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There are lots of wording used by our manufacturers giving us the impressions of buy yours before they are all gone. But what kind of numbers are we really talking about? I know the original Acela was limited production of 2000 sets. Was that a lot compared to other offerings or was that a small run of product. I don't know of anyone that couldn't find an Acela if they really wanted one of the original offering. Was an edition of 2000 units any fewer than the new allocated Lionel Mallets? Was the demand more than what they normally made.

    The demand for the MTH 'Merrmac' VA Anthracite locomotive wasn't enough to justify the 50 that were made. I can still find one or two at York each show. 

    The "rare" red or blue special edition Vanderbilts that Lionel produced were limited to 250 of each color-yet I can always find one at a train show or on EBay every week. What is the actual demand for the products we want to buy?

Scott Smith

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"Limited run" means whatever the manufacturer wants it to mean, in the absence of more specific information made available to the consumer.  Truth is, as it relates to high end O gauge production these days, I imagine just about everything is "limited run"--probably in the range of a couple of hundred units or so, if not fewer.  Most manufacturers probably wish that a run of 2,000 could be the norm for a so-called limited run.

 

And Dave Allen is right...the term usually doesn't indicate how many units will be made or imply that they will never be made again (unless specified in the advertising).

 

In short, it's usually little more than a means to (hopefully) stimulate sales.

I'm with Scott it is confusing.
I was surfing e bay the other night and came across a Lionel EM-1 pilot . The ad said it was one of only 50 made and it had legacy. I thought that it would be something I wouldn't see again soon but the next night there was another one by another seller and they said one of one hundred?.

I guess they're like the Smithsonian Dreyfus. There aren't many out there but you don't have that much trouble finding them.

In the other scales the brass sellers used to number theirs I guess to make them more collectable? But there's so much brass out there in the other scales now I don't think it adds much anymore.

David

 Ideally a limited run would be limited to one less than the total demand for the item.  If the limited run equals the total demand then it was just limited to the number of orders received and if it is greater than the total demand then it is just limited to the number of items that could be produced before someone decided to shut down the production line. 

As far as I know, the first two limited editions that Lionel made were the Gold Chessie Geep and the Coke set.

The price on the Gold Chessie shot up rapidly and then sank down.

I don't remember how the Coke set did.

Both items are actually rather common and easily obtained.

 

IMHO, there was a period in the modern era when Lionel was either very bad at estimating demand or intentionally underproducing select items. The street price on these items shot up immediately upon release (sometimes before), and fed pre-order mania. Some folks purchased "one to go and one to show" in the hopes that they could sell the mint piece at a profit to offset the cost of the one they kept.

The prices on many, if not most of these "instant collectables" have fallen well below the old market prices, and sometimes even below the original preorder prices.

 

 

Originally Posted by C W Burfle:

As far as I know, the first two limited editions that Lionel made were the Gold Chessie Geep and the Coke set.

The price on the Gold Chessie shot up rapidly and then sank down.

I don't remember how the Coke set did.

Both items are actually rather common and easily obtained.

 

IMHO, there was a period in the modern era when Lionel was either very bad at estimating demand or intentionally underproducing select items. The street price on these items shot up immediately upon release (sometimes before), and fed pre-order mania. Some folks purchased "one to go and one to show" in the hopes that they could sell the mint piece at a profit to offset the cost of the one they kept.

The prices on many, if not most of these "instant collectables" have fallen well below the old market prices, and sometimes even below the original preorder prices.

 

 

Seems to me and my memories not so good C.W. didn't Lionel do the Coke set in the mid seventies??? Coke was doing so much back then. I wasn't into O scale trains then but the train did catch my eye. I think they even had some kind of special offer that was printed on some of the first 2 litre bottles.
I'm sure some of you know more about it than I do.

David

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