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Many collectors and operators view 1957 as the final year Lionel produced high-quality trains and accessories. New items for the year included the 3444 animated gondola, 746 N & W Northern steamer, 2373 Canadian Pacific F-3 and 2379 Rio Grande F-3 with a matching 6657 Rio Grande caboose.

On the opposite side of high-quality, realistic trains, Lionel introduced the plastic AAR truck, the pink "Lady Lionel" set and a redesigned, low-cost Alco diesel.

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