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Discussion Boards => General Discussion => Topic started by: early0electric on February 14, 2021, 06:54:56 PM

Title: What to do?
Post by: early0electric on February 14, 2021, 06:54:56 PM
For the last few years I have been struggling with what to do with some of my trains, or, all of my trains for that matter. Besides my individual pieces I have 20 or so boxed sets, some are still in the original boxes, some have the trains on display and the contents are separate. The reason for this is that I do not have enough shelf space to display my collection. My train collection is entirely early period Lionel O gauge (1915-1925). I also have a paper collection of original catalogs and ads covering the same period although I do have Lionel Paper back to 1900. Do those of you out there that have boxed sets, keep them in their original boxes? Should I box everything back up with the track, directions, rheostats, and so forth? I'm 70, feel 30, but you never know, you know? Every train I have is inventoried, make no mistake about that. Granted, when I'm gone, I'm sure everything will be sold outside of a memento that each of my 6 children will want (maybe). Neither my wife nor any of my children have an interest in my stuff. What I have is "Dad's collection". Should I really be concerned about what happens after I'm gone or should I be thinking, "don't worry about it", and leave "loose ends"? Or, ???, should I be thinking about selling my collection at auction at some point, should I get to it, before I get to the point I don't remember what I've got??? I may have 15-20 or more lucid years, but who knows???

Any thoughts out there? How are your trains stored? What are your plans? Just something we all have to confront at some point.

Mike
Title: Re: What to do?
Post by: Terry on February 14, 2021, 11:13:14 PM
I'll be 58 this May. I sold the bulk of the collection when I was 50 to settle my dad's estate and get a more managable amount of trains. That was very hard to do, but I don't regret it.

At that time I kept about a dozen Lionel 0 and a dozen Standard sets for the layouts.

By the time I am 60 I will have no trains put away for later. Everything will either be on a shelf, a layout, or gone.

My current goal is to play with the 1930s and 40s era trains I kept and shift the collection focus to the Lionel trains from before 1913.

Then in 7-10 years, I'll be done and sell everything except a few of the really cool early trains, and some things to play with.

Frank Petruzo told me when I was young that I would end up with all the trains. What I never figured on was that there wouldn't be anyone to share them with.

When I was at Greg P~~ house in LA last spring we talked about the same thing. I said that as far as I'm concerned if in 25 years when I'm in my early 80s, I have 5 or 6 peices of  2 7/8th and a dozen trolleys I'll be happy.

Title: Re: What to do?
Post by: pjdog350 on February 15, 2021, 03:44:13 AM
I’m real close to 80. Just a few more months. I’ve been thinking the same thing. I talked with a train collector down the street about what to do with the trains. I’ve sold off trains before and wish I had not done so. I have 4 kids of my own and 2 step kids. All but one of the children are not the least bit interested. I did give 12 sets to my youngest child in 2012 and built her some real nice shelves in her office for them. All her sets are cataloged sets.

When the friend down the street and I where talking about this subject he said if they give you pleasure keep doing what you are doing. I have added 7 Lionel JR streamliner and restored them plus I’m working on a 259E and some cars but my trains are toys not of big dollar value just fun to run and repair. I know I’m not long for the world. I can feel the health slipping away. Plus talking care of my wife who is in real trouble is taking it toll on me. 80 years old and a 24 hour a day nurse with no help at all. Been doing it for 4 years and 4 months. But my trains are my therapy. They are my stress relievers. Things can get real bad and the stress level get real high and just 15 or 20 minutes doing the train thing and all is right with the world again. My wife learned how to count again counting the boxcars as they went by slowly. She got to 15.

I’m not going to quit until I’m gone. Let the kids worry about it. Give them something to have a rough idea of the value and just enjoy what time you have left.

Besides that, if your at home looking at, fixing, restoring, or buying more your at home and being safe. These are hard times for America. I miss the America I grew up in. Things where so different.

