I have a 1940 union pacific lionel train set. how much would that be to sell it on like an antique thing.?

Question

and if possible probably a place to sell it on also.

Answer 1

Pick up a Greenberg's guide for Pre war trains. The local Library might have one. Their grades are standard for collectibles. Why not will them to a grand child? My grandson gets all my trains. Model railroading lasts a lifetime.

Answer 2

Well it's going to depend on a number of factors:  The specific model/set, how rare it is, how many were built and more than anything else - It's condition (including, boxes, power transformers and other accessories).

There are a number of books out there that are analogous to the used automobile industry "blue books" which will give you a "ball park" idea on what the model/set could go for.

Again depending on the condition and desirability of your item could easily dictate on where you would want to sell it.  Dealers are usually more than happy to put your item on consignment for anywhere from 10-30% commission.  If it's really rare they might be interested in buying it outright.  This can be a gray area as they may offer much less than they would sell for in order to make a profit.  

Taking it to a train show or other model event and selling it yourself is also an option.  Consider the price to purchase table space and entrance fees into how much you want to sell it for.  Train "swap meets" auctions and club classified are also great resources.

Do some research for "toy train" clubs/organizations in your area.  If you find one, contact them and solicit interest for your set.  Members with a keen interest in your set might want certain pieces and not others and you will need to decide if you want to split the set up or not.  It might be what makes it sell.  Again, someone may steer you in a direction other than what I've suggested.

I'll bring up Ebay (and online auction houses in genral) last since it's the most risky.  Not from a scam point of view but from a profit point of view.  Investigate your model/set's worth as much as possible before you plan on thinking of putting it on Ebay.  Review Ebay's item listing and selling fees and consider what you need out of the "deal" to make it worth it to you.  Ebay can net you a lot of money but don't list the item at "Junkman mentality" prices and out price the item.  If you are familiar with online auctions then great.   If not, I would suggest a lot of study and education to understand how they work and what you need to know in order to successfully sell on them.

Good luck to you!