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trains have increased in value an average of 7 or 8 percent a year “over the long term,” but “train collecting is a source of pleasure and enjoyment, not a source of wealth,” he added.
His trains are O gauge or standard gauge. He doesn’t collect the now popular HO gauge trains. He notes that Lionel didn’t make trains in standard gauge after 1939 because more people were living in apartments and did not have as much room for train sets. Now, he said Lionel is making some trains in a similar large gauge. The standard gauge trains run on tracks more than twice as wide as 0 gauge, and HO gauge is half the width of 0 gauge.
Occasionally Mr. Estes buys a box of parts that includes some HO gauge pieces. He sells the cars for $2
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