Myford Super 7

[Trevor Drabble 1Participant @trevordrabble1]

Appreciate this may sound a strange request, but has anybody any idea how much a new S7 cost in 1979 please?

Many Thanks

[Trevor Drabble 1Participant @trevordrabble1]

[JohnFParticipant @johnf59703]

Hi Trevor, I can't give you the exact price but I do have several old price lists and they are as follows: –

1965 Super 7 = £112 – 15s – 0d Super 7B £147 – 0s – 0d

1987 Super 7 = £1438 Super 7B £1767

The B model of course has the screwcutting gearbox [norton box]

My own machine is a S7B long bed purchased c 1977-78, strangely I don't have a price list but if my memeory is good it was a little over £600 with 3 & 4jaw chucks, Dickson tool post.

Hope this helps , John

[ZiggarParticipant @ziggar]

cant tell you that

but i can telll you that an ML10 back in March 1970 cost exactly £71.

this according to a pdf of a parts list from that time

also just found a price list for the Super 7 dated March 1970 giving a price of exactly £148

and from the same list :-

Super 7B  exactly £188

Long bed Super 7 exactly £172

Long bed Super 7B exactly £212

all these are motor not included

HTH

 

 

 

 

Edited By Ziggar on 26/10/2012 13:25:23

Edited By Ziggar on 26/10/2012 13:28:45

[Trevor Drabble 1Participant @trevordrabble1]

John and HTH,

Thank you very much , these are excellent pieces of information, are most helpful and have helped me enormously with my small problem.

Once again, many thanks,

Trevor.

[Douglas JohnstonParticipant @douglasjohnston98463]

With current income and 1970 prices life would truly be pleasant. We can only dream.

Doug

[TerrydParticipant @terryd72465]

Posted by Douglas Johnston on 27/10/2012 09:29:33:

With current income and 1970 prices life would truly be pleasant. We can only dream.

Doug

Current income and 1950 prices would be even better.

T

[Clive HartlandParticipant @clivehartland94829]

In nov 1988 I bought a Myford ML10 with a host aof accessories for the firm I worked for and it cost

£734 just for the lathe alone.

The stand and chucks and 3phase motor and collet set plus various additional tools cost another £1100

When I retired from them I made a bid for it and got it for £550 complete.

Clive

[donkeyParticipant @donkey]

In november 1979 a super 7B was £1010 c/w motor chuck and stand. from javelin tools.

Brian

[TerrydParticipant @terryd72465]

Posted by donkey on 27/10/2012 14:44:58:

In november 1979 a super 7B was £1010 c/w motor chuck and stand. from javelin tools.

Brian

Hi Brian,

In Nov 1979 average UK salary was around £6300 so you could have bought just under 5 of these lates for a years salary. In 2011 a Super 7plus was listed at £8593 and average salary was approx £26000. So you could buy just under 3 lathes for a years salary. Is there a clue as to Myfords problems here?

Regards

Terry

[KWILParticipant @kwil]

Terry,

Yes there is a clue here, however the economies of scale were working against them.

K

[Sub MandrelParticipant @submandrel]

Look forward to 2020 when we can have 2012 prices and 1960s salaries…

Neil

[Jim GuthrieParticipant @jimguthrie82658]

Posted by Douglas Johnston on 27/10/2012 09:29:33:

With current income and 1970 prices life would truly be pleasant. We can only dream.

Doug

I remember that my basic ML10 with a three jaw, four jaw and Jacobs chuck cost around £200 – bought at the time of Ted Heath's three day week. The motor was got second hand from a dealer in North London, and the lot are still going strong today.

Jim.

[Ian S CParticipant @iansc]

Pity the price of machinery is'nt like computors, and TVs that seem to get less (usually just after you"v bought one for a bargan price). When I bought my Taiwanese lathe in 1996/7 it cost about $NZ2000 +or- a bit can't remember, barganed it down from nearer $NZ3000, I think the NZ $ was worth between 30 and 40 UK pence at the time. The vertical milling machine bought a year before cost $NZ1100. Ian S C

[John Stevenson 1Participant @johnstevenson1]

Rather ironic this post coming up as I have just sorted out a big box of Myford literature from pre the closing sale.

Some of the interesting stuff I have kept as some of the behind the scenes info will make a good ME article, like did you know they had a big bore ML7 with bolt on chuck in 1953 ?

The rest, just run of the mill leaflets and booklets with reams of price lists have all been listed on Ebay this weekend.

John S.

[Trevor Drabble 1Participant @trevordrabble1]

Once again, many thanks gentlemen for all your inputs. The reason for the request is that I am in the process of negotiating the puchase of a S7with 3 phase motor of 1979 from my former employer, and needed to know what cost to start the amatisation from. I believe the machine is worth more than scrap value but significantly less than one sees similar 34 year old machines advertised for.

