MAY 14, 2005 HO & MODERN TRAINS

ABBREVIATIONS AF - American Flyer C - condition ga - gauge mc - master carton ob - original box osb - original set box std - standard w/ - with GRADING OF CONDITION* C1 – POOR C2 – GOOD C3 – VERY GOOD C4 – FINE C5 – VERY FINE C6 – EXCELLENT C7 – EXCELLENT PLUS C8 – LIKE NEW C9 – NEAR MINT C10 – MINT *finish on toy - paint, paper, lithography, etc C10 usually only given as a condition in the case of a factory-sealed or unopened item. CONDITIONS OF SALE -1. The auctioneers have endeavored to correctly catalog and describe the property being sold, but all property is sold “as is”. The auctioneers reserve the right to make verbal corrections and provide additional information from the block at the time of sale. All trains are sold as untested and not guaranteed to run. -2. The highest bidder acknowledged by the auctioneer shall be the purchaser. In the event of any dispute between bidders, the auctioneers shall have absolute discretion as to who was the successful bidder or he may re-offer the disputed item for sale, if he so wishes. -3. Internet bidders must pay in full within 15 days of the auction sale date. If, as an internet bidder, you have no intention of paying for any lots purchased, please don't bid. You will receive an unpaid item strike and a negative feedback. -4. The auctioneers will accept a US Money Order for US dollars, Bidpay, Western Union, bank transfer, Visa, Mastercard, Discover or American Express as payment of each purchaser's account. There is a 17% Buyer’s Premium. -5. All purchases except out-of-state mailbids or internet bids are subject to the Connecticut 6% sales tax unless the purchaser possesses a Sales Tax Exemption Number from any US state. -6. All sales are final. Internet bid refunds will be at the discretion of the auctioneers. Refunds will not be given because of the condition of the original box. In the case of a refund due because of damage during shipping, the buyer will be refunded only when the auctioneers have been reimbursed by the professional shipping company. -7. Invoices for US buyers will be sent by e-mail to internet bidders the Monday after the auction. It will contain the lot numbers purchased and the amount due with buyer's premium and shipping. The shipping fee for US buyers will be an estimate of postage and insurance and a $5 handling fee per box - not per lot purchased. We will pack as many lots as is reasonable in a box. -8. International buyers will receive an acknowledgement from us on the Monday after the sale. We send a complete invoice with shipping fees after we have packed the parcel to get an exact mailing fee. There is a $5 handling fee per parcel - not per lot purchased. We pack as many lots as possible in a parcel. -9. Bidding on any item indicates your acceptance of these conditions. -10. The auctioneers are not responsible for typographical errors or omissions. -11. The computer bidding process is not a perfect one. While we endeavor to execute the internet bidding as perfectly as possible, we are not responsible for missed internet bids caused by computer slowness or other variables. -12. Lloyd Ralston Gallery is a bricks-and-mortar business. You are able to attend this auction in person, bid through the mail or bid over the internet. We understand the buyer's premium is high, but 7% of it goes to cover the cost of listing the auctions over the internet. If you find this cost too high to pay for the convenience of bidding on items that would not be available to you otherwise, you have the option to participate by attending in person or bidding through the mail instead. LLOYD RALSTON GALLERY, Inc. guarantees the toys they sell, but cannot be responsible for interior repairs not visible without taking the toy apart or exact replacement parts created by contemporary craftsmen who are doing expert undetectable restorations. Missing pieces of toys and games not obvious without directions or knowledge of the toy or game are also not part of this guarantee. It must be understood that we cannot be responsible for minor age defects or hidden conditions. They will be sold in an “as is” condition. Original boxes were used to protect the items inside, so they are usually worn. The original box is not included in the grading of the toy. An original box described as “rough” should be considered as in very poor & distressed condition and may or may not be complete. It must be understood that toys were played with by children. Consequently, when a toy is graded C1, it has more flaws, such as rust, dents, worn tires, etc., than toys graded C6. However, the toys graded C6 also might have these flaws, but to a lesser degree. We do not grade a toy based on its rarity. If you have a specific question about a piece being auctioned and need more information than is listed in the catalog, please call on a preview day and ask for assistance.

Local Taxes Apply