  -  -  -  -  -  -  -  -

EDIT

-  -  -  -  -  -  -  -  -  -

I just went back an re-read the OP's original post.

1) He DOES NOT state he wants the layout removed. That was something I read into it.

2) He also does not state the potential "adopter" will relocate the layout.

Again, we need more information from the original poster about exactly what the situation with this layout is.

-Kevin

 

Kevin, you're right.  (I guess part of our forum's culture is to not closely read the OP, and even feed off of what others wrote, thereby exacerbating the drift.)

It sounds like he's found somebody willing to take the layout, but is wanting to know our opinion of price.  

What I would want to know is if the "adopter" is expecting the layout for free, with his "price" being the time, labor, and trouble to free up the room for the OP.  Or is the adopter willing to pay cash for the layout but a price has not been struck yet.

As to the second question, I think buying something like that in bulk yields for less money than if the OP broke it down and sold each item individually, which would take lots of work and several months.  The trade off being that selling it in bulk requires little work on OPs part, so he should receive less cash than if he sold the pieces individually. 

Maybe the buyer is interested in the layout itself, and not necessarily the trains.  I would have no idea how to price that.

- Douglas

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Posted by SeeYou190 on Thursday, July 6, 2023 9:19 AM

richhotrain
I agree with Douglas on his recommendation to contact Trainz.

But Trainz will not help with the initial concern of getting the layout out of the house.

That will be the major task. Trainz will buy all the loose items, but leave the big work behind.

If the main concern is getting the layout removed neatly and without damaging the house, different help will be needed.

I hope we hear from the OP again. I hate moderation delays.

-  -  -  -  -  -  -  -  -  -

EDIT

-  -  -  -  -  -  -  -  -  -

I just went back an re-read the OP's original post.

1) He DOES NOT state he wants the layout removed. That was something I read into it.

2) He also does not state the potential "adopter" will relocate the layout.

Again, we need more information from the original poster about exactly what the situation with this layout is.

-Kevin

Living the dream.

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Posted by richhotrain on Thursday, July 6, 2023 7:42 AM

I agree with Douglas on his recommendation to contact Trainz. My understanding is that if a crew is in the area, they would be willing to pay you a visit to help evaluate what you have.

Rich

Alton Junction

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