New in Box.. It looks like it has never been out of the box but it does has some markings on the front (Side) of the caboose that appear to be dirt??. I don't want to take it out of the box so I am guessing.Once again, it doesn't appear to me that it's been out of box - But I will not guarantee that. I have not opened the box. See my other auctions for another Lionel HO Train. Check out my other items ! Email me with any questions. Thank you.