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Oliver 60 question

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Bill Ramsey

03-03-2003 08:30:54




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Hi guys
I am in the process of buying 2 AC tractors from a guy and he has offered to throw in an Oliver 60 for a hundred bucks said it runs but wheels not to good. Don't know anything about Oliver. Would it be worth fooling with? Thanks for any help Bill




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Cowboy Bill Watts

03-04-2003 10:32:46




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 Re: Oliver 60 question in reply to Bill Ramsey, 03-03-2003 08:30:54  
depends on what you intend to do with it.

if you intend to resell as is, you could double your investment as noted.

if you plan to work on it, i would not do so for the investment value. 60s and 70s tend to be expensive to work on generally and difficult to recoup costs out of.

a perfectly restored 60 is worth no more than $2000 IMHO.

problem with them is that they're nothing more than parade tractors -- no hydraulics, no 3-pt means no chores done.

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Ollie

03-04-2003 15:48:42




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 Re: Re: Oliver 60 question in reply to Cowboy Bill Watts, 03-04-2003 10:32:46  
Collectors who have no intention of using a tractor for chores or parades pay fantastic amounts of money for tractors they desire to collect, including Oliver 60s. In such a case, its worth to the collector has nothing to do with its worth as a working farm tractor. Any tractor, like anything else, is worth what someone is willing to pay for it.

In addition, many hobbyist restorers restore old tractors to give them something to do; few, if any, desire to or actually make any profit from their beloved hobby.

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Cowboy Bill Watts

03-05-2003 05:18:44




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 Re: Re: Re: Oliver 60 question in reply to Ollie, 03-04-2003 15:48:42  
ollie, i agree with you. a restored tractor is ultimately a labor of love, and a relatively poor investment.

.....but the original poster was wondering about values and investment recoup, thus my post.

i believe a "restored" super 55 presents additional value to the owner and to its resale value since it can be used as a light chore tractor, besides parade duty. i used to own a 60; i believe it to be the prettiest tractor ever built by anyone. however, on the open market it wasn't worth much -- $1500 with new paint in outstanding (near mint) original condition.

just one guys 2 cents..... ...

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Brian

03-04-2003 09:44:57




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 Re: Oliver 60 question in reply to Bill Ramsey, 03-03-2003 08:30:54  
So what you guys are saying is even though Grandpa's 60 runs good when I manage to get it started, the tin is straight as an arrow no paint left though, the new tires I put on it are worth more than the tractor? ($450) I was hoping it was worth more. Rats.



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Mark

03-03-2003 19:41:57




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 Re: Oliver 60 question in reply to Bill Ramsey, 03-03-2003 08:30:54  
I'm in agreement with evil. You could most likely double your investment, and if it isn't just a pile of junk you will most likely do much better. Ollie sounds a bit optomistic in my mind. But hey, if you know someone that will give that much for one, then mine is for sale too!



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jocco

03-03-2003 16:42:17




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 Re: Oliver 60 question in reply to Bill Ramsey, 03-03-2003 08:30:54  
depends on area but i wouldnt bat an eye i dont agree 100% with ollie but you coud certaily make some money toward your ac



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evielboweviel

03-03-2003 15:36:14




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 Re: Oliver 60 question in reply to Bill Ramsey, 03-03-2003 08:30:54  
yes you could double your money and not touch it by reselling it



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Ollie

03-03-2003 09:17:40




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 Re: Oliver 60 question in reply to Bill Ramsey, 03-03-2003 08:30:54  
Bill,

I'd jump on that like a tick on a hound dog. You can easily sell it for 10 times what you paid for it. If you want to sell parts off it, you could do even better.



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