Yes, it is threaded. It may be worn unevenly enough that adjusting it by turning is not feasible. You can replace it since the pin is not that expensive as these things go. It's hardened so turning it down on a lathe is not that easy.
You would also want to check the bolt on the back side of the box that holds the flat plate up against the box.
Re: JD model 60 riding mower steering in reply to donwisc, 07-16-2014 20:11:54
John Deere dealer is the best place to buy the pin and the new gasket. The bearings are probably ok, and everything else adjusts. There is an adjustment for the bearings in the end of the box that takes a really big screwdriver. There is a thread on overhauling the steering box on the weekendfreedommachines website, on the cub cadet website and on Brian Miller's garden tractor pulling website.
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