MFI — Collection page · a grouped set of items (richer v4)
Springboard: model-railway collection (grouping, member items, total value, photos, dealer info). Richer: collection-level valuation with an explicit set premium/discount, member-item grid with per-item value + condition + provenance, and how the set is left (kept together vs split). Chattel tax layer added lightly + honestly — counts for IHT at market value; HMRC "sets" rules may value associated items together. Trust chip carried.

Model Railway Collection

Collectibles · Model Railways OO Gauge (1:76) 📍 Loft · Shelves 1–5 47 items · 6 makers Collecting since 1985

Items

Across 6 manufacturers

Collection value

£4,200

As a complete set · valued 14 Jun 2026

Boxed

38 of 47

81% in original packaging

Family interest

3 people

Paul (Southern), Andrew (diesels), Sarah

What the collection is worth INHERIT collection valuation

£4,200 Medium–high confidence

Source: OpenInherit AI · based on 47 items + recent whole-collection sales · valued 14 June 2026

Sum of the 47 items, valued one by one£3,850

Set premium + £350 · +9%+ £350

Value as a complete collection£4,200

A collection can be worth more — or less — than its parts. This one carries a small set premium: kept together, the Southern Railway run and the matched diesel rake appeal to collectors who want the whole story, so a specialist buyer pays a little over the item-by-item total. The opposite happens too — a part-set, or a collection broken up to settle shares, often sells at a discount because the rare pieces lose their context. We show both numbers so the choice below is an honest one.

How this collection is left INHERIT rules

A collection is one of the few items where keeping it together, or sharing it out, changes both the value and the family meaning. This is your decision — you can change it at any time.

Your choice

🏫 Keep it together — to Paul

The whole collection passes as one gift to your nephew Paul Richards, who has collected Southern Railway models for years.

Trade-off: keeps the £350 set premium and the story intact; the other beneficiaries are balanced with cash or other items elsewhere in the will.

★ Split between family

Paul takes the Southern locos, Andrew the diesels, Sarah two chosen pieces; the rest is sold.

Trade-off: everyone gets a piece they care about, but breaking the set usually loses the premium — expect closer to the £3,850 item total, or less.

If the collection is sold

Nobody has to sell. But if you, or your executor later, decide to, here is what it is likely to fetch and how people usually go about it. There's no rush.

£3,850 to £4,200

The lower figure is the 47 items sold one by one. The higher one is the whole set sold together as one lot. This is a guide, not a probate or insurance valuation.

As one lot, to a specialist. Usually the way to keep the set premium. Quickest for an executor.
Piece by piece. Usually fetches less than the set, and takes much longer and more work for an executor.
Gift it to a museum or society. No money to the family, but the collection stays together. A gift to a registered charity can reduce Inheritance Tax.

MyFamilyInherits takes no commission and no referral fee on any sale.

LegacyLists is our sister site, run by the same company. It helps families sell collections.

You can sell any way you like. You don't need LegacyLists or us.

Take this valuation to LegacyLists

Items in this collection 47 items

All 47

Hornby 23

Bachmann 12

Dapol 5

Other 7

Item	Value	Condition	Left to
Hornby · 23 items · ~£1,950
R3456 Class N15 "Sir Hervis de Revel" BR Lined Green, early emblem 📄 Receipt & box on file	£9587%	Boxed	✓ Paul
R380 Class Schools "Stowe" SR Malachite Green 📄 Box & instructions on file	£12584%	Boxed	✓ Paul
R3988 Class 9F "Evening Star" BR Lined Green 📄 Box on file	£14590%	Boxed	✓ Paul
R3887 Class 66 "Maritime Intermodal Two" DB Cargo Maritime livery	£8591%	Boxed · DCC fitted	✓ Paul
Show 19 more Hornby items ↓
Bachmann · 12 items · ~£1,020
32-700 Class 46 D163 "Leicestershire & Derbyshire Yeomanry" BR Green, small yellow panels 📄 Box on file	£9586%	Boxed	✓ Paul
32-787 Class 37/0 D6714 BR Green, no yellow ends 📄 Box & DCC sound card on file	£8883%	Boxed · DCC sound	✓ Paul
Show 10 more Bachmann items ↓
Dapol · 5 items · ~£380
4D-022-004 Class 68 68014 Chiltern Railways 📄 Box on file	£9588%	Boxed	✓ Paul
4D-022-020 Class 68 "Vigilant" DRS compass blue	£8285%	Box damaged	✓ Paul
Show 3 more Dapol items ↓
Other makers · 7 items · ~£850
Heljan 3400 Class 33/0 33012 BR Blue, weathered 📄 Box on file	£14082%	Boxed	✓ Paul
Oxford Rail OR76J27001 J27 1010 LNER Black	£6879%	Unboxed	✓ Paul
Show 5 more items ↓

How the collection was built INHERIT record

A clear story of how a collection came together protects its value and makes the executor's job simple.

