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Selling Model Trains

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Selling Model Trains

How can you tell how much a model train is worth?

®2010 Ryan C Kunkle, licensed to About.com, Inc.
Question: Selling Model Trains

"How do I sell my old train?" Is one of the most common questions at any train show or even here on this site. There are lots of options for selling your trains, and a few things you can do to help increase your potential sale value.

Answer:

Know What You Have

Before you go anywhere to sell your trains, it is a good idea to have some idea of what you are selling, and what it is worth. Even a little research will go a long way, especially if you are selling online through a forum where your description is key.

If you have absolutely no idea what you have, start by looking on the bottom of the model. Often the manufacturer will have their name cast into the carbody. Compare it to other models to determine its scale. With these bits of information, you can usually start a web search.

There are lots of books on old trains that go into great detail about the sometimes-subtle changes that can greatly alter the value of an old model. For more information of determining value, check out these tips for appraising model trains.

There is one important caveat with model trains that can not be overstated. While there are indeed some rare models which go for tens of thousands of dollars to the right buyer, these are the exception and not the rule. Model trains are made to be enjoyed - not to put in your retirement portfolio. Most model trains will not appreciate in value and it is probably best not to assume that yours will fetch more than a small amount.

Where to Go

There are lots of options for selling old trains. Start with your local hobby shop. Not all model train stores sell used trains, but many do.

The local shop offers convenience and a potentially quick sale. And if they don't take your trains they can probably offer useful information.

Keep in mind however that with this ease comes a cost. Since they plan to resell your models, you will need to be willing to sell to them at a price that affords them profit. If they offer 50% of market value, you're doing very well. Remember, the time and space your old trains will occupy in their store has plenty of real costs. You may be able to work a slightly better deal if you are willing to take store credit instead of cash in the exchange.

If you really want to get the most for your trains, then your best bet is to go directly to the final buyer. The hard part of this is finding them. As you spend time searching and posting, you'll begin to understand why the hobby shop's cut may be worth it.

The internet offers several options. There are the general online auction sites where you can sell everything from old trains to dirty laundry. There are also many online forums where modelers gather to exchange ideas and yes, trains.

If you do sell online, there are a few things you must do. These will help both you as a seller and protect your buyers:

  1. Write an accurate description. Make sure you're potential buyers know what you really have.
  2. Include photos. A picture is worth a thousand words and good clear photos are a must. And be ready to share more images with interested buyers. Photos must represent the actual models being sold - not catalog art, images of "similar" trains or old pictures of these models that no longer accurately represent their condtion.
  3. Be honest. If there are paint scratches or a missing coupler, say so. If your trains have been out of the box and run, they are not in mint condition. They may be "like new" but they are not "new."

If these options aren't turning up any sales consider cutting your losses and selling or even donating the trains to the local thrift store or charity. If nobody online or in the hobby shops has jumped at your trains, you can sell them cheaply with confidence that you aren't holding that one-in-a-million collector's treasure.

Get the Most for Your Sale

In addition to making sure you do a little background research and provide the best descriptions and photographs possible, there are a few other steps you can take to improve your chances at sale or even a few more dollars.

Condition is everything in the used train market. Even the most rare and treasured collectable becomes far less desireable if it is in poor condition.

You don't have to go to great lengths to improve the look and value of your trains. Cleaning your models will go a long way. You don't need to replace missing or broken parts or repaint (in fact it may be better if you don't) but a little dusting will make the models shine.

Test the models as well. "It ran the last time we used it" is hardly reassuring to a buyer. You can also negotiate a better price knowing that it runs. If it runs, but performs poorly, you may want to take the time to clean and lubricate it for better operation.

It may take some time and work to sell your old trains. Of course if it doesn't seem worth the effort, there is probably a local club or charity store that will be happy to take them off your hands.

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