Help what is a fair price

Hi

my friends father passed away and I’m trying to find a fair price for his emco compact 5 with lots of accessories. Any advice appreciated.

Thanks in Advance

thanks in advance.

Edited By JasonB on 05/09/2019 13:03:28

John - One (with bits) sold on ebay in August for £250.

Rik

It's worth massively more than that £250 for everything as a "job lot". Well over £1000.

You could spilt the items, guide prices (off the top of my head):

Lathe with 3-jaw and change gears = £350-£400 (you see some pristine lathes - they can go for £600 easily)

Milling attachment = £300

4 jaw chuck = £80

Milling table £50

Milling vice = £50-£75

Collet chuck and collets = £150-£200

Steadies = £50-£100

Just list the items separately on the well known auction site. Start everything at £1 and you'll get a fair, current price for everything as Emco items are extremely popular.

Hope that helps. Feel free to ask any Qs via PM if you want advice on any items.

Mike

EDIT: If going down the eBay route - clean everything up best you can, take lots of photos and wait for their frequent £1 max selling fee promotions. Obviously these promotions limit the final value fees to £1, which makes a huge difference when selling items of fairly high value.

Edited By Mike Clarke on 05/09/2019 13:48:45

Edited By Mike Clarke on 05/09/2019 13:54:15

Personally i think that is worth a lot more than £250, the lathe & milling head looks to be in reasonable condition & assuming it is along with the array of accessories with it also looking good. I think knowing what these are fetching these days i think that would be a good buy to someone looking for a Compact 5 + mill for £500 - £600.

Lathe with Power Feed Control

4 Chucks

Milling Head

ER collet chuck

ER Collets

Fixed Steady

Travel Steady

Top Slide

Milling Table

Vice

Change Wheels

QR Tool Post

Tool Block

There is Quite a nice Compact 5 that comes only with 3 jaw chuck, live center, 2 dead centers, top slide & chip trays on the popular auction site in Europe. They want £813 + £68 Shipping & this seller has no trouble selling a number of Compact 5 lathes as he sells mainly used Emco's.

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Thanks all for your replies. Definitely something to think about there are draws full of other items and milling bits etc.so perhaps I will take the advice and look towards auction sites. Thanks once again.

regsrds

john

Don't forget Selling/ Paypal fees can take 20% !

Be careful with that £0.99 start price , it may be all you get.

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Does anyone read previous replies on this place!?

I've been selling on ebay for many years, mostly electronic test equipment. I used to start everthing at 99p but things have changed. It used to be an auction site but is now more of a marketplace. Starting low is now too much of a risk as many buyers don't know how to bid these days. I'd start at 25-50% of the prices suggested here. If you are prepared to ship it (look at pallet services, about £50 for mainland UK) you will open up a much bigger market and get a better price.

Robert G8RPI.

Not often it would seem.

Andrew

I have no idea as to value, but some on here have given you a good indication and it's clearly worth a bob or two!

I don't know what your experience with ebay is, but I've had a good success rate with ebay so I'll throw in my two penn'orth. I always wait for the £1 max fees, they are very frequent. I always put the starting price to what I would be satisfied to achieve, and if there are bids above that....good news. I would never start with 99P without reserve, and if you put a reserve you'll be inundated with people asking what it is. I don't end an auction early either, I hate it when someone does it to me. Don't be put off by stating your payment requirements and avoid the rip off fee Paypal, you don't have to accept it.

With engineering stuff and models you will get hundreds of views and large numbers of watchers, but sometimes no buyer. Never mind, just list again when the offer comes round, unless you're in a hurry.

One option is ti use Ebay Classified adverts, it operates outside the normal Ebay system. I used it very succesfuly to sell my deceased cousins expensive ride on mower . It only cost £10 to place the advert and no further fees were involved, we insisted on cash payment to be really safe! Might be worth having a look.

If you go down the ebay local pickup route never ever ever accept a payment through paypal because you cant prove the buyer took the item according to ebay rules, so they get your lathe and their money back as well.

Wait until Adam Stevenson is better, and advertise on the Homeworkshop site. I have never failed to sell and get a fair price on there.

Dek.