Wow! I wouldn't pay that much until I had a lot more info. I would want a thorough inspection of the boiler and firebox. It's missing the safety, governor, a whistle. It appears to have the rod broken, the stream cylinder is crumpled (inside might still be OK, but don't know). Any non certified work on the boiler would have to be redone/checked by a certified boiler shop, not cheap.
Given all that, it is only a stream engine, not a traction engine (and thus 90% boiler, the expensive to repair part). Steam is cool, but you should know what the heck you are doing and have some money to sink into it.
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Today's Featured Article - The Mud Daubers and the Old John Deere - by Jon Zehnder. I have a 1941, John Deere Model A tractor I have owned for about a year and a half. This is my first (in case my wife reads this, "FIRST") tractor and it has been a learning experience. After considerable advise and assistance from local tractor nuts and the forums of Yesterday�s Tractors, I had finally got it running pretty well. I have tuned it up, overhauled the carburetor, installed a borrowed, rebuilt magneto, installed a new Power-Trol, patched the radiator, installed new front wheels a
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