560 value

Anybody know what a early 60"s mod 560 should be worth? It has a wide front, new rubber and has been restored. Very nice tractor.This was my father"s tractor and as he has passed away I need to figure out what it"s worth. My sister and brother don"t want it and I can"t stand to sell it, so I plan to buy them out and keep it in the family.

Is the 560, gas or diesel? Probably worth $2,000. to $3,000. You see them asking more on YT adds, but you'll also notice it is same tractors for months on end.

In this area it takes a darn good gas 560 to get over $3000. A diesel will bring more than the gasser will.

Diesel with 2 point hitch may fetch $4000.

Gary

anon,

Is this tractor the first one you really "drove" as a youngster? Does it have any special meaning to you, compared to any other tractors your dad owned? Do you a place to store it inside?

If you answer "yes" to either question, then think on this:

If you sell it, you might regret it for the rest of your life. I found my dad's old H Farmall after it was out of the family for 23 yrs, bought it and spent obscene dollars on it and now it's worth every cent to this 72 yr old.

I use it for plow days, parades, farm shows and leisurely rides along country roads on summer evenings...and it is a joy to me, even better than my fishing boat and I like fishing!

At every show, men look at my tractor and say "I wish I would have kept our old family tractor".

I don't know what your 560 is worth, but the intrinsic value might need to be considered.

"A man never forgets the first girl he kissed and the first tractor he drove".

LA in WI

Wide front and "restored" adds some to the value - I haven't seen one like that (restored) sell at auction - ever. For some reason the 560 just doesn't seem to attract the attention the Hs and Ms do for restorations and isn't as desirable for field work as a 656.

In my area (NE Kansas) a gas 560 in good shape goes for 2200-3000 and a diesel goes for 3000-4000. Add 20% or so for shiny paint to those numbers and you are treating your brother and sister pretty fair without screwing yourself.

What you'll find is your brother will ask a neighbor what the tractor is worth and he'll say $5000/$6000 and your brother will be mad thinking you shorted him. Ask the neighbor to PAY $5000 for the tractor and suddenly it won't be worth that - as they say, money talks and bull**** walks.

For that reason I've advised my mom to leave NOTHING to the kids except money (unless she decides that we've p***ed her off and she leaves it to a charity instead). Stipulate that everything is to be sold at auction - if the kids want it they can buy it so everything brings what its worth and then the money can be split up afterwards. You want the oak kitchen table, the fine china or Dad's Garand or tool chest be the last bidder and its yours - and you'll even get part of the money you paid for it back. Its a lot easier to split up a dollar than it is furniture.

my gas 560 was $2500, 4 yrs ago. my diesel 560 was $2800, 3 yrs ago. both are wf, fh, usable tires but nowhere near new, fair paint, good running.
i saw a 560D, wf, original tires on back (with more than half tread still there), 6 row front mounted cultivator, sell last saturday for $6200. there were several tractors that i would call collector tractors at that sale, and they all brought 50% over what i thought would have been reasonable. (for example, a super c wf, 4 row front mount cultivator, for $3900)

Thanks for the replies. I may just let it go to auction and buy it there to save any problems. My thinking was to buy it outright to keep from paying an auctioneer but it might be better to do it that way.

Agreed on the estate issue. You'd be surprised (or maybe not) that lifelong family members will fight and hate each other's guts for the rest of their life over who gets the wedding rings or the kitchen table. They can't be split up. Then put them up for auction and they won't even bid on something they were ready to kill for not long ago. Even when a portion of the money comes back to them. Seen it happen too many times. Go figure. Put that in the will to start with and you avoid some of the family grabbagging and infighting. Many would rather their kids just work it out.

I got my grandpa's 47 studebaker pickup at his auction for $150. He had 10 kids who split a few personal items but sold the rest at auction. Had military duty and wasn't there but my uncle bid for me. 150 was my max. Never asked who else bid on it.

Lowell: I don't remember the first girl, but I do remember the first tractor. Tractor is a 1942 W4, it's in the vintage photos along with three vintage brothers, Hugh on the right fender, Frank on the left fender and Doug in the seat. Oldest about to turn 67, youngest probably about 62-63. Maybe Frank and Doug remember the first girl in their case.

I seen a restored 560d sell in western mn last spring very nice $12000. He also has a smtda $13500

Good move. Even if your bro and sis didn't complain, their spouses would behind your back. At auction, no one is going to know what condition it really is in, ie bad TA, bad crank, problem hydraulics, chipped gears, etc. Sell as is and no guarantees.

I remember my first tractor and my first girl. The tractor was my grandfathers Massey 50 and it was worth way more than the girl. At least it is still in the family. When I was about 8 years old I ran it into the trailer we were living in while my dad was building our house. That old tractor has some history. I don't know if I will ever own it as my grandpa is still alive but if it ever goes to auction the other bidders better have deep pockets.

i'm seeing a a lot of seemingly cheap 560 s around here. one has the low side of the ta out for 1300$. i'm wondering how much trouble and $ it would be to fix.The first big tractor i drove for a neighbor a diesel ta fh tricycle narrow front with a straight pipe and high flotation tires on the front and the grill was painted nicely and sitting in the tool shed. I was a big deal on that 560 at 12-14 years old. Even started smoking cigars then. lol .As for finding the sentimental tractors. i'll never give up till they close that box lid. i wish i had gotten all the serial numbers.If i'm ever reincarnated i want to come back as smart.! lol