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Right now, the largest commercially available train is the Lego City Cargo Train, Set 60052. It comes in at about 887 pieces. There are 30 rail pieces in this kit. Extra rail pieces are also commercially available through Lego. The 7898-1 cargo train would come in second as far as piece count. Same amount of track as the 60052.
This would be a Crane Bucket - Complete Assembly (Top, Jaws, Spring). It could have come from any of 29 sets from 1974 to 2012.
The most valued sets, when not using price as a criterion, will vary from collector to collector, based on their interests. In my experience doing LEGO Customer Service, collectors of all ages tended to focus on particular themes. While the Ultimate Collector's Edition Millennium Falcon may be the most prized jewel to a Star Wars collector, it may have ...
Apart from those mentioned by Joe, there are several larger sets in the Advanced Models category. They are not powered out of the box, but can be motorized. These are: 10233-1: Horizon Express 1351 pieces 10219: Maersk Train 1237 pcs 10194: Emerald Night 1085 pcs 10183: Hobby Trains 1080 pcs (This is actually for the previous train system, that used ...
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