This is a Lionel Trainmaster Type V 150 watt 4 throttle transformer.  It features four adjustable voltage output posts, and is marked "TRAINmaster" and "The Lionel Corporation".  Case is mottled with brown, mostly to bottom half, but there is brown mixed in the top half.  Label has red lettering, some scratching.  Missing both lamps and covers.  Cord may be original, supple, no cracks, replaced cord.  Base is fairly clean with a little bit of rust that should be easy to clean.  Cases have no chips or cracks, no scratches.  One large handle/knob is cracked.  Please view the photos of the items in this lot carefully as they are being sold as they are shown in our photos with NO returns or refunds.