Assuming that the coil circuit is on the live side then what coil voltage 240v or 415v ? If 240 then wire Phase to neutral, if 415v Then wire across 2 phases. Taking it to earth sounds very wrong and likely to cause alsorts of trouble. The various stop switches will all be parallel across this circuit, breaking the circuit will drop the coil. UNLESS you have a low voltage control system with a 24v coil, that’s another ball game ! Noel
An E-Stop should not be wired in parallel (across) a normally closed contact on the contactor they control. If you do the contactor will effectively return the E-Stop to the released state when the contactor is de-energised.
Normally an E-Stop would be wired in SERIES with a Normally Open contact. This circuit latches the contractor on when the start button is pushed.
As Emgee says that contactor does not look suitable. Also it has a 110V coil which would be unusual for a small lathe. The Bantam diagrams I can find do not have a control transformer.
Did you select that contactor or was it just “available”?
Do you have a wiring diagram for your lathe?
Any pictures of the old contactor? Ideally installed and one of the part number / rating plate.
Robert.
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