1824 Rules 2.

11 - What ends a share dealing

round?
5.2 - Can you lay two tiles in a turn?
No (page 11, VII.7 errata: “one yellow tile”).
Difference List Each player consecutively not making a
purchase or a sale (all pass). The priority
5.3 - Must a tile replacement extend
(2019 Fox In The Box version) existing track?
then goes to the player after the one who This is a much-argued point, so references
Source Material:
last made a purchase or a sale. are included. A general principle of all
http://fwtwr.com/18xx/rules_difference_list/
2.12 - Can a player sell private 18xx games is that an upgrade may never
Compiled By: companies to another player? destroy existing track. This is to be
Paul Cornelissen (BGG: Largo68), v1.1 This is covered in Item 10.1, which is assumed in everything written below.
1 - First Share Dealing Round essentially the same question put a Permissive (Some of the track on the newly-
1.1 - How much cash do players start different way. laid tile must be reachable from one of the
with? For other questions about private laying company's station markers by an
3 4 5 6 companies, see Section 10. arbitrarily large train).
820 680 560 460 3 - Company Flotation 5.4 - Do villages upgrade?
3.1 - Do you lay the base station token Single villages upgrade staying as villages,
1.2 - Does the price of a private
immediately upon floating? but acquiring more connections. Double
company drop by 5 for no sale in the
This item has more than a few similarities villages do not upgrade.
first round?
to Item 6.4. 6 - Station Markers
No.
No. 6.1 - Cost of station markers
1.3 - Can you sell company shares in the
first round? 3.2 - How many shares must be sold for 0 for home stations, 40, 100.
a company to float? 6.2 - Can you lay more than one station
No, a company's shares may only be sold
once it has operated. 50% for Regional railways, and 20% for marker per turn?
Staatsbahnen. This does not include the token in the
1.4 - Can you make advance bids?
3.3 - Does a company get full company's starting hex: you may usually
No.
capitalization upon floating? lay one in addition to this.
2 - Subsequent Share Dealing Rounds
Regional Railways with associated Coal No.
2.1 - Is there a specific order to buying Railways get 8x the share price. Regional 6.3 - Where can you lay a station
and selling on your turn? Railways without associated Coal Railways marker?
Sell then buy. get full capitalization. The newly-laid station marker must be
2.2 - Are you limited to buying one 3.4 - How is a share company's initial reachable from one of the laying company's
certificate on your turn? (par) price determined? existing station markers by an arbitrarily
Yes. For Regional Railways with associated Coal large train.
2.3 - When can you first sell shares in a Railways, the price is set by the purchase 6.4 - When is a company's first station
company? price of the Coal Railway. For Regional marker laid?
After it has operated. Railways without an associated Coal Railway, When it first operates.
2.4 - Does the bank pool have a per- the price is set by the player who purchases 7 - Trains Run
company share limit? the Director's certificates. In both cases, they
7.1 - Can you run into a city completely
50%, but note that there is no separate bank choose a value from a range of predefined
filled by rival station markers?
pool. After shares are sold to the bank, they prices.
Yes.
are treated the same as new shares. 4 - Operations
7.2 - Can you do a run that passes
2.5 - What are the player certificate 4.1 - In what order do companies
through a city completely filled by rival
limits? operate?
station markers?
3 4 5 6 Mountain Railways, Coal Railways, pre-
No.
Staatsbahnen, then major companies in
21 16 13 11 dynamic share price order. By dynamic, this 7.3 - Any unusual rules about running?
2.6 - What are the player certificate means that each time a company finishes Only G (goods) trains can visit coal mines,
limits for shares in one company? operating, you look at the current stock price which act as a terminus. The number on
Normally 60%. This can be exceeded, up to chart to see who is next. The highest value these train cards is the number of cities that
100%, due to exchanges with Mountain company that has not operated operates the train may travel through. These trains
Railways or Coal Railways. For the Cisleith- next. If two companies occupy the same may include any number of villages in their
ania 2-player variant, shares bought from the space, the company with a token on top route. Income from coal mines is paid to the
bank pool may exceed the 60% limit. operates next. If two companies have the company treasury.
2.7 - Does the stock price drop when same value but are in different spaces, the 7.4 - Can one train run to two stations
stock is sold? company with a token furthest to the right on the same tile?
Yes, 1 row per block. operates next. It may be worth pointing out that off-
2.8 - Does the stock price go up at the 4.2 - If you sell shares so that their board areas are generally considered to
end of the share dealing round for a tokens end up in one stack, what order be single destinations even when there
fully-held corporation? are they stacked in? are multiple entry points to an area and
New arrivals are placed below existing when off-board areas consist of more than
Yes.
tokens. one hex. 18PA would appear to be the
2.9 - Can you buy a certificate and only game that allows you to run to two
immediately sell a certificate in the 5 - Tile Lays
entry points of the same off-board area
same company? 5.1 - Where can you make an initial tile
with a single train.
No. All selling precedes all buying. lay?
You may not run to two large stations on the
2.10 - Can companies buy shares? i.e. What are the conditions for laying a
same tile. Small stations are not restricted.
tile (not necessarily a yellow one) onto a
No. 7.5 - Is double-heading allowed?
previously untiled hex (references are
included)? No.
As for 1830. (rule VII.6)
7.6 - Any special rules about villages? 9.4 - When a company is forced to buy a 12 - Game Phases
[By villages this means the places which train and cannot buy one with its own Tr Ph Effects
are shown on maps as small black means, what train may it then buy?