Stay home and be safe 
Title: Re: What to do?
Post by: starfire700 on February 15, 2021, 04:59:15 AM
It sounds like we all have the same issues to wrestle with.
I will be 70 next month, have blood pressure and arthritis issues, wife in EX health. We live with my wife's sis and husband, both 10 years younger than us and in healthcare.
We just built a new house, upstairs for wife and relatives, basement for me.
I have shifted my focus to operating and video production, but find it hard to part with the "good stuff" on the shelves.
I have early O gauge, some early standard, small amount of classic period standard (the stuff Frank Petruzzo would collect, he was also a good friend), some prewar AF. My favorite stuff now is  1935 to 42 Lionel, Early postwar and 1950's postwar to operate. Also Marx prewar tin, especially Army Trains, and the stuff that we produced as Marx Trains from 1992 to 2004.
Just looking back at that list, it is "too much" for a 70-year old, but I am having too much fun with it now, and my wife knows all of the major auction house owners.
We all have to make decisions based on family and financial conditions, but my vote, is keep the stuff you really like and keep playing (operating) until you no longer know a Hudson from a potatoe. If it provides joy and helps keep the brain functioning, it is good to keep it. 
Title: Re: What to do?
Post by: starfire700 on February 15, 2021, 05:49:20 AM
In answer to storage/display of boxed sets.....
I have some in the boxes stacked on a tower shelf, but I then forget what is in them.
Some of my early and late LL prewar is in showcases, but all does not fit. When I managed a shopping mall in the Chicago area, a demo contractor would save me discarded showcases when a store remodeled. The tall ones with mirror backs were from a Sunglass Hut.
Also showing some overalls of display shelves, cases and layout.
I did a lot of thinning when we moved and built this house, as I did not want to store too much. Still it was almost 100 luggers and boxes full.
Too much stuff????, yes it is. But where do I start? Lately I have been using things I never thought that I would in videos.
I am enjoying it, wife tolerates it, and wiring and operating sidings and accessories, modifying and repairing locos etc helps to keep the old brain functioning.
Title: Re: What to do?
Post by: pjdog350 on February 15, 2021, 08:10:20 AM
I’m so jealous!!!!!!!
Title: Re: What to do?
Post by: early0electric on February 15, 2021, 10:12:28 AM
Yeah, it all seems too much at times, at others, I'm glad I have what I have. I guess with a few of my train buddies passing, it gets closer to home. I know it's a lot more fun when you can share what you have and know. I have 2 cases of Lionel Mfg O gauge one is 1915-1916 the other is 1917 -1918. My two other cases are both Lionel Corporation. Then there's the rest in boxes in my train room and downstairs. I've never really thinned out my collection. I guess the big take away, to me at least, is as long as I still enjoy it and can share it, all is well.

As far as my boxed outfits, I'll continue to put everything back. At least that way I can refresh in my head what's there.

I do like "until you no longer know a Hudson from a potato"! Cracks me up! Thanks for that!

 


 


 


 
Title: Re: What to do?
Post by: starfire700 on February 15, 2021, 02:52:44 PM
Your trains do look nice in wood cases.
Title: Re: What to do?
Post by: early0electric on April 29, 2021, 06:02:06 PM
Do any of you have your trains inventoried? How do you keep track of what you have? I have string tags with an inventory number on one side and a description on the other on all my trains. I also have Excel spreadsheets with the inventory #'s and a more detailed description listed.
Title: Re: What to do?
Post by: pjdog350 on April 29, 2021, 06:28:33 PM
I use to have the Excel spread sheet but stopped keeping it up. Then sold allot of stuff in 2012. Now I’m starting over. I need to do the spread sheet again just so the kids will have a good idea of what I have and what the value may be?

My best trains I had 2012 went to one of my kids. She wanted them.

Title: Re: What to do?
Post by: starfire700 on April 30, 2021, 04:44:08 AM
I have always kept a "purchase inventory" with cost/description and date, but do not track items sold, other than through ebay records.
I do keep an inventory of the better items with my insurance policy. I have specific items covered, plus a blanket amount for lesser items, also covers items in transit and at shows.
I switched to my local agent, got a better price for coverage and better service. My original TCA recommended insurance started with JA Bash then became Chubb. They basically said they were no longer interested in writing such policies and recommended that I go to my homeowners insurance. Glad that I did.
Title: Re: What to do?
Post by: Terry on April 30, 2021, 12:24:57 PM
I have almost all my trains from before 1925 on my phone. I did it years ago to have a list of what I have when I was at train meets. New trains are photographed and added before they go downstairs. All the cars have the inventory numbers written on the bottom with a grease pencil. (China Marker) the locos have string tags. When I upgrade, I move the tag to the new loco and change the picture.

 

 

 


The trains made after 1925 are just on lists in a text document, and I have pictures of them on the shelves.

My homeowner's insurance covers collectibles up to 75 percent of the house value total with the need to only schedule items worth more than $5k. Only the state set clears that, but it's actually 5 peices for insurance purposes. A loco and 4 cars. Farmers. My agent said so many people had collectibles that they started covering them.
Title: Re: What to do?
Post by: AT4 on May 03, 2021, 05:35:59 PM
Just my 2 cents. Unless you need the money keep them! I sold my collection due to divorce. I hated to part with it. You have heard the saying he whom dies with the most toys wins........LOL. Keep playing with them and collecting. It will keep you young.
Title: Re: What to do?
Post by: pjdog350 on May 03, 2021, 06:43:13 PM
You are right AT4
Title: Re: What to do?
Post by: starfire700 on May 04, 2021, 03:26:24 AM
Also agreed. As I have aged, I am less-worried about what to do with my "stuff".
As long as I can still enjoy it, I will keep it.
My wife knows how to dispose of it when I am gone.
Title: Re: What to do?
Post by: early0electric on May 04, 2021, 07:27:34 AM
My wife knows how to dispose of my stuff also. The "moldy boxes" are going first!

