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I was just gong to say what Tom said. That looks like a Lionel set not American Flyer. I would repost in O scale forum.
 

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I wouldn't look to get much more than $50 for that set if you find the right buyer. A couple locomotive/tender's have sold recently on eBay for about $20 by themselves. There's a semi complete set listed currently at about $50 (for item plus shipping) with 6 hours to go and no bidders.
 
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