The 470 locomotive was built in 1924 and was designed to pull "The Bar Harbor Express" between Boston and Bangor.
It's the largest survivor of its type in all of New England.
The train has spent the last sixty-two years as a park display and has decayed and rusted.
The New England Steam Corporation wants to restore the locomotive to be used on the Downeast Scenic Railroad.
New England Steam Corporation's President Richard Glueck said the piece of history has value for the future. He said, "to preserve this now while we can, will give a leg-up to future generations - so many of which have never experienced the sounds, excitement, and the smells of a steam locomotive in service."
Glueck said restorations will cost about $100,000. They've raised $16,000 of that goal, so far.
Anyone interested can donate through PayPal on New England Steam Corporation's Facebook page or send a check to PO Box 302, Winterport, Maine 04496.