Maybe we need a law. Some pre Reagan price controls. A Ford 8N is worth no less than $2500 and an H is worth $2500. M a little more. Green As, Bs, 77s, 88s and All Yellow and Orange tractors not worth less than $2700. Guaranteed by the government and enforced by law...
The beauty of our system is that a thousand factors enter in to the value of a tractor or old car, an hour of labor for a man, or a call girl, diamond ring, barrel of oil, acre of land, bushel of wheat or ounce of gold. They rise and fall as do the currencies they are traded in. I doubt prices of old things will reach the heights they reached 5-8 years ago when the Boomers still had IRAs and 401s that were worth a lot. But old iron will always be a commodity that some folks make and some folks lose money on. And some folks will just want one because they're cool and $5K is not too much to pay for an Allis B.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
... [Read Article]
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