looking for help pricing a Mark VII to sell

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azcoot87
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looking for help pricing a Mark VII to sell

Post by azcoot87 »

I have a Shopsmith Mark VII that we inherited from my mom's husband. We're trying to clear out my mom's garage within a couple of weeks so we can list the house and looking to sell the Mark VII. Can anyone tell from the pictures what might be a fair asking price or a good place to start? The serial number is 407433. We have the "Shaper Fence" in the original case with paperwork. We also have the Shopsmith Mark VII owner's manual Copyright 1963, Shopsmith Mark VII parts manual Copyright 1965 and Magna American Corporation Accessories prices effective July 1, 1965. We couldn't find the key and was lucky enough to obtain one on here. It runs in forward well, but only hums when we switch to reverse. I was told that it's a switch that needs tweaking. It was mentioned about missing a drill chuck, we have since come across a bunch of Jacobs chucks and keys. I do have 2 people who have inquired, just not sure what to price it at.

Thanks,
Mike
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Shaper Fence Item No. 505508 with case.jpg
Shaper Fence Item No. 505508 with case.jpg (118.37 KiB) Viewed 1271 times
Shaper Fence Item No. 505508 with case2.jpg
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Shopsmith Mark VII-18.jpg
Shopsmith Mark VII-18.jpg (100.37 KiB) Viewed 1271 times
Shopsmith Mark VII-20.jpg
Shopsmith Mark VII-20.jpg (142.22 KiB) Viewed 1271 times
Shopsmith Mark VII-23.jpg
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Shopsmith Mark VII-32.jpg
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JPG
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Re: looking for help pricing a Mark VII to sell

Post by JPG »

For starters it is missing some stuff.

It is a "project" machine.

Needs to go to someone willing to make it fully functional.

If you have 'inquiries' feel them out re what THEY are willing to pay.

Your first priority is to get it out of the garage.

Second priority is to get it to a good home.

Third priority is the $ factor.

JMHO

P.S. What is in the 'grip"?
╔═══╗
╟JPG ╢
╚═══╝

Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10
E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
edma194
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Re: looking for help pricing a Mark VII to sell

Post by edma194 »

Where are you located?
Ed from Rhode Island

510 PowerPro Double Tilt:Greenie PowerPro Drill Press:500 Sanding Shorty w/Belt&Strip Sanders
Super Sawsmith 2000:Scroll Saw w/Stand:Joint-Matic:Power Station:Power Stand:Bandsaw:Joiner:Jigsaw
1961 Goldie:1960 Sawsmith RAS:10ER
azcoot87
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Re: looking for help pricing a Mark VII to sell

Post by azcoot87 »

Iowa.
edma194 wrote: Tue Sep 19, 2023 4:00 pm Where are you located?
azcoot87
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Posts: 14
Joined: Mon Jul 03, 2023 5:33 pm

Re: looking for help pricing a Mark VII to sell

Post by azcoot87 »

I figured it's missing some things. Anything specific you can point out? Hoping we can find a few of the missing items this weekend. Going to see if we can tweak the switch as you mentioned.

The one person who inquired wants me to come up with a price. I asked him what he would offer, but no go. Apparently he has another "project". He mentioned, "I have one as well and trying to rebuild it if you could try and get a pic of the serial number....thank God you have the key mine needs one and know what to go through..lol..." When I asked what he was thinking on price, he answered with "Don't want to low ball ya". So, I told him I'd do some thinking and reach out to some people who know way more than I do....aka this forum!

Yes, I want to get it out of the garage, but I really do want it to go to someone who will appreciate it, fix it up and use it. Wish there was someone in this forum in the area (Iowa) looking for one. Thanks for your opinion!

What is the "grip" you're referring to?
JPG wrote: Tue Sep 19, 2023 1:14 pm For starters it is missing some stuff.

It is a "project" machine.

Needs to go to someone willing to make it fully functional.

If you have 'inquiries' feel them out re what THEY are willing to pay.

Your first priority is to get it out of the garage.

Second priority is to get it to a good home.

Third priority is the $ factor.

JMHO

P.S. What is in the 'grip"?
edma194
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Re: looking for help pricing a Mark VII to sell

Post by edma194 »

azcoot87 wrote: Tue Sep 19, 2023 4:46 pm Iowa.
Sorry, too far for me. I want a Mark VII, but you're around 1200 miles away.
Ed from Rhode Island

510 PowerPro Double Tilt:Greenie PowerPro Drill Press:500 Sanding Shorty w/Belt&Strip Sanders
Super Sawsmith 2000:Scroll Saw w/Stand:Joint-Matic:Power Station:Power Stand:Bandsaw:Joiner:Jigsaw
1961 Goldie:1960 Sawsmith RAS:10ER
azcoot87
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Posts: 14
Joined: Mon Jul 03, 2023 5:33 pm

Re: looking for help pricing a Mark VII to sell

Post by azcoot87 »

Well, dang it anyhow. That is a loooong trip! Hope you find one closer.
edma194 wrote: Tue Sep 19, 2023 6:12 pm
azcoot87 wrote: Tue Sep 19, 2023 4:46 pm Iowa.
Sorry, too far for me. I want a Mark VII, but you're around 1200 miles away.
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JPG
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Re: looking for help pricing a Mark VII to sell

Post by JPG »

Grip ==== thingie with a handle(grio) sitting on the way tubes. -- never mind 1st pix reveals contents.

Missing aux/main table extension, various logo/medallions, vertical stop bolts.
╔═══╗
╟JPG ╢
╚═══╝

Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10
E[/size](SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange
lahola1
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Re: looking for help pricing a Mark VII to sell

Post by lahola1 »

Looks like the plastic speed adj cam is good. That's a plus. I don't see the rip fence. That would be a minus because only a mark VII fence fits on a Mark VII. Make sure you look for that. I would collect any parts that look like it should be with the Shopsmith. Take it out and clean it up a bit.
It's hard on the motor to start at or near hi speed so put a glove on and turn the blade by hand (with elec cord unplugged) and turn the speed dial down at the same time to slow or near slow. Lube up the sheaves a bit.

I have a Mark VII also and I would say yours cleaned up a bit and with the important parts (look for that rip fence!) is worth $200-$300.
SS Mark VII(sn 405025), SSband saw, SS 4" jointer, Older SS Mark V w/DC treadmill motor,
Smithy SuperShop 720, Powerkraft RAS,Craftsman RAS, Ridgid TS2412 Table Saw,
Delta 12" planer
thunderbirdbat
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Re: looking for help pricing a Mark VII to sell

Post by thunderbirdbat »

Also look at Craigslist and Facebook Market Place for Shopsmith and Shop Smith, both spellings, to see what the average price is in your area. Prices vary a lot depending on what is available and how many accessories come with the machine. Just in the Cedar Rapids area of Iowa there are a couple of 510 machines for sale with band saws, one is listed for $400 and the other for $1200. There is also a 10ER for sale listed at $650.
Brenda

1998 510 upgraded to a 520, upgraded to power pro with double tilt and lift assist.
1998 bandsaw
2016 beltsander
jointer
overarm pin router
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