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Pete C. Pete C. is offline
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Default $100 for a old 1/2 HP punch press

Ignoramus9581 wrote:

I am talking about an OBI style punch press, if I am not mistaken,
with a BIG flywheel. It is powered with a 1/2 HP single phase motor. I
would say it weighs 200-300 pounds. This is from a big pile of really
old iron (not yet quite ready for a museum, but almost) from an estate
of a deceased 90 yr old guy. I offered them $100 for it, after two
weeks no one is biting (they wanted to sell the whole shed of that
stuff for 2k, which was crazy). So they are now agreeing to sell to me.

My question is, is $100 a reasonable price. The punch works.

i


Does it have tooling i.e. useful punches? If not do you have the means
to produce your own? Either way, at $100 it sounds like you could sell
it at the scrap iron place for nearly as much if you decide you don't
want it. I don't think many home shops have punch presses, they're a
little specialized for home use.