Madison Hardware & Richard Kughn - Part IV

Please ensure that you have read and understood these terms and conditions prior to bidding at this or any other RM sale. 1. All sales are final. No bidder may retract a bid made during the sale for any reason. 2. Final bid price does not include buyer’s premium or applicable taxes on each lot purchased. Buyer’s premium is 20% and Michigan sales tax is 6%. Proof of tax exemption is buyer’s responsibility. 3. All payments must be in the form of PayPal, cash or certified funds unless other arrangements have been approved in advance. Cash payments will be reported according to U.S. Federal government requirements. 4. All sales are “as is” and “where is”. Bidder is responsible for inspections and verification of condition, authenticity, and completeness of any item purchased. No warranties or representations of any type whatsoever are made by RM. Condition codes refer primarily to the cosmetic condition, including paint, markings, wear and tear, and other minor visible damage. The items being sold at this auction contain contents from Madison Hardware. Some of the items are returned factory defects. Many were fixed while others were not. Although many of the functional items (locomotives, accessories, etc.) may be in good working order, RM has been unable to verify the operational abilities of these products. Buyers are strongly encouraged to conduct their own evaluation and inspection. Any announcements made at the time of sale supercede any earlier printed information. 5. All terms of sale posted on the auction premises, printed in sale brochures or forms, publicly announced, communicated via the eBay bidding applet or otherwise published are incorporated herein by reference.

Please note that while every effort has been made to accurately reflect the condition of the lots offered according to the scale below, this rating system must be considered as a general guide only. It was not possible to verify the functionality or completeness of many of the lots. In addition, sealed packages were not opened and may or may not contain product defects. Bidders are encouraged to rely on their own inspection to determine each lot's actual condition. CONDITION Q1 - New. Complete. Q2 - Like-new condition. Complete Q3 - Good condition. May show some wear. Q4 - Fair condition. Well used. May be missing parts. Q5 - Poor condition. Damaged or incomplete. Usable for parts. Q? - Condition unknown. BOX CONDITION B1 - New with seals intact. B2 - Correct and good condition. May not be sealed. B3 - Correct but shows wear or minor flaws. B4 - Damaged, torn or incomplete packaging. B5 - Missing or wrong box. B? - May or may not include box.

ACL - Atlantic Coast Line ACY - Akron, Canton and Youngstown ALASK - Alaska Railroad ATSF - Atchison, Topeka and Santa Fe B&A - Boston and Albany B&LE - Bessemer and Lake Erie B&M - Boston and Maine B&O - Baltimore and Ohio BAR - Bangor and Aroostook BN - Burlington Northern C&A - Chicago and Alton C&IM - Chicago and Illinois Midland C&NW - Chicago and North Western C&O - Chesapeake and Ohio CB&Q - Chicago, Burlington and Quincy CCC&StL - Cleveland, Chicago, Cincinnati and St Louis CIRR - Chattahoochie Industrial Railroad CLRC - Chicagoland Lionel Railroad Club CN&L - Columbia, Newberry and Laurens CN - Canadian National CNJ - Central of New Jersey CP - Canadian Pacific CStPM&O - Chicago, St Paul, Minneapolis and Omaha CV - Central of Vermont D&H - Delaware and Hudson D&RGW - Denver and Rio Grande Western D&TS - Detroit and Toledo Shore Line DM&IR - Duluth, Missabe and Iron Range DT&I - Detroit, Toledo and Ironton EJ&E - Elgin, Joliet and Eastern EL - Erie-Lackawanna EMD - Electro-Motive Division of GM FARR - Famous American Railroads FEC - Florida East Coast FF - Fallen Flags FGE - Fruit Growers Express GM&O - Gulf, Mobile and Ohio GN - Great Northern GTW - Grand Trunk Western HARR - Historic American Railroads IC - Illinois Central ICG - Illinois Central Gulf L&C - Lancaster and Chester L&N - Louisville and Nashville LCCA - Lionel Collectors Club of America LL - Lionel Lines LNAC - Louisville, New Albany and Corydon LOTS - Lionel Operating Train Society LRRC - Lionel Railroader Club LV - Lehigh Valley M&StL - Minneapolis and St Louis MD&W - Minnesotta, Dakota and Western MEC - Maine Central MKT - Missouri, Kansas and Texas MP - Missouri Pacific MU - Multiple Unit (Commuter Car) N&W - Norfolk and Western NH - New Haven NLOE - Nassau Lionel Operating Engineers NP - Northern Pacific NPR - Nickel Plate Road NYC - New York Central NYNH&H - New York, New Haven and Hartford ON - Ontario Northland P&E - Peoria and Eastern P&LE -Pittsburgh and Lake Erie PC - Penn Central PCS - Postwar Commemorative Series PFE - Pacific Fruit Express PHD - Port Huron and Detroit PRR - Pennsylvania Railroad RDC - Rail Diesel Car REA - Railway Express Agency RI - Rock Island RI&P - Rock Island and Peoria Rte 66 - Route 66 SCL - Seaboard Coast Line SP - Southern Pacific SP&S - Spokane, Portland and Seattle SSS - Service Station Special T&P - Texas and Pacific TA&G - Tennessee, Alabama and Georgia TCA - Train Collectors Association TMCC - TrainMaster Command Control TP&W - Toledo, Peoria and Western TTM - Toy Train Museum TTOM - Toy Train Operating Museum TTOS - Toy Train Operating Society UP - Union Pacific V&TRR - Virginia and Truckee Railroad W&ARR - Western and Atlantic Railroad WM - Western Maryland WP - Western Pacific

Lots picked up or shipped within the state of Michigan are subject to 6% Michigan sales tax. Proof of exemption is required.