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The Lionel Corporation would continue as a holding company. It invested in various chains of retail stores and electronics companies while receiving royalties on toy train sales made by General Mills (later Lionel Trains, Inc.). In 1991, it sold its trademarks to Lionel Trains, Inc. for $10 million and eventually went out of business in 1993.
Standard Gauge, also known as wide gauge, was an early model railway and toy train rail gauge, introduced in the United States in 1906 by Lionel Corporation. [1] As it was a toy standard, rather than a scale modeling standard, the actual scale of Standard Gauge locomotives and rolling stock varied.
The Lionel 1680 tanker car, for instance, was an Ives design that remained in Lionel's catalogs right up to the start of World War II. Even more significantly, the Ives e-unit first introduced in 1924 lived on in Lionel locomotives, with a modified version of the Ives design first appearing in Lionel trains starting in 1933.
Valued at over $400, the “Duchess of Atholl” is a must-have for serious collectors of vintage European trains. 10. Lionel Polar Express Electric O Gauge. Amazon.
In their 2006 Volume 2 catalog, Lionel officially unveiled the new TMCCII "Legacy" system. TMCCII promises to revolutionize the way people control and play with their model trains, by adding more features that mimic prototypical operations of a real railroad, and subsequently, a real locomotive.
In 2009, the two joined forces, allowing MTH Trains to produce the Lionel tinplate electric trains with the official graphics. The interior electronics are from MTH Electric Trains, but the exterior bears the Lionel Corporation graphics. [2] In June 2020, it was announced that the CEO, Mike Wolf, will be retiring.
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