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Considering that only one of these has ever showed up, apparently almost no one else could afford it at the time! I jokingly remarked in the TCA article that the man who bought it for his DAUGHTER was a butcher in Brooklyn by the name of Jeremie Flaco.

 

I was surprised that a butcher would have that type of money available in 1931, and suggested that perhaps his real name was: Jeremie, "THE BUTCHER", Flaco!! lol 

Lionel 407E#1

Notice, that the outfit was packed in 7 BOXES!!!

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  • Lionel 407E#1

 My Grandmother was a white gloved girl. A large house and staff, she had never even cooked herself a meal until she left that life, to marry my Grandfather. But got quite good.

 

  I have the family Christmas tin train she picked out before she left home.

It was a very nice, and a little unusual, Commodore Vanderbilt set, but only a Marx.

 

I always add this in hopes someday I'll hear "I know about that one"

 The unusual? A long, side dimpled, screw base smoke bulb I can find no reference for, frame mounted bulb socket, not on the body pilot area. A sheet metal shroud for forced air smoke from the headlight hole. And it had wadding around the bulb, between it and the shroud. It connected to the body at the pilot area screw hole, and had a flat sheet metal light shield from the "pilot's hole" to the frame. Two position E-unit. A visor vs a headlight ring, nickel plated domes & stack, and copper w/blk. ink nameplate. The smoke bulb and shrouds, at least 3 cars(?), lots of track, and accessories were "rust dust" when I dug it out of a dirt floor garage. Found by accident its large thick 3'x3.5'(?) box was literally buried in nearly an inch of dirt. The dry dirt and busted down a box side and dirt was slowly filling it. The dirt preserved the rest quite nice, I run it often. But the front paint of the loco, and the items mentioned didn't survive. 

It has square 6" cars, and riveted slot couplers. It had fine grey frame detail paint that has disappeared from dusting it for 30 years.(I only use a soft brush too)

 Another thing. She swore she got it Christmas of "34". Knowing from documents her age, the time she claims to have received it, when they were first made, & the age she left and married(documents), her whole story fits to a T.

 But the info I've found I.D.s it as "36" or even as late as "38"?

 

    

Dr. martin A. Folb posted:

... These extraordinary trains are finally achieving a place in the World of collecting that they so rightfully deserve. While not quite ready to achieve the stratospheric prices of a Gustav Klimt painting of Adele Bloch Bauer ($135,000,000) or a Picasso- “Les femmes d'Alger (Version ‘O&rsquo” ($179,400,000), they have been noticed by as prestigious a publication as The Robb Report. I am enclosing some scans from an article that was done about one of my acquisitions, The 20th Century Limited (Lionel Set #433E), as well as a few other collectors including Ward Kimball (who was a good friend of mine).  

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Dr. Folb, Nice to see an accurate, well written article with quotes by Noel Barrett and an example such as Ward Kimball. It brings back to my memory, the other end of the scale, a bad article that CNN Money did a few years ago. For the B6 switcher, they couldn't even find the right tender, left out the 1939 production, I think the called the tender a coal car... Ahgghh! 

http://money.cnn.com/gallery/s...10/21/lionel-trains/

Tom

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