[AT] Antique tractors that are too expensive

[Stephen Offiler]

Again I inquire, how old is old?  Is my late '70's  ish tombstone old
enough?  (I'd take a grand for it in a heartbeat and put it towards a
modern TIG/stick unit)

SO

On Mon, Dec 23, 2019 at 8:13 AM Cecil Bearden <crbearden at copper.net> wrote:

> At a Farm sale about 3 months ago, an old 225 AC/DC Lincoln went for
> $1200, the leads were about to fall apart.  It looked like it had a rod
> holder from 1945!!
> Cecil
> On 12/23/2019 6:30 AM, Stephen Offiler wrote:
>
> 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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