1985 onward · Built up

Collected over 40 years

Began with Southern Railway steam, added BR diesels from the 2000s. Most bought new from Rails of Sheffield and Hattons; receipts kept for the larger pieces.
📄 23 receipts on file
2019 · Catalogued

Listed and photographed for the estate

Each item photographed against its box, condition noted, location recorded as Loft · Shelves 1–5.
June 2026 · Valued

Valued as a complete collection

£4,200 as a set (£3,850 item-by-item + £350 set premium). Documented here for the will and for the executor.

As INHERIT data open standard

A collection is structured, portable data — not locked into MFI. This is what powers the page.

Feature	INHERIT source	What it does here
Collection grouping	asset.collection.members[]	Groups 47 items into one set, by maker
Set valuation	valuation.collection.setPremium	Holds both the item total and the set premium/discount
Disposal choice	bequest.collection.keepTogether	Records "keep together" vs "split", and who to
IHT estate value	tax.iht.estateContribution (E&W)	Adds the £4,200 set value to the estate total
"Sets" rule	tax.iht.associatedItemsSet	Flags that HMRC may value the items as a set

Collection photos

✓

On shelf

✓

Southern run

✓

Diesels

38 of 47 items have their own photos. A wide shot of all five shelves helps a dealer appraise the set.

Who this is left to

Paul Richards

Nephew

✓ Kept together · specific gift in your will

The whole collection passes to Paul as one set. If Paul cannot inherit, it passes to Andrew Richards (substitute gift), who shares his interest. You can change this at any time.

Insurance

PolicyAviva Home · #AV-4471

Listed as a collection✓ Yes

Sum insured£4,500

RenewsSept 2026

This collection & tax

Counts toward your estate+ £4,200

Capital Gains Tax on deathNone

Inheritance Tax: the collection is part of your estate, so its £4,200 value is included in the total used to work out IHT.

"Sets" can be valued together: HMRC may treat associated items as a single set rather than separate pieces — so a collection can be valued (and taxed) as the set value, not the lower item-by-item total. That is why the £4,200 figure is used here, not £3,850.

Capital Gains Tax: model railways are personal chattels (personal possessions), so there is no CGT to pay when they pass on death. Plain English — you do not need to do anything here.

Computed against INHERIT · E&W Tax · reviewed: Stable

Valuation is an estimate based on item values and comparable whole-collection sales, and is not a formal insurance or probate valuation. The set premium reflects what a specialist buyer is likely to pay for the complete collection — a broken-up set may sell for less. Tax figures are a guide computed against the INHERIT E&W Tax module and shown for planning only — they are not tax advice. We will never charge your card automatically.

Built on INHERIT v2

This demo is built on INHERIT v2 — an open standard for describing an estate. We show you honestly which parts of this screen the standard can hold today, which are planned, and which are still gaps.

Supported now1 entriesThe standard already has a place for this today.
Supported now · shared core1 entriesSupported by the part of the standard shared across our brands.
Planned3 entriesA change proposal covers this. Where we can check the standard’s own record, we show its status.
Gap — needs planning0 entriesOn the screen, but no change proposal covers it yet. These still need planning.
Not a standard concept0 entriesPage furniture, or something we decided the standard should not hold.

5 traced entries on this screen, from two overlapping traces

Each entry comes from either the screen’s feature list or the data the screen displays. The two traces overlap, so one feature can appear twice: these are entries, not a count of distinct features.

