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Was $5,000 Too Much For A 1967 Oliver 1950?

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1206SWMO

11-05-2000 16:31:37




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Back in the early 70's we had a 1966 Oliver 1950 RC that we farmed with and tractor pulled some.We got rid of it in 1973 and I always said I'd own another one some day.Years ago I knew of (17) 1950's within 100 miles of us.Over the years alot of them dissapeared and the ones that are left wernt for sale.So,I learned of a nice 1967 Oliver 1950 RC #195001 that was to sell at a farm sale in St Charles,MO on Labor day.It was painted up,ran good ,had dual 18.4 x 38's,etc.Two brothers had owned it since 1968.I got it bought for $5,000 which was right at my limit.I got it home and used it to disk 160 acres this fall pulling a 21ft Krause disk.It did a fine job in 4th gear but it was real hot down here then and it ran almost on the red and the oil pressure dropped to 32lbs but never went lower.Everything works great on this tractor including the hydra-power.The 4-53 was overhauled 500 hours ago.When I tell people I paid $5,000 for it I can tell some think it was too high.What are nice 1950's selling for elsewhere?I had to disk 4 hours one day with a straight pipe on like we used to do back in the 70's.I plan to pull it some if they will start having classes for it around here.Driving a 1950 again brought back alot of nice memories.I'm a part time farmer on 354 acres all tillable using (2) 1206 IH's and the 1950 Oliver.

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MCL in IN

11-06-2000 17:46:32




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 Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to 1206SWMO, 11-05-2000 16:31:37  
Public opinion is you did O.K. Lucky some machinery jockey didn't run it up even higher. That happens a lot where I'm from. I would give that for a tractor like you describe if I had it to give.



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Cowboy Bill Watts

11-06-2000 09:12:06




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 Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to 1206SWMO, 11-05-2000 16:31:37  
Do you like the tractor?? does it meet your needs?? was its condition accurately represented to you?? does it perform as advertised?? does it perform well??

if the answer to any of the above is "no", then you paid too much.

if the answer to all of the above is "yes", then as long as your purchase didn't put you out in the street, who cares??



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Mike M

11-06-2000 17:55:49




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 Re: Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to Cowboy Bill Watts, 11-06-2000 09:12:06  
The responses seem to agree with my impression, and that is that you did OK- the Detroit powered Olivers are selling well to the tractor pullers (somebody find me a 995 Lugmatic, and I'll beat a path to your door). BUT- there's a larger issue here- (he said, philosophically)- people everywhere are spending thousands of dollars on what most of us would consider "foolishness"- jet skis, artwork, hot rods, Carribean cruises, etc, etc. Maybe it's just in the nature of farmers to be so concerned that what we buy for our hobby is also a "good deal"- but from the tone of your letter, you are getting a job done on your farm, and having a great (and nostalgic) time doing it- isn't that worth something? I say that we deserve a little "frivolousness" if we want to- everything doesn't have to "pencil out" where your hobby is concerned. I think you did just fine, and I wish you many happy hours with the tractor you wanted, and got!

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1206SWMO

11-06-2000 10:07:58




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 Re: Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to Cowboy Bill Watts, 11-06-2000 09:12:06  
Cowboy,The answer was yes to all of the questions.It is a nice tractor.By the way a restored 1950FWA sold for $9,000 at a big Oliver collectors auction in Kirksville,MO several months ago.I guess it was a dandy according to a friend that was there.



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Adam

11-06-2000 07:21:15




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 Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to 1206SWMO, 11-05-2000 16:31:37  
That's about what the ones I've seen sell brought. Some people get luckey and find cheaper ones but I never have.

I have a 2255 4 wd paid $6,800 for and 1650 I paid $4,250 for. Alot of people think I paid too much but they serve me very well and that is all that madders.

Besides compair it to how much it would cost to get an competitive tractor with the same capasity.



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DKaiser

11-05-2000 20:56:15




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 Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to 1206SWMO, 11-05-2000 16:31:37  
I really haven't thought theses tractors have been bringing much lately. We have bought a 1900A, 1950 rowcrop, and a 1950IND/2-155 mighty tow all in the last couple years and haven't spent more than $2500 for any of them. The 1900 we have put new injectors in and the other two may need them. The 1950 industiral is a good tractor, it runs good, but it's missing the hitch and doesn't have a three point. It has a creeper drive in it which gives it slow gears. The other two are straight tractors but could use an overhaul and paint. I've seen a few advertised around Iowa and for the most part the people are asking around $4000 for them.

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1206SWMO

11-06-2000 10:02:28




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 Re: Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to DKaiser, 11-05-2000 20:56:15  
I think the price on the 1900-1950 Olivers is starting to come up alot.Alot of people are hunting them.Good ones for sale are hard to find.I ran want ads on the internet and in farm magazines and most people that replied wanted over $5,000 for them.I did hear of a 1950RC selling on a sale in Kansas last year for $3300.A friend was there and said it was the dirtiest-oilest tractor he had ever seen.About 4 years ago the old Oliver dealer at Rich Hill,MO passed away and they had an estate sale.He used to farm alot so still had a 2150FWA and a 1950FWA Oliver tractors that hadnt been used for awhile.Neither were cream puffs and both had to be pulled to start them.We guessed them at $4,000 tops and much to our amazement the 2150 brought $8,000 and the 1950 sold for $7,000!!I know where a nice 1900 is for sale at out in Kansas for $4,000.All Detroit powered Olivers are really getting to be in demand so if you know where a nice one is priced right youd better pick it up.

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dave

11-05-2000 19:58:17




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 Re: Was $5,000 Too Much For A 1967 Oliver 1950? in reply to 1206SWMO, 11-05-2000 16:31:37  
I think you did very well. There was no finer diesel tractor engine made than the GM Detroit Diesel. The fact that you could work it so hard right after you got it shows that. I personally would be very glad to pay 5 grand for a Detroit-powered 1900 or 1950.
dave



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