In 1962, British Railways announced that it would scrap Flying Scotsman. Number 60103 ended service with its last scheduled run on 14 January 1963. Proposed to be saved by a group called "Save Our Scotsman", they were unable to raise the required £3,000, the scrap value of the locomotive.

After a national campaign the Flying Scotsman was bought in April 2004 by the National Railway Museum in York, and it is now part of the museum's National Collection.

More Info: en.wikipedia.org