I have an antique railroad lantern that has been in the family for 4 generations now. It is made by the company Dietz in NY. It is a kerosene HI LO lantern in good shape with a red glass globe. Could you please give me an approximate of worth on this for insurance purposes? Thanking you in advance. Mary

The going price looks to range around $30.00 for ones with clear glass and considerably more for ones with colored globes. The prices vary greatly when the lanterns have a colored globe. I would suggest setting it's value at $125.00 in order to insure getting enough money to replace it if something were to happen to it. It would be hard to find one like it, but one could be found.

antique railroad lantern Dietz in NY - Google Product Search

eBay - lantern, Railroadiana, Trains, Bicycles items on eBay.com

I agree with Clough, sadly I know you most likely though it would be worth much more. And honestly I think they should, but the market has never supported them at a higher price. There are many things, if you have a photo of perhaps your great gradfather holding or using the lantern, if he was stamped with a railroad name.