In 1974, LEGO released 5 Trains 4.5V / 12V sets, all of these sets have been retired. For that year, the total price of all retail sets cost $76, today those sets are valued around $638.
Most valuable 1974 LEGO Trains 4.5V / 12V set
723-2 Diesel Locomotive with DB Sticker $418.84
Largest 1974 LEGO Trains 4.5V / 12V set
725-2 Freight Train Set 425 pieces
5 sets

723-2 Diesel Locomotive with DB Sticker

Theme / Subtheme Trains / 4.5V / 12V
Year 1974
Pieces 98
Availability Retired
723-2 LEGO Trains Diesel Locomotive with DB Sticker
Retail $8.50
Value $418.84
Growth  +4827.5%
Annual growth 8.1%

725-2 Freight Train Set

Theme / Subtheme Trains / 4.5V / 12V
Year 1974
Pieces 425
Availability Retired
725-2 LEGO Freight Train Set
Retail $25.50

741 12 V Transformer

Theme / Subtheme Trains / 4.5V / 12V
Year 1974
Pieces 1
Availability Retired
741 LEGO Trains 12 V Transformer
Retail $19.99
Value $143.58
Growth  +618.3%
Annual growth 5.1%

755 Left and Right Points

Theme / Subtheme Trains / 4.5V / 12V
Year 1974
Pieces 12
Availability Retired
755 LEGO Trains Left and Right Points
Retail $11.99
Value $27.37
Growth  +128.3%
Annual growth 1.6%

756 Electric Crossing

Theme / Subtheme Trains / 4.5V / 12V
Year 1974
Pieces 5
Availability Retired
756 LEGO Trains Electric Crossing
Retail $9.99
Value $47.89
Growth  +379.4%
Annual growth 3.1%