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Barrel Lathe used for Gunsmithing, $3500, Rocky Mountain House, AB

@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.
 
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.
 
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.
 
Downwindtracker2 said:
His suggested price was 1/3 new. At an auction, I cut my bids off there .
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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.
 
Hearing that it is running and just needs some TLC the price seems much more reasonable. I bought a 12x36 about a year ago, and paid $3200. Came with a fair bit of tooling and accessories. I don't think it is quite as nice as the one you are selling - at least as far as included functions. Seems about the same condition as far as looks.

I hear what you're saying as far as being taken advantage of, that bothers me too - either way. I want a fair deal. I don't want to rip someone off if they have underpriced an item because they don't know what it is worth. I have paid higher than asking a couple of times when this was the case. But I also don't like to be ripped off by someone who misrepresents an item and I miss the warning signs. The best deal is when both buyer and seller are happy enough but not ecstatic. On the other hand, if someone knows what it's worth and just wants to blow it out, I love a great deal!
 
Tomc938 said:
Hearing that it is running and just needs some TLC the price seems much more reasonable. I bought a 12x36 about a year ago, and paid $3200. Came with a fair bit of tooling and accessories. I don't think it is quite as nice as the one you are selling - at least as far as included functions. Seems about the same condition as far as looks.

I hear what you're saying as far as being taken advantage of, that bothers me too - either way. I want a fair deal. I don't want to rip someone off if they have underpriced an item because they don't know what it is worth. I have paid higher than asking a couple of times when this was the case. But I also don't like to be ripped off by someone who misrepresents an item and I miss the warning signs. The best deal is when both buyer and seller are happy enough but not ecstatic. On the other hand, if someone knows what it's worth and just wants to blow it out, I love a great deal!
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I think that is very valid, and alot of what it comes down to now is, time and my own willingness to learn the proper value of this lathe before selling it.
 
Dabbler said:
In addition, hobbymachinist.com also maintains an archive of manuals, I can put copies there if you wish. it isn't vintagemachinery.org, but we are trying to develop a better library.
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So Have 3 copies of the "Kirloskar Western Lathe - Instruction & Spare Parts Manuals" and a Spare Parts Booklet. I can scan them if you'd like and digitally organize them and email them too you. If you need it in a certain format, I can definitely do that as well. :)
 
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