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 - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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