Suggestions for Selling Shopsmith and Accessories?

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Ed in Tampa
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Post by Ed in Tampa »

dusty wrote:That selling price is very much effected by where you are. There are no $500 deals like that here.

Bandsaw, Jointer, Miter 5000 and a 6 year old Mark V.
SDSSmith wrote:I think Ed from Tampa has been inhaling some very volatile sticky stuff. Or, I have to move to Florida and pick up on some of those "deals".
Okay what should someone expect to get for this setup?
I figure the going rate is about 1/8 purchase price. SDSSMITH you name the price that you are willing to pay.
Ed in Tampa
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jcraigie
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Post by jcraigie »

I bought a greenie today (pick it up on Wednesday) for $50. It has not been used in 30 years and needs "some" TLC.

I see setups like hers on craigslist for about $800 - $1000 with one or two attachments so add another $150- $200 for another attachment. $500 for that setup is a steal (in Michigan anyways).

If your within a drive of Michigan let me know, I'm in the market for a bandsaw.
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SDSSmith
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Post by SDSSmith »

Ed in Tampa wrote:Okay what should someone expect to get for this setup?
I figure the going rate is about 1/8 purchase price. SDSSMITH you name the price that you are willing to pay.
The price that I am willing to pay is generally less than what am I am willing to sell for. If I bought the equipment, I would expect to sell the bandsaw, jointer, biscuit joiner and dust collector for more than the asking price. We don't know if the Mark V is a 505, 510 or 520. So assuming little or no use and excellent condition, I would hope to sell the Mark V from between $600 to $1500, depending upon the model. But then again, I will ship the equipment (even to foreign countries). People who part the machines out probably get more.

I would keep the Miter 5000 for myself.;)

What is it worth? It is worth what someone else is willing to pay for it. Now back to the glue.:D
Rob in San Diego
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jdramsey
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Post by jdramsey »

Try taking some woodworking classes from your local community college, or Woodcraft, or a local woodworking school. It will give you a little knowledge and confidence that you can transfer to working with a Shopsmith.
Jim Ramsey
Lakewood, CA


"When people find out that my hobby is woodworking, they often ask what do I do with it. I tell them that I am very good at making sawdust and expensive firewood."
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Ed in Tampa
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Post by Ed in Tampa »

[quote="SDSSmith"]The price that I am willing to pay is generally less than what am I am willing to sell for. If I bought the equipment, I would expect to sell the bandsaw, jointer, biscuit joiner and dust collector for more than the asking price. We don't know if the Mark V is a 505, 510 or 520. So assuming little or no use and excellent condition, I would hope to sell the Mark V from between $600 to $1500, depending upon the model. But then again, I will ship the equipment (even to foreign countries). People who part the machines out probably get more.

I would keep the Miter 5000 for myself.]

Now you sound like a antique dealer, it is worth millions when they have it want to sell to you but it is only worth pennies when I have it and want to sell it to them. :D
Ed in Tampa
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dusty
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Post by dusty »

Ed in Tampa wrote:Now you sound like a antique dealer, it is worth millions when they have it want to sell to you but it is only worth pennies when I have it and want to sell it to them. :D
I think this process is known as "capitalism". As the buyer, you get to set the selling price. If you are unable to get the price you want - don't buy! It is the same as going to work for wages - if they won't pay you what you think you are worth, don't take the job! The beauty here is that if you have it put to you, you did it to yourself.
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jmoore65
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Post by jmoore65 »

bdnightingale wrote:I purchased my Shopsmith 50th Golden Anniversary Edition new in 2004 with high hopes of doing woodworking. My husband won't help me. Have used it less than 10 times.

Some accessories: Band Saw, Jointer (still in box), Miter 5000 (still in box), Lathe, new Biscuit maker, dust collection system.

Can anyone offer some suggestions how to sell these accessories and the Shopsmith?

Thanks.

Barbara
You've got a nice intro level woodworking toolset. If you are still interested in getting started, we can help you. There are some great videos on the ShopSmith Academy - especially the setup and alignment videos.

If you need help - you can take pictures with a digital camera and upload them to the forum. Often, a picture makes explaing a problem - and solution much easier.

Anyhow - if you would like to get started, please let us know and we'll help out.

Jim
Jim
510 upgraded to 520, bandsaw, Homecraft jointer, universal lathe rest, Craftsman tablesaw w/Delta fence, standalone belt/disc sander, power miter saw, a bunch of smaller stuff
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Ed in Tampa
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Post by Ed in Tampa »

dusty wrote:I think this process is known as "capitalism". As the buyer, you get to set the selling price. If you are unable to get the price you want - don't buy! It is the same as going to work for wages - if they won't pay you what you think you are worth, don't take the job! The beauty here is that if you have it put to you, you did it to yourself.
Dusty
You are right that is the definition of capitalism with an important element left out. Honesty or integrity. The capitalism this country was founded on incorporated honesty/integrity so prices were set not by what the buyer thought he could swindle out of a person but instead by what he honestly felt it was worth. Our country's present financial situation is the result of capitalism without the elements of honesty and integrity.

This woman asked a question and I believe at the going rate of used SS equipment her best chance to get closest to what she paid for the equipment would be to donate it to charity and take the tax deduction. I don't believe anyone on this forum would be willing to pay her more than 1/8 to possibly 1/4 of what she paid for it so I think that is what she should be told. There is no point in setting unrealistic expectations.
Ed in Tampa
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SDSSmith
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Post by SDSSmith »

Ed in Tampa wrote:Dusty
You are right that is the definition of capitalism with an important element left out. Honesty or integrity. The capitalism this country was founded on incorporated honesty/integrity so prices were set not by what the buyer thought he could swindle out of a person but instead by what he honestly felt it was worth. Our country's present financial situation is the result of capitalism without the elements of honesty and integrity.

This woman asked a question and I believe at the going rate of used SS equipment her best chance to get closest to what she paid for the equipment would be to donate it to charity and take the tax deduction. I don't believe anyone on this forum would be willing to pay her more than 1/8 to possibly 1/4 of what she paid for it so I think that is what she should be told. There is no point in setting unrealistic expectations.
How do you establish the value of the donation for tax purposes, Ed? Always thought it was based on the value of the item on the used market.:cool:
Rob in San Diego
Email: SDSSmith51 AT gmail.com
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anmius
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Post by anmius »

I believe the IRS code specifies either the market price or cost, which ever is higher. So yes, it would be what ever the documented price is on the used market.
________________________________________________________________________________________________
1981 Mark V 500, bandsaw, belt sander, jig saw, jointer; contractor's table saw; multiple circular saws and miter saws; and a trailer full of tools.

"It is better to remain silent and thought a fool than to speak out and remove all doubt"
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