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Tractor Talk Discussion Forum

What is it worth.

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Brent Zappe

04-22-2014 07:52:35

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I hear these words all the time when I show stuff of at a tractor show or a car show. people say it to me (What is it worth). I look at them and I say it is not for sale. To me as the person who reconditioned it or restored it I think of all the long hours and money I put in to the project. I realise that I will never get paid for my long Hours of hard work but some how the project has been a good learning experance. On Automotive the serails numbers tell every thing the research is long in finding what the Automotive had in it but turns out to be rewarding. On tractors I still learning but for I.H. tractor they have casting dates that tell when it was made. To a buyer the Question is (What is it worth) he already know what he wants to pay not careing of the quality but the looks of the machine. It could just be sanded down and painted but if it cheap he will still buy. I guess what is it worth means to all of use what we think itis worth to us as the owner of that fine machine.

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John A.

04-22-2014 20:08:07

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
Brent, You have 2 nice examples of older rigs, what are they worth???......
The Farmall M,, Run of the mill, nothing special to write Mom about. Real short on rear rubber, 10%. A single Cotton front, 75% rubber. Single pipe, flip-seat assembly... Not a Plus in anybody's book! A decent paint job, not spectacular, sure-enough not Show Quality the tractor will bring $1500 all day long...+ - $300! The Rear tires will dictate the worth at present time.
What I see from your single Pic
64,65,66 Series GMC 1500. Short narrow, No V6 badgeing on hood, So No V6 under the hood Decent paint not spectacular! Paint looks the be the Correct,, Lt Yellow for for era of truck I Do Like! Whoever painted it last Painted the Grill the Body color...WRONG they came white or chrome, No 2in white band painted around the Grill area, No Flat Gloss Black behind the grill, Wrong Hub caps, You have a GMC Please get a set of GMC Hub caps don't try to make it look Like a Chevy, The Jimmys Were truly Unique. I graded you a little hard, Yes Not meant to Irk you or raise your Arr, Temper! I really do like your Pickup. I am a Purest though on these old girls I cut my teeth on the steering wheel of a 59 Apache 10. But heart lies with my 66 chevy short narrow, Hot water 6 & 3 on the tree! I learned to drive on!!! I Do Still Still have it!
Holler at me sometime and we can visit about these trucks, My # is 512-577-3837!
My 66 Chevy is not for sale at any price!
John A.

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Brent Zappe

04-23-2014 00:21:16

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 Re: What is it worth. in reply to John A., 04-22-2014 20:08:07  
Hi John This g.M.C truck is a 1966 basic stock truck with a coupe add ons. This truck is 100% factory like it was found in the show room back in 1966. Nothing has been changed the truck has only 70,000 miles on a stright 6 250 engine. It can carry up to 5000 pounds but it had never been loaded down that hard. My Uncle John had bought it new in 1966 and just drove it around but he took great care of it.When I take it to car show here in town it always wins a trophy.This truck off the assembly line was number 1300 for the year of 1966. that has been proven from the stock GM show of last year here in Riverside Cal.

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John A.

04-23-2014 06:40:27

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 Re: What is it worth. in reply to Brent Zappe, 04-23-2014 00:21:16  
Brent, Would Love to See more pics of your old girl! Holler at me some time an we will talk trucks!
John A.

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hot wrench

04-22-2014 14:45:46

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
They're worth whatever someone will pay for them, it's up to the owner to decide if that is enough or not. There is a new owner for everything out there, just a matter of finding the right one.

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Nate V. IA

04-22-2014 14:04:26

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
Price does not determine value/worth. Price determines ownership.

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Traditional Farmer

04-23-2014 04:30:19

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 Re: What is it worth. in reply to Nate V. IA, 04-22-2014 14:04:26  
Say what? Thats some convoluted Double Speak.

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04-22-2014 12:06:53

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
When they ask you what it's worth most are fishing and hope you don't know what it's worth so they can steal it from you.Oldist game in the book.

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Hal/ Eastern WA

04-22-2014 10:59:28

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
Virtually everything I own is for sale: that is, for the right price, I would sell almost anything. On the other hand, some of the things I own are worth more to me than any other person with any sanity would ever pay me for that thing. The piano I grew up playing and my Dad"s last tractor come to mind.

Something is worth what a willing seller would accept for payment from a willing buyer.

I would sell the property I live on, and have lived on most of my life, if someone would pay me $1 million for it. And I believe I could be off the property in less than one month if that was part of the deal. But that is very unlikely to happen, since the property is probably not worth even half that much. And there are other properties in the area that would sell for much less. Do I want to sell? Not really, but I would for enough money.

As far as tractors go, there might be some basis to value a particular machine based on other sales of similar machines in the general area. My experience is that often when people have lots of time and money in fixing up a machine, they usually would not sell that machine for the "going rate". So they might very well just keep it until someone comes along that thinks the machine is worth more than the guy who owns it.

Your M and GMC look very nice from what I can see from the single photos. Neither is super rare, although I have never seen an M in this area with a single front wheel. I am not familiar with the machine in the 3rd photo, but it looks like a project that is progressing nicely. I have never been very fond of the Wisconsin air cooled engines though.

What are they worth? Really hard to say...probably less than you have invested in them, but you never know. It also depends on how bad you want or need to sell them. I usually quote a high price when someone wants to buy something from me, but have ended up accepting offers that I thought were OK for me. I have also sold things for token amounts or have given things away when I thought the person really needed the item and would probably take good care of it. But that"s just my way.

If I had the pictured machines, I bet that I would just keep and enjoy them! Good luck!

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Traditional Farmer

04-22-2014 10:09:24

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
What its worth is what it will bring on the open market to me.I might not sell something I own for market price because it means something to me one way or the other but no sense in kidding myself that a tractor I own that would bring $1000 if it were sold is worth 2 or 3 times that just because I like it or was unfortunate enough to get that much $$$ into it.

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04-22-2014 11:04:18

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 Re: What is it worth. in reply to Traditional Farmer, 04-22-2014 10:09:24  
That is a great answer. BW

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04-22-2014 09:13:46

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
I agree 100 percent!

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bill mart

04-22-2014 09:10:59

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 Re: What is it worth. in reply to Brent Zappe, 04-22-2014 07:52:35  
64 or 65 gmc? bill

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Brent Zappe

04-23-2014 00:38:19

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 Re: What is it worth. in reply to bill mart, 04-22-2014 09:10:59  
I have read every bodys replies thank you so much. I do agree with all of you. The first picture is a 1951 farmall cotton picker nothing great but fun to recondition. The next picture was a 100% all factory 1966 G.M.C short bed step side pick up. ( thank you Uncle John for your truck). He bought it brand new in 1966 and it is still like it was in 1966. Your basic pick up truck. The third picture is a project still going on right now a 1971 I.H. skid steer loader. Thank you Wendell for leting me buy it with a 12 pack of beer. Another learning experance that Iam enjoying. what they are worth to me Price list for they are my trophys. You see I could never aford these thing if they where new. I buy Junk and make it look Great WOW what a way to go.I wounder how many people do the same.Thanks again I hope you enjoyed this Brent

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