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Help what is a fair price

Emco 5

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John Chester05/09/2019 12:41:34
2 forum posts
15 photos

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

 

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thanks in advance.064715db-771a-4255-bcbf-b32207256867.jpeg

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

Rik Shaw05/09/2019 13:22:49
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1313 forum posts
352 photos

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

Rik

Mike Clarke05/09/2019 13:47:27
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85 forum posts
7 photos

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

Martin Hamilton 105/09/2019 14:03:41
151 forum posts

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

Martin Hamilton 105/09/2019 14:24:16
151 forum posts

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.

Bill Chugg05/09/2019 14:28:14
1004 forum posts
7 photos

Emco make good money on ebay.

If not worried about realising optimum price, then sell as a single lot.

Split up into say just the lathe on its own, milling attachment on it own, etc , etc then you will achieve a higher price.

Bill

John Chester05/09/2019 17:16:19
2 forum posts
15 photos

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

J Hancock05/09/2019 17:50:51
336 forum posts

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

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

Bill Chugg05/09/2019 17:57:40
1004 forum posts
7 photos
Posted by J Hancock on 05/09/2019 17:50:51:

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

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

 

Good point .

I always delay selling expensive items on ebay until they send the sell for £1 final fee offer which is becoming more often lately, as previously mentione by Mike Clarke.

Bill

 

Edited By 34046 on 05/09/2019 17:58:22

Edited By 34046 on 05/09/2019 18:03:28

Mike Clarke05/09/2019 18:00:07
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85 forum posts
7 photos

Does anyone read previous replies on this place!?

Robert Atkinson 205/09/2019 19:04:35
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500 forum posts
21 photos

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.

Andrew Johnston05/09/2019 19:17:17
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5115 forum posts
594 photos
Posted by Mike Clarke on 05/09/2019 18:00:07:

Does anyone read previous replies on this place!?

Not often it would seem. smile

Andrew

RMA05/09/2019 20:25:55
225 forum posts
4 photos

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.

Adam Mara05/09/2019 20:50:10
84 forum posts
4 photos

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.

Dave Halford05/09/2019 20:53:31
561 forum posts
5 photos

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.

magpie05/09/2019 22:40:27
avatar
426 forum posts
79 photos

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.

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