‒ 1 Yellow tiles; 1 OR; 2 trains ok
rectangles or filled circles. The word city is Any available train from the bank or from
only used for places with one or more another company. 1g trains ok; a normal train is sold
2 2
circles for the placement of station 9.5 - Must a minor company buy a train abroad at the end of each OR
markers. This avoids the ambiguities if it does not have one? Green tiles; 2 ORs; 2g trains ok;
found in some rule sets.] Usually. Minor companies in 1824 are the Mountain and Coal railways may
3 3
In 1830 and some other games, villages Coal Railways and the pre-Staatsbahnen be exchanged; companies may
are a nuisance. They count towards the companies. However, if a Coal Railway has to buy trains from each other
station count of a train, but add little to buy a train but no G train is available from 2 trains rust; 3g trains ok (which
revenue. In such games it is almost the bank, the Coal Railway does not need to rust 1g trains); Mountain railways
always better to build a line through an buy a train. are closed; train limit 3 for
empty field than through a village, if other 4 4
9.6 - Can trains of the final type be Regional railways, 4 for
things are equal and diesels are not in purchased as soon as one train of the Staatsbahnen; Suedbahn founded
operation. While this is not a problem for next-to-last type is purchased? at the end of current OR
game play, some people feel that it makes No. Brown tiles, Coal railways are
an unsatisfactory simulation. This may be
9.7 - Can a company buy more than one 5 5 closed, Ungarische Staatsbahn
why various authors have found various
train from the bank per OR? founded at the end of current OR
ways of changing it.
Yes. 3 trains rust; 4g trains ok (which
No special rules.
10 - Private Companies rust 2g trains); 3 ORs; train limit
7.7 - Must the maximum possible
10.1 - Are private companies 6 6 2 for Regional Railways, 3 for the
revenue be claimed?
purchasable between players? Staatsbahnen; k&k Staatsbahn
The answers in this section are based on founded at the end of current OR
statements in the rules about whether the No (referring to Mountain Railways).
maximum possible revenue must be 10.2 - Are private companies Grey tiles; 4 trains rust; 5g trains
8 7
declared, which in some rules is referred purchasable by share companies? ok (which rust 3g trains)
to as making the best possible use of a No (referring to Mountain Railways). 10 8 5 trains rust
company's trains. Unless otherwise stated, 10.3 - Does a private company prevent 13 - End of Game
any player may demonstrate a better builds in its home hex(es) while it is 13.1 - Game ends immediately with a
revenue total than that proposed by the owned by a player? bankruptcy?
Director/President, which must then be No (referring to Mountain Railways).
taken. As only those people playing the No. The player goes into debt instead.
10.4 - Does using a private company's 13.2 - What happens if the bank runs
game should be bound by the rules, it is special property close it?
up to individual groups of players to out of money during an operating
Yes (referring to ability to exchange Mountain round?
decide whether non-playing observers
Railways for a share in one of the Regional Game ends when the current set of operating
should be entitled to do the same.
Railways). rounds is completed.
Yes.
10.5 - When do private companies 13.3 - What happens when stock first
8 - Payment of Earnings close?
8.1 - Does stock move right for payment hits the top end of the market?
When exchanged for a share in one of the Nothing.
of dividends? Regional Railways (referring to Mountain
Yes. 13.4 - What happens if the bank runs
Railways).
8.2 - What dividend payments go into out of money during a stock round?
10.6 - Can you buy and sell private
the company's treasury? Complete the next set of operating rounds.
companies in other ways?
None. 14 - Secrecy
No.
8.3 - Does stock move left for withheld 14.1 - Is a player's cash secret or open
11 - Presidency of a Share Company
earnings? for inspection?
11.1 - Can the Director's certificate ever
Yes. Open.
be in the bank pool?
8.4 - Can a company make a partial 14.2 - Is a company's cash secret or
No. Note that there is no bank pool as such,
payout? open for inspection?
so this refers to the bank in general.
Pre-Staatsbahnen companies pay half their Open.
11.2 - Can you exchange the President's
income to their owners and half to their certificate for regular shares from 14.3 - Is the cash involved in
treasury. another player when you sell shares to transactions secret, or must it be made
9 - Purchasing Trains the bank pool? public?
9.1 - Can companies buy trains from Yes. Note that there is no bank pool as such, Public.
one another? so this refers to the bank in general. 14.4 - Is the cash in the bank secret, or
Yes, once a 3 train has been purchased, 11.3 - After a sale of shares forces a must it be made public?
minimum price 1 if both companies have the change in Presidency, who gets it in Public.
same Director, face value otherwise. case of a tie? 15 - Inventories
9.2 - Must a major share company buy a Next qualifying player on the seller's left. 15.1 - Total cash in game:
train if it does not have one? 12,000.
Yes. 15.2 - Trains available:
9.3 - Can trains be sold back to the 9 2s, 7 3s, 4 4s, 3 5s, 3 6s, 2 8s, unlimited
bank? 10s, also 6 1Gs, 5 2Gs, 4 3Gs, 3 4Gs, 2 5Gs.
No, but one train per company per round can 15.3 - Tiles available:
be traded in at 50% of face value for the See page 24 of the rules.
next most powerful type. Traded in trains are 15.4 - Other items in limited supply:
removed from the game.
None.
 16 - Miscellaneous Points
• Coal Railways can be exchanged for the
Director's certificate in one of the Regional
Railways. Mountain Railways can be
exchanged for a 10% shares in one of the
Regional Railways.
• After the first 2 train has been bought, at
the end of that operating round and at the
end of each subsequent SET of operating
rounds, the bank sells one of its currently
available 'normal' (non-goods) trains
abroad. This train is removed from the
game. This sale can trigger a phase
change. No new money comes into the
game as a result of these sales.
• This version of the game includes three
variants, the Cisleithania (2-player
variant), a 3-player game on the
Cisleithania map, and the Goods Time
variant for 3-6 players.