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Default $100 for a old 1/2 HP punch press

On Sep 23, 5:29 pm, 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


As long as the frame, crankshaft, bearing caps, etc. are in good
operating condition this is a great deal.

I and some friends once had access to a small machine like this
and we thought we might make our fortunes by knocking out
spoons (fishing lures), until we started to price dies.

Follow the strictist safety rules, as others have mentioned.

dennis
in nca