Posted by JD seller on November 13, 2011 at 11:36:41 from (208.126.196.144):
It is getting to the point that most of the common tractors, of all makes, are not worth the cost to restore them. It seems that unless it is something special that tires and a paint job will be more than what the tractor is worth.
I just did a nice Ford 961. It had the engine rebuilt two years ago. It just needed the lift system done, seals,gasket, and adjusted. The sheet metal was in good shape just a little work to get good to paint. I gave $1900 for the tractor with good rubber. I had just over $3500 in it with nothing for labor. The parts are going higher and the value is dropping. Took six months to get $4500 out of it. I did not do bad but nothing special.
The letter series JD and IH are really dogs right now as far as value. If scrap stays high some of these will be worth more as scrap. They where like that in the 1970s and early 1980s. A local scrap guy hauled the older JD As and Bs by the truck loads. He could buy them for $100-200 and they would scrap $300-400. Guys are saying they are seeing running OH M and H sell for under a Grand.
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