Sheldon
New Member
I do like the outdoors and hunting, I think I may have done the old man the greatest disservice when I told him I'm more partial to bows
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Barrel Lathe used for Gunsmithing, $3500, Rocky Mountain House, AB
- Thread starter JustaDB
- Start date
Sheldon
New Member
I will make a note of bringing them home with me, so I can scan and send them to you, perhaps maybe post them on this forum if that is okay.
Sheldon
New Member
I appreciate the sentiment greatly. It helps gain perspectives I otherwise might never know.
140mower
Don
Sounds like you are going to have to redeem yourself by dragging him out to the shop and getting him to give you a crash course on how they work......I do like the outdoors and hunting, I think I may have done the old man the greatest disservice when I told him I'm more partial to bows
Dabbler
ersatz engineer
@Sheldon I admire your helping your granddad!
Unless something is broken on the lathe it is worth more than 2500$. A lot depends on what comes with it. Locating a steady or follow rest can be time consuming and expensive. if it comes ready with cutters, it adds to teh 'saleability' of it, but not at much added cost, so don't include all the cutters, etc - just a few to demonstrate the lathe. Speaking of which - it is worth a lot more if it can be shown to run under power. if your grandad is capable, to even run it through its paces for a buyer. this adds a lot of value because a buyer can see every function works well.
For more detailed discussion PM me so we can talk on the phone.
Unless something is broken on the lathe it is worth more than 2500$. A lot depends on what comes with it. Locating a steady or follow rest can be time consuming and expensive. if it comes ready with cutters, it adds to teh 'saleability' of it, but not at much added cost, so don't include all the cutters, etc - just a few to demonstrate the lathe. Speaking of which - it is worth a lot more if it can be shown to run under power. if your grandad is capable, to even run it through its paces for a buyer. this adds a lot of value because a buyer can see every function works well.
For more detailed discussion PM me so we can talk on the phone.
Downwindtracker2
Super User
Thanks for mentioning his business name.
Here is a very wordy answer to use for machine pricing. In the mid '80s Lee Valley produced a woodworking magazine , Wood Cuts. One of the articles was on repairing and refurbishing Delta Unisaw, the classic cabinet makers' tablesaw of the time. His suggested price was 1/3 new. At an auction, I cut my bids off there . (I ended up paying $2,200 plus taxes for a new one ) That was my only new machine I have bought., BTW.
Here is a very wordy answer to use for machine pricing. In the mid '80s Lee Valley produced a woodworking magazine , Wood Cuts. One of the articles was on repairing and refurbishing Delta Unisaw, the classic cabinet makers' tablesaw of the time. His suggested price was 1/3 new. At an auction, I cut my bids off there . (I ended up paying $2,200 plus taxes for a new one ) That was my only new machine I have bought., BTW.
I went thru similar with my Dad years ago, it's not easy and takes a of time but you get to spend more time with grandad and that's the bonus.
As to the machines, if you do keep them/one great, they will come in handy when you least expect it and you may find yourself falling into the same rabbit as the rest of here, lol. Adding to what @Dabbler says, if you do sell them clean them up and list/show everything that comes with and the power required. This is where granddad comes in to help find and identify all the parts and pieces. I'll guess there are 3 and 4 jaw chucks, face plates, dog plates and all kinds of stuff you've possibly never heard of. Using the correct terms (3C Collet vice C3 Colit) will give buyers the idea you know what your talking about,
I don't think your price on the SB is out of line unless there is more stuff in which case you could be under valued.
Are there any members in that area willing to give @Sheldon a hand?
All the best.
As to the machines, if you do keep them/one great, they will come in handy when you least expect it and you may find yourself falling into the same rabbit as the rest of here, lol. Adding to what @Dabbler says, if you do sell them clean them up and list/show everything that comes with and the power required. This is where granddad comes in to help find and identify all the parts and pieces. I'll guess there are 3 and 4 jaw chucks, face plates, dog plates and all kinds of stuff you've possibly never heard of. Using the correct terms (3C Collet vice C3 Colit) will give buyers the idea you know what your talking about,
I don't think your price on the SB is out of line unless there is more stuff in which case you could be under valued.
Are there any members in that area willing to give @Sheldon a hand?
All the best.
This is similar to how I think.
It's worth expanding the idea a bit.
I will NEVER pay new prices for used. Warranty, support, parts availability, etc are all worth something.
1/3 of current new is a good starting place. So is 2/3 of original cost. Inflation can't be ignored, but neither can depreciation. Together, these two numbers set a baseline. From there, I adjust for wear, availability of parts, cost to repair, availability and cost of missing parts, functionality vs new today, etc etc.
Risk is another huge monster. Even if the seller knows there is no risk, the buyer can't assume that. There is no universal perfect formula.
Another important factor is timing. Can you afford to wait for the perfect buyer? Priced to sell is a perfectly valid approach. So is waiting for the right deal - on both sides of the equation (buyers and sellers).
Anyway, the 1/3 2/3 guidelines are a good place to start and then adjust for other factors. It's how I think about what I buy and sell.
Last but not least, the market is the market. What I think doesn't really matter if the free market says otherwise. What is machine ABC really selling for today? Not what is being asked, rather what is actually being paid.
Downwindtracker2
Super User
I joke, but it has large amount of truth, "I pay a dime on the dollar, but pay a quarter on the dollar in parts."
Ironman
Ultra Member
I very much appreciate that