Realistic Selling Price?

[tdorr]

HI all... I am just in the process of completing a restoration of a 10ER that was built around mid 1949 based on my research. The plate states that the unit is a 10E however, the serial number is preceeded by ER indicating that it was built during the transition from the 10E to the 10ER at the SanFranciso fabrication facility prior to the Ohio facility expansion. The 10E extension table post and tail stock were replaced with the 10ER pieces either during fabrication or earlier in its ownership.

My restoration effort includes complete disassembly, cleaning and refurbishing of all parts. All reassembly includes waxing of all threaded parts prior to attachment. I micro grind and polish all steel tubing...rails, posts, internal parts, etc. back to original condition. The main and extention tables are reground and polished with paste wax and aligned on the ways. The same approach is taken with the fence and miter gauge. The cast pieces are cleaned and repainted in a hammered finish. In short I spend a couple of hundred hours on the restoration process. This is my third restoration, I use the first one, my nephew received the second last Xmas, and I would like to find a good home for this one. Pictures do not do it justice.

I would welcome input as to what would be a fair value/price to ask for this restored unit. I live in southern Connecticut but would be open to prepping the unit for shipping. Thoughts all!

Tim[/SIZE]

[beeg]

Can ya post a pic of it?
Welcome to the forum.

[JPG]

Not an easy answer!

The only folks who would appreciate the time and effort and devotion to the task are those who have done it.

Those same folks would not be likely to purchase one restored by someone else.

The clueless folks would not have any idea of the amount of effort required, and so would not place a very high value on it.

Truth be told, the amount of time and effort you spent on this(as described by you) will not be justified considering what you might get for it.

The answer will depend upon who(if anyone) is interested.

Good Luck!

IIWM, I would keep and use it.

BTW This is not the place to try to peddle it.

[swampgator]

If I correctly understand your question, you are trying to get a ballpark figure for what it's street/market value would be. I would look on eBay for similar machines in your area as the value differs by area. (If plenty exist, the market may be saturated and the price not much.) Also, look on Craig's List for units in your area to get an idea of price. Also, check the want ads of newspaper and other classified ads circulated in your area. If you see a couple like yours for $500, then you know you may get about that much for yours.

Otherwise, as well stated before, this is not a market outlet, but glad to help you with your research. Would really love to see pix. Saw a beautiful one on eBay for $499. It was black headstock and black trim. Enough of my rambling.

[tdorr]

Folks... 1st, thanks for your initial feedback, and to allay any concerns, I am not looking to sell my Shopsmith through this forum.

In looking to value the unit, I did the restoration for my own benefit and do not expect to get those hours returned to me. I think it is fun to get things back into their original shape, the only exception being my waistline

I can appreciate that holding onto it would be best, however, I am out of room having set up my first restoration unit along with two Mark Vs to handle my shop needs.

I have researched both Craig's List (only one unit is currently being offered in the Northeast) and eBay (uggh). What I find is that asking prices are all over the lot and with the exception of the recent black unit, most units with high prices do not reflect the poor condition of the units as presented in the pics.

As I see it two pricing approaches exist: (a) use an auction approach with a low starting price and let the pics sell the unit, high bidder takes all or (b) list it with a reasonable asking price coupled with a OBO clause to encourage offers. As I mentioned previously, I would like this unit to go to a good home and not be turned around and parted out on eBay.

So the question is: in your experience, which pricing approach best meets the objective of finding a good home for it? Or is there another approach that I should consider since I have to get the unit out of my crowded shop no matter what.

Thanks all for weighing in. Some pics are attached for your viewwing enjoyment.

Tim

[fjimp]

Wow that is beautiful. Tis a shame it is so far a way I would love to see it in person. I have been looking at a few in my part of world. None that nice and none worth the prices being asked. Generally those I have ssen locally were going for $200 or less. Most were missing parts or in horrible non working condition. One I had looked at sold for $50. The fellow was asking $350. I agree with the keeping it yourself sentiment. Jim

[JPG]

First, nice job!

Miter gauge?
Lathe centers?
Lathe tool rest?
Carriage stop rod?
Lathe tools?

Would probably bring higher $ with them.

As for e-bay, fairly low starting bid, reserve price with a OBO would maybe work. Location is an issue. These are for all intents and purposes Local Pickup.

I interpret OBO to mean bids less than reserve will be given consideration. Once the reserve has been attained, the absolute auction is on!

[tdorr]

Thanks!

Miter gauge.... check
Lathe centers and tool rest.... check
Carriage stop crank and rest.... check
No chisels

Good idea on the selling approach... thanks!

Here are a couple more pics of the accessories.

Tim

[backhertz]

A few years ago I got a totally restored 10ER for $150 in Florida. Two years ago, I bought a 10E that had no rust as it was maintained by a machinist who worked at Grumman on Long Island for $80. He passed away & his grandson has no use for it. I bought another for only $50. The market is small. There is a Yahoo Forum for the 10E/ER on Yahoo, I believe. Good luck.

[shipwright]

Lack of a speed changer is a price reducer. Nice work on the restoration. You should post some pics (of all your restorations) here.

Paul M