I've had the misfortune of two items. One was a post-war S-2 turbine. Was sold for 200$, I talked them down to 140$. Come to find out, the pulmor in it had been improperly serviced. All of the bearings on the main shaft were missing. It was destroyed in 3 laps around the layout.
On the other hand, I've come across some folks that were at a recent show. They were estate sellers and I'm terribly sorry to say they were clueless to what they had. Also I think they really liked the fact I paid cash.
For 220$ total, I bought:
Lionel Transfer Table 350 Reproduction [New and sealed] Retail would fetch an easy 200+ alone.
Lionel sawmill 80's-90's Reproduction [Used, box in poor condition but works far better than expected].
Lionel coaling tower 497 [So new the protective foam was still wrapped around the legs].
For an additional 80$ I picked up a 350-50 Transfer table extension plate. Also new.
I tend to look at broken things and junk bin stuff. Many times I'll find a gold nugget or two, with the occasional pair of engines (or three in my HHP-8's case) that can be cobbled together for on the cheap.
Fleabay has yet to burn me on quality items, but I tend to look at sellers who've sold a LOT of trains.
