Jan. 22nd, 2011 Toy Train Auctions

This auction is being held at the Pennsylvania Stout Auctions gallery located at: 2884 Mercer West-Middlesex Road, West Middlesex, PA 16159. The website www.stoutauctions.com has location and hotel information. 1. We are using TCA grading standards. Please read the grading CAREFULLY as it is significantly different than our old grading system. We will not accept returns based on the old grading system. Grading Scale: C1 Junk-parts value only C2 Restoration required C3 Poor- requires major body repair: heavily scratched, major rust, missing parts, major restoration candidate C4 Fair-scratched: moderate, paint loss, dented, missing parts, surface rust, evidence of heavy use C5 Good- sign of play wear: with scratches and minor paint loss, small dents, minor surface rust, evidence of heavy use C6 Very good: minor scratches and paint nicks, minor spots of surface rust, free of dents, may have minor parts replaced C7 Excellent-all original: minute scratches and paint nicks, no rust, no missing parts, no distortion of component parts C8 Like New-complete all original: No rust, no missing parts, may show affects of being on display and/or age, may have been run C9 Factory New-brand new: all original, unused, may evidence factory rubs and the slightest evidence of handling, shipping and having been test run at the factory C10 Mint-brand new: all original, unused and unblemished Grading was done strictly and by appearance of the item, not boxes and not running ability. We do NOT guarantee running ability of any item. Absolutely no returns are accepted on items graded C5 or lower. After 30 days we will not accept returns under any circumstances, including items that may be described differently due to new technologies or information. Stout Auctions makes a reasonable effort to represent authenticity, originality, and grade of items with maximum accuracy at the time of the sale. Payment for an auction item that is received by Stout Auctions more than 14 days after the auction date voids all rights to returns, for any reason. After 30 days, any issue with an auction item must be resolved through the consignor of the items and NOT Stout Auctions. 2. LiveAuctioneers.com auctions is NOT the same as an ebay auction. This is provided as a service and convenience to allow people to bid at the live gallery style auction from your computer. 3. A buyer's premium of 17% is added to the purchase price of any item(s) you are successful with. If you pay by cash or check the buyer's premium is reduced to 14%. We have already had an overwhelming positive response from individuals who feel it is much more convenient than hotel stays and traveling great distances. We hope that you find this service well worth it too. The buyer's premium is 13% for those people attending onsite and bidding through the StoutAuctions.com website. If bidders attending in the auction onsite or bidding using the stoutauctions.com website pay by cash or check then the buyer's premium is 10%. 4. Stout Auctions has made every effort to accurately describe all items being sold, but all property offered for sale is offered "as is" and it is the bidder's responsibility to determine the exact condition of each item. No statement in this catalog, bill of sale or invoice shall be deemed to be a warranty, representation, or assumption of liability with respect to age, condition, size, quality, variety, importance, provenance, or historical relevance of any of these items. Any such statements are strictly matters of opinion. 5. The Auctioneer reserves the right to make any changes to the terms of the sale and to the catalog. 6. Title to all merchandise shall pass to the highest bidder at the fall of the Auctioneer's "hammer". The purchaser shall assume full risk and responsibility of the lot purchased once title has passed. 7. Payment may be made by cash, cashiers check (or other guaranteed funds), money order, personal check or credit cards. We do NOT accept Paypal or other electronic payment services. Payments for attending bidders are to be made the day of the auction with all items removed that day. Payment for an auction item that is received by Stout Auctions more than 14 days after the auction date voids all rights to returns, for any reason. 8. All absentee shipments are shipped by UPS within US borders. Orders outside the US are shipped by the US Postal Service. 9. Pennsylvania residents must pay 6% sales tax unless exemption is allowed under the laws regulating such tax. Out of state buyers are not required to pay Pennsylvania sales tax for absentee purchases. Attending bidders are required to pay sales tax unless exemption is allowed under the laws regulating such tax. 10. In the event of tie bids between online bidders and those present at the auction, please view the Stout Auctions website for an explanation. 11. The Auctioneer will be the final judge as to which bidder is the highest bidder. In the event of any dispute in this matter, the auctioneer shall at his discretion decide to reopen the bidding or not. 12. Stout Auctions makes every effort to execute the bids, however Stout Auctions is NOT responsible for any missed bids. 13. Stout Auctions are not responsible for any typographical errors or omissions in this catalog or in the subsequent price key. 14. By bidding in this auction, you acknowledge and agree that all parties consent to the jurisdiction of the Courts of Mercer County, Pennsylvania. All parties acknowledge and agree that this agreement has been entered into in the State of Pennsylvania and that it shall be construed in accord with the laws of the State of Pennsylvania. 15. The auction items can be previewed in person by setting up an appointment in the weeks previous to the auction. Public preview is on the day of the auction starting at 8:00AM. View our website for more information. www.stoutauctions.com. 16. In bidding on any lot here offered the bidder indicates acceptance of these Terms of Sale. For additional information regarding the Terms of Sale or any other matter relevant to this auction contact: Stout Auctions, 2884 Mercer-West Middlesex Road, West Middlesex, PA 16159 fax: 724-528-1500, tel: 724-528-1100.

Indiana residents must pay 7% sales tax unless exemption is allowed under the laws regulating such tax. Out of state buyers are not required to pay Indiana sales tax for absentee purchases. Attending bidders are required to pay sales tax unless exemption is allowed under the laws regulating such tax.

TThe January 22nd auction take place at the Pennsylvania Gallery located at 2884 Mercer-West Middlesex Rd, West Middlesex, PA 16159 starting at 10:00AM ET both days. Potential bidders are invited and encouraged to attend and preview the auction. The lots are available for preview by calling 724-528-1500 or going to the website at www.stoutauctions.com.

Items offered are part of a live auction at Stout Auctions' Pennsylvania gallery. Items are offered in numerical order and are auctioned at a pace of approximately 125 lots per hour. Absentee bids left on LiveAuctioneers ARE NOT the same as bids left with the auction house directly. They are executed from a proxy computer terminal in the room against other Internet bidders. Other competitive bids include bidders on the telephone, in the room, and absentee bids with the auctioneer. LiveAuctioneers does not provide the ability for auction houses to incorporate absentee bids from LiveAuctioneers with those left directly with the auction staff. Thus tie bids may occur between LiveAuctioneers absentee bids and other bidders. Tie bids are broken by the order in which the auctioneer accepts the bids NOT when the bids were entered with LiveAuctioneers. This is due to the fact that LiveAuctioneers does not release to Stout Auctions the actual top bid amount but rather each consecutive increment as the live bidding progresses.

If you are considering selling your treasured collection of trains or toys, please consider the team from Stouts. Stout Auctions is the world leader in selling and marketing toy trains. We have proven top results in selling and marketing trains to all levels of both collectors and operators including the world record price of 253,000.00 for a toy train at auction. We offer our customers insurance throughout the entire process, guaranteed timely payment, expert handling of goods, the best photos and catalog in the business, outstanding worldwide promotion and advertising, bidding through all channels including live and eBaylive on the internet, comfortable seating in clean well lit galleries and inventorypickup by knowledgeable and careful professionals. Stout Auctions are licensed in both Pennsylvania and Indiana. We also own our own secure auction galleries with lighted glass showcases- this means much less handling of your goods, they are packed and unpacked only one time. Please call 765-764-6901, 724-528-1500 or email infostoutauctions.com.