Drove down to Halethorpe yesterday morning to pick up a lot I acquired from an estate sale. A 1930's era Lionel set that's been carefully repainted (albeit not in original schemes), it's probably worth about the thirty bucks I gave for it:
My understanding is that this set was received new back in the day (a couple cars added subsequently), then refurbished by the original owner decades later, perhaps in the 1960's. It had been sitting in a nice dry attic for the last 30-40 years after the original owner's passing. Virtually zero collector value in this condition, but epic provenance.
Plan to service the locomotive, replace any missing parts (loco pilot truck, lumber stakes, brake-wheels, etc.); otherwise it'll be left as is. Someone took a lot of time to "restore" it to their taste; far from me to undo it.
It'll need a new home.