[AT] Antique tractors that are too expensive

[Stephen Offiler]

Hold on, you say old LIncoln tombstones go for a grand?  How old do they
have to be?  I've got a 225 AC/DC that I picked up at an auction for $50,
had to be 20 years ago, and it was certainly not new then.  As a wild guess
I'd say it must be late '70's to early 80's.  Externally it doesn't seem
much different from modern ones and I greatly doubt mine is old enough to
be worth anything.  Curious though.

SO


On Sun, Dec 22, 2019 at 6:22 PM Cecil Bearden <crbearden at copper.net> wrote:

> I always wanted an old Lincoln "tombstone"225 AC/DC welder.  They sell at
> auction for over $1000.    An old local farmer had an estate auction and I
> was at the back of the crowd when his Lincoln Tombstone welder came up for
> auction.  I got it for $400, but after I got it home is was a tombstone,
> but it was AC only.....  I finally got the chance to buy one on Craigs list
> for $600.  Then a year later I bought 4 that had been rebuilt for a VO-Tech
> out west for $450 for the lot!!!   I first welded with one of them during
> college at OSU.  I fell in love with the welder.   Those welders have an
> open arc voltage of about 90V.  They will make you jump when welding on wet
> stuff...  However, they run 7018 LH as pretty as you could ever want.  I
> have mounted one on a 15KW generator for a portable welder.  It works great
> and I have plenty of power to run grinders etc.
> Cecil
> On 12/22/2019 2:59 PM, deanvp at att.net wrote:
>
> I purchased my used Lincoln 225 AMP arc welder for $100 at a swap meet. It
> is quite old. I haven’t taken the time to try to figure out how old but I
> wanted to buy an older one after looking at new ones. I looked at the guts
> of a new one vs how the old ones were built and decided an old one would
> last longer and probably weld better.  I’ve had it 10 years and it is ready
> to go every time I need it.  IMHO, sometimes new isn’t always better.
>
>
>
> Dean VP
>
> Snohomish, WA 98290
>
>
>
> *From:* AT <at-bounces at lists.antique-tractor.com>
> <at-bounces at lists.antique-tractor.com> *On Behalf Of *Mike M
> *Sent:* Saturday, December 21, 2019 9:38 AM
> *To:* at at lists.antique-tractor.com
> *Subject:* Re: [AT] Antique tractors that are too expensive
>
>
>
> I've also seen people bid way too high, they get caught up in the
> excitement. I was standing next to a guy who was bidding on an old
> tombstone welder. I wanted it too. I think he ended up paying $300 for it.
> You could buy a new one for less than that. It's pays to know what things
> cost before bidding on them. I was bidding, but dropped out at $150,
> because that is all I was willing to pay.
>
> Mike M
>
> On 12/22/2019 12:13 AM, Spencer Yost wrote:
>
> 
>
> We have all seen it:  the tractor the seller is asking way too much for.
> Or conversely; why buyers don’t show up for our obviously wonderful tractor
> that we post in EBay/Craigslist/whatever.
>
>
>
> So listening to podcasts tonight, I ran across a podcast that was
> discussing many things, including a discussion with a psychologist from
> Berkeley who was explaining the “endowment effect”. I was unaware of
> this. Though I had intuited it many times I did not know it was a “thing”.
>
>
>
> Long story short it explains why people often seem to ask way more for a
> tractor that I’m willing to pay.
>
>
>
> https://en.m.wikipedia.org/wiki/Endowment_effect
>
>
>
>
> https://scholar.google.com/scholar?hl=en&as_sdt=0%2C34&q=endowment+effect&oq=endowment+
>
>
>
>
>
> Interestingly, this is true regardless of how long they owned it or
> whether it had any other type (e.g. nostalgia) of value.
>
>
>
> Unfortunately, the podcast did not describe how I, the buyer, could
> negotiate my way around this.
>
>
>
> PS:   I will be that seller if I ever sell the Pacer. (-;
>
>
>
> Spencer
>
>
>
> Sent from my iPhone
>
>
>
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