PlannedItem count
ICP-0001 Port v1 consumer-estate surface into v2 (approved in the standard)ICP-0030 Catalogue item-import adapter (pending in the standard)ICP-0062 Collections & asset disposition
traced from the data this screen displays
PlannedSum of the items, valued one by one
ICP-0001 Port v1 consumer-estate surface into v2 (approved in the standard)ICP-0030 Catalogue item-import adapter (pending in the standard)ICP-0062 Collections & asset disposition
traced from the data this screen displays
PlannedValue as a complete set
ICP-0001 Port v1 consumer-estate surface into v2 (approved in the standard)ICP-0030 Catalogue item-import adapter (pending in the standard)ICP-0062 Collections & asset disposition
traced from the data this screen displays
Supported nowvaluation.light-helper
In the standard as: Transfer · ValuationEvent
traced from the screen’s feature list
Supported now · shared corecatalogue.collection
Shared core: shared-core#catalogue.collection
traced from the screen’s feature list

The 30 change proposals this demo relies on

A change proposal (ICP) is a tracked request to extend the standard. These are the ones behind the “Planned” features across all 32 screens — and the few already adopted and built. Where the standard has a written proposal we show its status from the standard’s own record; where it does not, we say so rather than guess.

ICP-0001 · TT-657 — Port v1 consumer-estate surface into v2 (approved in the standard)
ICP-0002 · TT-658 — IHT 36% reduced charity rate (approved in the standard)
ICP-0006 · TT-663 — Marketplace & dealer model (tracked; no written proposal yet)
ICP-0007 · TT-664 — Valuation lifecycle enrichment (tracked; no written proposal yet)
ICP-0008 · TT-665 — Delegation, stewardship & marketplace integrity (tracked; no written proposal yet)
ICP-0013 · TT-672 — Condition grading (tracked; no written proposal yet)
ICP-0014 · TT-673 — Collector records bundle (tracked; no written proposal yet)
ICP-0015 · TT-674 — Legal-assurance model (pending in the standard)
ICP-0016 · TT-681 — Professional engagement & marketplace data model (approved in the standard)
ICP-0019 · TT-684 — Executor / personal-representative appointment & powers model (pending in the standard)
ICP-0020 · TT-685 — Distribution-logic primitives: survivorship, age-contingent, abatement, cy-près (pending in the standard)
ICP-0021 · TT-686 — Wishes, directives & plan-assessment primitives (pending in the standard)
ICP-0022 · TT-1029 — Post-death estate-administration & will-lifecycle domain (pending in the standard)
ICP-0024 · TT-1031 — Nomination / expression-of-wish — non-testamentary transfer route (pending in the standard)
ICP-0026 · TT-1033 — Free-text→structured multi-entity extraction (pending in the standard)
ICP-0027 · TT-1034 — Living-Monitoring change-event model (pending in the standard)
ICP-0028 · TT-1040 — Couple / mirror-vs-mutual wills modelling (pending in the standard)
ICP-0029 · TT-1068 — Insurance-cover model (pending in the standard)
ICP-0030 · TT-1069 — Catalogue item-import adapter (pending in the standard)
ICP-0033 · TT-1131 — Executor pre-death readiness facet (tracked; no written proposal yet)
ICP-0034 · TT-1132 — E&W IHT spouse exemption (tracked; no written proposal yet)
ICP-0044 · TT-1143 — Steward/authority-grant remuneration facet + paid-helper undue-influence safeguard (tracked; no written proposal yet)
ICP-0045 · TT-1014 — general Media/attachment primitive (tracked; no written proposal yet)
ICP-0046 · TT-1144 — Multi-opinion / consensus valuation shape (tracked; no written proposal yet)
ICP-0047 · TT-1145 — Compute faith fixed-shares (tracked; no written proposal yet)
ICP-0052 · TT-1172 — Funeral & farewell domain (tracked; no written proposal yet)
ICP-0054 · TT-1174 — Asset-side external-registry enrichment (tracked; no written proposal yet)
ICP-0055 · TT-1175 — Asset enrichment facets: maker/external-id (tracked; no written proposal yet)
ICP-0061 · TT-687 — Heir collaboration & asset-claim resolution (tracked; no written proposal yet)
ICP-0062 · TT-688 — Collections & asset disposition (tracked; no written proposal yet)

Checked against a pinned copy of the standard’s change-proposal register (69 proposals, standard at main@f63ca72e116d), and against the standard’s own record of what it has adopted (24 written proposals, 66 computed rules). Sample estate — demo data, no sign-up.