What's it worth?

Posted by Luke S on May 31, 2006 at 14:01:48 from (65.161.251.246):

Well guys, after being on again off again for quite a while, I have decided I have no choice but to sell my Oliver 1955. I have tried to make a go of this hobby farming thing for over two years, baling about 50 acres of hay for our own livestock consumption and to sell a little. I have some nice equipment, the 1955 being one piece, a nice heeston 5500 round baler, a JD 24t square baler, a vicon CM247 disc mower, 752 JD tedder, NH 256 dolly wheel rake and my newer Kubota M4700 with bushog loader. My family's business has not been what it used to be, and since I get paid based on profit, my income is down about $25,000 a year from what I once made. That has put us in a real crunch and money has gotten real tight. I am making a payment on a few of the newer pieces. I could rent the ground out on shares and still get enough hay to feed my animals, and just keep the Kubota for feeding and for chores, and sell the rest, payoff the loan, and put the rest in the bank. I really don't want to do this, it has made me very depressed, but I have no choice. It's either quit or start cashing in IRA's, which to me doesn't seems very smart. So, on to the main point of my post. What I my 1955 really worth? What should I ask for it? I paid to much in my opinion, $6,000, hours unknown. I then got it home, and put on a new turbo, new injectors, all new hoses, new chain coupler, replaced every drop of fluid in it, overhauled the pto, rewired all the lights, removed and flushed radiator and oil coolers, replaced the old 6-point rod bolts with new style 12-point from agco, replaced pil pan gasket, all new filters on everything, replaced remote hydraulic hoses and installed new couplers, and probably some other stuff I am now forgetting??? All said and done, I have over $10,000 in this tractor, I am not crazy, and I know it won't bring that much. About the only thing I can say it really needs now is one back tire, the right side one is smooth, it holds air great as I have been using it like that, but for heavy field work it would probably need replaced. The front tires are also getting tired, lost of tread yet but they are dry cracked. Steering is a little loose, but plenty useable. Cab A/c didn't work so I removed the compressor, still have it though. I have the cab doors but they are removed for the summer. What should I ask???
Here is a link to a pic...............

http://www.tractorshed.com/cgi-bin/gallery/photo_pic.cgi?pic=http;//www.tractorshed.com/gallery/tphotos/a27656.jpg&firstrec=224&lastrec=239&Parameter=Oliver&mode=cat&what=tphotos

I also posted this in the Oliver forum, but figured I'd get more response here?

Replies:

• Re: What's it worth? brian 1 05:51:28 06/01/06 (0)
• Re: What's it worth? Nebraska Cowman 14:48:01 05/31/06 (0)

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