Title: Re: What to do?
Post by: early0electric on July 21, 2021, 05:37:11 PM
I've noticed in recent auctions, no matter what auction house it is, that  trains are getting grouped together whether they be locomotives, or cars, or accessories. Granted the "Rare" stuff is selling piecemeal but there are items grouped together that in the past would have been sold separately. I assume this is a sign of the times where the buyers are not there, the money is not there, and the interest is not there. I'm not sure where the future of the hobby is headed, but I hope someone appreciates the effort that has been put into establishing some of our collections. Our collections are all over the place, prewar, postwar, early O gauge, classic period, Standard Gauge, 1 gauge, 2 7/8 gauge, S gauge, HO, MPC, and more and also a myriad of companies. I hope everyone collects what they like and not looking at their trains as an investment as I think that is dwindling. I still purchase items to fill the very few gaps I have and don't think about the return on my investment. The return is the joy and satisfaction of having what I have.  It may not matter to others, or others in my family, but it matters to me.
Title: Re: What to do?
Post by: Terry on July 22, 2021, 12:30:58 AM
Another reason for the grouping you mention is the sheer quantity of items to be sold.

We're going into a really weird time to be train collectors. The common trains are dropping in value and the drop is going to accelerate as more hit the market. Inflation is picking up.

I made some dwarf signals for my layout last weekend. I spent about 3 hours on them, and once the humidity and constant promises of rain stops I'll paint them. I had fun.

 


The silver parts are cheapo castings made by the guy who sold them at York. Trickel? The black head came on a bent up signal bridge I got last week.



Title: Re: What to do?
Post by: pjdog350 on July 22, 2021, 04:11:02 AM
They look great Terry. Be sure to show them again when you get the paint on them and on the layout.

Speaking of your layout. Where’s the movies?
Title: Re: What to do?
Post by: starfire700 on July 22, 2021, 04:12:20 AM
The dwarfs look cool, can't wait to see when painted. Dwarfs for Standard Gauge.
Title: Re: What to do?
Post by: early0electric on July 22, 2021, 07:29:10 AM
Those are pretty neat, Terry. Yes, I forgot to mention the sheer volume of trains. On estatesales.net there's many trains for sale. Some are onesy-twosey, some are accumulations, and some are collections.
Title: Re: What to do?
Post by: Terry on July 22, 2021, 01:17:14 PM
I was thinking about cutting the signal bridge in half to make a single, but one of the side effects of age is knowing my limits.

Speaking of volume. . .  This weekend is the first big train swap meet in AZ since the pandemic. There was a small mostly scale show in early May, but this is the first tinplate show. As of last week they had 65 percent of the tables sold. Usually they are sold out 2-3 months in advance.

One growing problem I see is the lack of workers for the club shows. In Tucson they aren't doing the big 2-day trade show hall meets anymore because the club is all old men and they don't have the energy to run them. 

I'll have a better idea of the state of the AZ train market after the show.

I heard the York plans for this fall, and decided I'd wait until next spring.
Title: Re: What to do?
Post by: Terry on July 24, 2021, 04:51:01 PM
Meet report - Many people aren't back to attending shows. The entire Marx collecting contingent was missing today. I don't know how off the attendance was, but there was not a long line of people waiting for the starting gun.

This shows does the national Anthem - OH say can you see. . . then throws open the doors. Usually I spend the first hour of the show just walking back and forth selling trains. This did not seem as hurried. Normally I have buyers stacking up to pay or haggle. Almost none of that today.

From the prices I saw, some people think the pandemic has increased demand. Only 80 percent of the tables were sold. I think this worked out well as I had hagglers storm off when I refused their offers and then come back and buy the objects because they couldn't find anything else to spend their money on.

It rained hard yesterday and this morning during the set up time. Rain usually means a better show, but if it had an impact today, it was not enough to overcome the pandemic decline.

Sales were ok, but I was blowing out cumbersome things. Like a crusty 122 station that had been used as a jack stand on a salty road then left in the rain for a while at a bargain price of $12.
Title: Re: What to do?
Post by: early0electric on July 25, 2021, 11:25:25 AM
Yeah, I wonder about YORK. I plan to go, made reservations and all that. Not sure whether the changes will be accepted very well. Loss of tables and fewer sellers doesn't bode well.  Purple Hall always seemed a bit empty. They could always set up outside like a flea market like they do at the Holidome to accommodate some of the sellers that are displaced. It will be an experience, I'm sure. Hopefully it will all take place.