New Tooling Sticker Shock & Confusion

[docclock]

I am doing an inventory of the tooling that my friend who passed away had and find 20 brand new Ultratool chucking Reamers. Looks like solid carbide to me and some carbide with steel shanks. So I surf over to their website and download the catalog. I know that my buddy Joe bought those reamers about 15 years ago or so. each one has an extensive set of numbers on it yet the the numbers dont correspond to the ones in the catalog except for the decimal sizes, Example: One reamer has on it, TO1302-364-206 and .6875-06876 ULTRATOOL. Its a carbide head with straight steel shank and straight flutes. So I measure the the flute length and count them, measure overall length and match it up by those specs. So I have 3 questions. Is there some cryptic numbering code I dont know about? Is my method of determining what cost is at todays pricing valid and close enough? What percentage of that cost do you think I should sell them for to be fair to both the seller (his widow) and the buyer? Wait, another question. Think it would be easier to sell everything as a package or individually? Package would be sizeable. JetGH-1340 lathe thats pretty clean, 220v 3phase with everything plus a quick change tool post. A Rutland mill 16" swing with a really nice mill vise also 220v 3phase. A Phase A Matic R3 Rotary Converter and I am at the tip of the iceberg on the tooling. If memory serves me he got the mill about 20 years ago, the lathe 4 or 5 years after that. Then he got sick. That equipement  has been sitting idle for at least ten years so there is not a lot of run time on them at all. I appreciate any input you can throw my way. That one reamer i mentioned earlier is in that catalog for $118. I am so blessed. The micro parts i work on. Carbide scribes ground to shape. I havent spent $100 on cutting bits in the last 20 years. I should have both machines dusted off and have a few pictures by this evening. Thanks again.

[docclock]

            Got a couple of pics of the machinery. Got it cleaned up, oiled up then fired it up. Made sure everything did what its supposed to. No surprises. Wouldnt ya know it now i want to take it home with me ! lol

[Mayhem]

(11-05-2015, 06:14 PM)docclock Wrote: ...now i want to take it home with me ! lol

Well that would be one option...

[PixMan]

That's a really nice lathe, jump on it!

[docclock]

Yes it is but the bottom line is It's far to big for my projects. The size lathes I use can be carried with one hand. It will be up for sale along with the mill and all the tooling as soon as I finish the tooling inventory and talk price with the lady that owns it.

[TomG]

It sounds like the reamers are pretty specific, so the best place to sell them would be ebay for the wide audience. Even then, I would be surprised if you could get more than 30 cents on the dollar for them. Unfortunately the only way to get your money out of high quality tooling is to use it, not sell it.

Tom

[docclock]

I was afraid of that. A third of it's cost yet being new. I just talked it over with the owner. I just totaled up the cost amount of the new tooling we have. $3,623 and thats just the new stuff that is about 60% of the total tooling inventory. The rest of it is mostly in very good to excellent condition. I hate to see her take a 2 or 3K beating on it. Plan "A" is to put it on craigs list as a complete package. maybe we'll get lucky. If that doesn't fly then I'll have to offer it seperately. The same lathe new on e-bay can be had for $8,999. The mill new is $2,970. Add the cost of the new tooling and we are at $15,500. So I'm thinking ask $8,000 and include the rest of the tooling not figured in. I think that should be close to fair to buyer and seller. Thoughts, Comments, Suggestions?  Anybody?

[f350ca]

Selling it as a lot would be convenient and that sounds like a fair price but it could be hard to find someone wanting to buy two pieces of machinery at once. I would think the lathe or mill would sell quicker by them selves.

[docclock]

I agree. Fortunately there is no real urgency for it to all go. It would be great for it to happen that way and would save me a lot of time and work not having to part it out. The package would be ideal for someone that wants an instant home shop all at once. Take it home and commence to making chips.