1860

Railways on the Isle of Wight Mike Hutton https://18xx.guide · v1.2.0

Players	2	3	4
Start cash	£1,000	£670	£500
Cert limit	32	21	16

Bank £10,000. Only cash in players' hands counts against it—company treasuries do not.

StartInitial auction

Six certificates auctioned one at a time: 4 privates plus the IOW and C&N director's shares.
You bid for the right to choose: open £5, raise ≥£5. Passing drops you from that auction only.
The winner pays the bid + face value, then takes any certificate on offer. Director's shares are bid + 2× par.
All pass → the first to pass takes one at face. Can't afford → pay what you can for the cheapest; a director's share pars at 74.
Each auction opens left of the last winner.
Priority deal goes to whoever has most cash, then lowest private face.

SRBuy/sell shares

Sell any, then buy one.
Layers. Only C&N and IOW open at the start. The next layer opens in the SR after a company of the layer above operates, or at once if one sells out of the IPO.
Full capitalization when 50% held by players.
You may own 100% of a company.
The director's share can go to the pool for one pool share, if nobody else holds 2+.
After the first 8+4: no cert limit, and selling stops moving prices.

SRShare price

There is no sold-out rise.
Price drops one place per share sold, only once the company has operated. In the red zones (under 40, over 150) the first share of a sale moves nothing.
A company with no train sells at ½ market, and scores ½.

SRPrivates

Exchange private for its reserved share as a free action once that company has a par. That share sits at the bottom of the IPO and is not buyable until its private closes.
From SR 2, sell to the bank for face − £30; it resells at face.
Privates only close when Fishbourne Ferry sells after the first 6+3.

ORLay track

One large station tile, two yellow track or halt tiles, or one upgrade.
Difficult terrain (▲ or olive) costs £60 in yellow. Red borders are impassable.
Upgrading needs a train that can reach the tile from a token, and must add track you could run or value you could collect.

ORTokens

One token per OR. The home token is free at float, with a home tile if the hex is bare.
Not on another company's home hex unless a slot is spare.

ORRun trains

N+M: up to N large stations plus M small stations or halts. Each unused N slot can be used for a small station or halt.
Stop at every large station on the route; small stations and halts may be skipped. Start and end at a station, never a halt. Ryde Pier counts as large.
Every run includes a large station with your token; one run includes home; each further run meets an earlier one at a station.
No re-entering a hex. One train per turn may cross one tokened-out station.
Halts pay £0 but add £10 each to the treasury.
Before nationalization you need not maximize revenue.

ORPay dividends

Withhold ←1 · pay < price 0 · ≥1× →1 · ≥2× →2 · ≥3× →3 · ≥4× →4
Each space is a step along the same tier, unlike a sale, which moves a place and changes tier.

ORBuy trains

Buy between companies at any agreed multiple of £10, at least £10.
You may not sell a company's only train to one that already has a train.
Over the limit after a phase change: return extras at the start of your next turn, no refund.
Directors never pay for trains. No forced purchase, no player bankruptcy.

Trouble

Insolvent when trainless at the end of your turn, with a valid route. Must withhold; no tokens, no paid track, no upgrades. Buy as soon as you can.
If unable to buy a train, leases the smallest bank train: it counts N only and earns £40, plus £20 per station or halt. Leasing never changes phase.
In receivership without director. No track, no tokens; runs for maximum and retains; buys only if trainless. The first player to 2 shares takes the director's certificate.

Bankruptcy

Company bankruptcy at price 0—by selling, or paying nothing at 7 or 14. Shares go back to the IPO; its tokens flip.
In an SR that ends the round mid-turn and a new one starts—so a company just sold is buyable again. In an OR the set finishes first. Priority → fewest shares, privates aside.
Refloat: take the director's share from the IPO at a new par, 40 to the company's maximum. At 50% it floats with its kept treasury, trains, and tokens—plus 10× par—and counts as operated.

ENDEndgame

First 9+5 → the Southern Railway. From the next SR: no track, no tokens.
Nationalization at the end of any round where every company with a director has a train. Then ORs only, an unlimited bank, trains from the bank alone.
After it: maximum revenue is compulsory, trains count N stops total (max 9), dividends must be paid. After each OR the two lowest payers close—ties all close, receiverships first. The last one or two run once more.
Also ends at 340 (end of that OR), or when the bank breaks (end of that OR; in an SR, end of the next).
Score: cash + privates at face + shares at market, halved if trainless.

Trains
Train	#	Cost	OR/SR	Limit	Scraps	Brings
2+1	5	£250	1	4		Yellow
3+2	4	£300	2	·		Green
4+2	3	£350	·	3	2+1
5+3	2	£400	3	·		Russet
6+3	·	£500	·	2	3+2	Ferry
7+4	1	£600	·	·	4+2
8+4	1	£700	·	·	5+3	No cert limit
9+5	∞	£800	·	·		Southern

Privates
Private	Face	Pays	Exchange
Brading Harbour	£30	£5	BHI&R
Yarmouth Harbour	£50	£10	FYN
Cowes Marina	£90	£20	C&N
Ryde Pier & Shipping	£130	£30	IOW
Fishbourne Ferry	£200	£25

Companies
Layer	Company	Home		Tokens	Par options	Destinations (Variant)				Bonus
1	C&N	F2	Cowes	4	74 · 82 · 90 · 100	G5	Newport	I3	Ryde Esplanade	£50
1	IOW	I3	Ryde Esplanade	4	74 · 82 · 90 · 100	I11	Ventnor			£100
2	IWNJ	G7	Merstone	3	62 · 68 · 74 · 82	G5	Shide	J8	Sandown	£100
2	FYN	B4	Yarmouth	3	62 · 68 · 74 · 82	G5	Newport			£200
3	NGStL	G9	Godshill	2	58 · 62 · 68	G5	Newport	I11	Ventnor	£100
3	BHI&R	L6	Bembridge	2	58 · 62 · 68	J6	Brading	I3	Ryde Esplanade	£100
4	S&C	F12	Chale	2	54 · 58 · 62	I9	Shanklin			£200
4	VY&SC	E9	Shorwell	2	54 · 58 · 62	I11	Ventnor	B6	Freshwater	£100

1860

Tile manifest 139 tiles · ×N = count in box

Halt—£0, +£10 subsidy

Yellow from the start · 47 tiles

#5 ×2

#6 ×2

#7 ×2

#8 ×4

#9 ×4

#57 ×2

#115 ×2

#741 ×5

#742 ×10

#743 ×7

#744 ×2

#745 ×2

#746 ×2

#787 ×1

Green from the first 3+2 · 56 tiles

#12 ×2

#16 ×2

#17 ×2

#18 ×2

#19 ×2

#20 ×2

#21 ×1

#22 ×1

#205 ×1

#206 ×1

#625 ×1

#626 ×1

#747 ×3

#748 ×3

#749 ×2

#750 ×3

#751 ×3

#752 ×3

#753 ×3

#754 ×2

#755 ×2

#756 ×2

#757 ×2

#758 ×1

#759 ×3

#760 ×1

#761 ×1

#762 ×2

#763 ×1

#788 ×1

Russet from the first 5+3 · 36 tiles

#764 ×2

#765 ×2

#766 ×2

#767 ×2

#768 ×2

#769 ×2

#770 ×2 1 on the original map

#771 ×2

#772 ×2

#773 ×1

#774 ×1

#775 ×1

#776 ×3 2 on the original map

#777 ×2

#778 ×1

#779 ×1

#780 ×1

#781 ×1

#782 ×1

#783 ×1

#784 ×1

#785 ×1

#786 ×1

#789 ×1