Find thousands of listings for Lionel Trains at discount prices at StealTrains.Com. For many Americans, Lionel is THE toy train company. It's the toy train they dreamed of finding under the Christmas Tree. And it's the one that has become highly sought after as a collectible.
But what most don't know is that there actually have been two eras for the Lionel Train company. The original company was founded in 1900 as the Lionel Corporation. Begun as an electrical novelties company, it's produced the most famous of the trains. In 1969, the company was sold to General Mills, along with its trademarks and product rights. Since then, it has gone through a succession of owners. The current incarnation of the company, located in Michigan, is in bankruptcy.