With in the past two years I have this restored tractor. I have a couple things wrong with it that need to be changed over but do to my money flow can not afford this tractor any more. What type of price should I ask for it I wonder? 1951 Farmall M (Cotton Picker tractor), Engine rebuilt 1,600.00 paint and some body work 700.00 one new front tire 300.00 Generator & voltage reg. 12 Volt system 300.00. Rebuilt starter 250.00 and rebuilt carburator 300.00. To finish restoration would be two new back tires. New seat. I was thinking selling it so I could restore my skid steer loader which I need. So how much would you say it is worth? Thanks bkzap
- Thread starter bkzap
- Start date
Allan in NE
Well-known Member
Doesn't matter how much you've put in it, it's still just a $1500 tractor.
Allan
Allan
Ultradog MN
Well-known Member
- Location
- Twin Cities
Sad but true.
400Dtractorman
Member
Depends on your area. I went to a sale after Thanksgiving and price for one was 4250 which had paint new tires looked like a new tractor. The second one was almost as nice and sold for 3250 and the third was nice but tires weren't new and he got 2900 but wanted 3100. In Md where I live an M rebuilt and new paint and new tires is between 2000 and 3000. And getting 3000 for it is going to be hard. Just something to go by.
Janicholson
Well-known Member
Allan is correct. Actual value is probably what you put into it plus 1000. But!!! the reality is that there are few takers for a common (high number built)tractor with poor rear tires. You will need to sell it to someone that just needs that tractor and has the cash flow to realize the value of the work done. I would not expect to get more than 2000 out of it eventually if you held out. Jim
Well you have invested $3450 dollar plus the original cost of the tractor and your labor. Now the bad news. That Farmall "M" is not that rare of a tractor. The fact that it had a cotton picker on it makes it a little more special but unless you have the picker then that does not mean too much.
You would be lucky to get 50% of your investment back here in Iowa. A good running restored "M" will not break $2000 very often here.
You are finding out what many of us collectors have done on our tractors too. They cost much more than you can ever get out of them. You are just paying for your entertainment/hobby. Many things are like that.
You would be lucky to get 50% of your investment back here in Iowa. A good running restored "M" will not break $2000 very often here.
You are finding out what many of us collectors have done on our tractors too. They cost much more than you can ever get out of them. You are just paying for your entertainment/hobby. Many things are like that.
I have a Super C like that. I put alot of money in it, New Tires, rebuilt starter, rebuilt hydralic pump, new carb, Saginaw 3 point just to mention a few things. Although it doesn't have a 700 dollar paint job, just a rattle can touch up paint job.
I know there is no way I would ever get the 3500-4000 dollars I have into it. So I'm just keeping it and enjoy using it now and then. My kids can give it away at the auction after I'm long gone.
I know there is no way I would ever get the 3500-4000 dollars I have into it. So I'm just keeping it and enjoy using it now and then. My kids can give it away at the auction after I'm long gone.
notjustair
Well-known Member
The last M I bought cost me $850. Perfect tin, perfect runner with no smoke, live hydraulics, 12 volt system. Some chalky paint left on it and tires like you described. Seems like you probably have a $2000 tractor there. $2700 if the tires were real nice. Part of your issue with cost may be the cost of parts/repairs where you are. The paint job wasn't bad but it cost you a good penny to get that charging system and carb in working order. Around here that would have been $150 combined.
There are lots of things around here that I chalk up to therapy. If they had been cows costing that kind of cash I would have shot them. Don't get me wrong, if you enjoyed doing it then it was worth more than twice what you have in it. Boys and their toys are not cheap words together.
There are lots of things around here that I chalk up to therapy. If they had been cows costing that kind of cash I would have shot them. Don't get me wrong, if you enjoyed doing it then it was worth more than twice what you have in it. Boys and their toys are not cheap words together.
Goose
Well-known Member
You nailed it, Allen.
In the auto body business I see it all the time. Someone will put $5,000 into a $2,000 pickup and try to sell it for $10,000.
Just one of the facts of life. The only value something has is what someone is willing to pay for it.
Last week, I saw an ordinary looking M with a thousand dollars worth of new tires bid to $1900. It didn't sell, 'cause the auctioneer said he needed $2300 for it.
In the auto body business I see it all the time. Someone will put $5,000 into a $2,000 pickup and try to sell it for $10,000.
Just one of the facts of life. The only value something has is what someone is willing to pay for it.
Last week, I saw an ordinary looking M with a thousand dollars worth of new tires bid to $1900. It didn't sell, 'cause the auctioneer said he needed $2300 for it.
I want to say to all of you thank you for your replies. I restore tractors only as a hobby where I live. You all have told me that I was thinking right on the price to sell it for. I was thinking 2000.00 as the asking high. The tractor is restored right and looks great. Runs great no smoke engine has pop up pistons that is why I went 12 volts. Needs back tires yes last est. on those 900.00 ea mounted. To munch right now to spend on it. I will keep it if nobody wants it.
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