Trevor.

[Bill PudneyParticipant @billpudney37759]

Terryd said that in 1979 the average UK salary was GBP6300.

Crikey, that's not how I remember it. At the time I was a draughtsman with the MOD(N) on the top payscale and I was on GBP4970, which seemed pretty good to me. My brother was in the RN Submarine Service and I seem to remember that he had an income of over GBP 11000 that year, but that was with a lot of sea time (the most in "weeks at sea" of his 22 years in service). My much better half was a legal secretary to a senior partner and was on something like GBP3000

Don't ask me how I remember this stuff, its just "there".

cheers

Bill

[Bill PudneyParticipant @billpudney37759]

Scrap value is not much more than, "machine weighs Ylb, scrap metal is X per lb, so machine scrap value is X times Y" heartbreaking but there you go.

cheers

Bill

[TerrydParticipant @terryd72465]

Posted by Bill Pudney on 30/10/2012 01:57:11:

Terryd said that in 1979 the average UK salary was GBP6300.

Crikey, that's not how I remember it. At the time I was a draughtsman with the MOD(N) on the top payscale and I was on GBP4970, which seemed pretty good to me. My brother was in the RN Submarine Service and I seem to remember that he had an income of over GBP 11000 that year, but that was with a lot of sea time (the most in "weeks at sea" of his 22 years in service). My much better half was a legal secretary to a senior partner and was on something like GBP3000

Don't ask me how I remember this stuff, its just "there".

cheers

Bill

Hi Bill,

My figures came from here and the author gets his data from the ONS (Office of National Statistics). He does not give a figure for 1979 only for 1970 and 1980. in 1980 the average wage is given as £6900 and I simply interpolated backwards. One of my best friends was a legal secretary as your wife and I know that the salaries paid for the work was thought to be relatively poor (especially considering the work they did).

I don't know about draughtsmen though, I left engineering in the early 1970s and lost touch with my friends in the drawing office at that time. I try to use official figures. I do know that at the time the average wage for teachers was considered to be below the national average and the wage was around £6100 in 1980.

Best regards

Terry

Best regards

[AndyfParticipant @andyf]

Trevor,

It has probably been written down to a very small value by now. If 33 years ago it cost £1000, and was depreciated at 10% per year, it will stand at £31 in the company's books. 10% is probably on the low side, but will do as a working figure; capital allowances (i.e. what the Revenue will allow firms to claim as depreciation) have varied over the years.

But I suppose it depends on who is considering your offer. £50 might seem attractive to an accountant, but not to an engineer who knows what life is left in the machine.

Andy

[MadMikeParticipant @madmike]

Andy, back to school old chap. If the machine was bought as a capital item by the company then it would normally, at the value of a new Myford, have been written down to zero over 5 years. At the most extreme it would have depreciation or write down of 10 percent and thus have been written down to zero after 10 years. Write down percentage would be a fixed percentage of its purchase price, not residual value after each years depreciation. Twas ever thus.

So in reality the question to be asked is simly "…..as the machine has long ago been written off will the company take £xx to have it taken away?" Trevor should make sure that he can identify every fault with the machine as part of the negotiation process. Accountants rule in these matters, I am afraid, not engineers who would rather have a new modern machine than an old Myford.

[TerrydParticipant @terryd72465]

Hi Andy,

This reminds me of a friend whose father was redundant from a local engineering company about 10 years ago as they finally closed down the remains of the works. He asked about a Bridgeport Milling machine in the R & D dept as his son (my friend) was interested and was told that he could have it for scrap value which they put at £10.00 (ten pounds) They also told him that they would throw in all the tooling as it was redundant. No guessing at his answer. Am I green? Of course not!!

Regards

Terry

[AndyfParticipant @andyf]

Posted by MadMike on 30/10/2012 12:50:56:

Andy, back to school old chap….. Write down percentage would be a fixed percentage of its purchase price, not residual value after each years depreciation. Twas ever thus.

I'd forgotten it was straight line depreciation, Mike.

Perhaps this has gone to show that it did the world of Chartered Accountancy a favour when I gave it up after a year in articles and reverted to the law, in which a tolerant university had seen fit to grant me a decent degree.

Andy

[chris jParticipant @chrisj]

Posted by MadMike on 30/10/2012 12:50:56:

Andy, back to school old chap. If the machine was bought as a capital item by the company then it would normally, at the value of a new Myford, have been written down to zero over 5 years. At the most extreme it would have depreciation or write down of 10 percent and thus have been written down to zero after 10 years. Write down percentage would be a fixed percentage of its purchase price, not residual value after each years depreciation. Twas ever thus.

So in reality the question to be asked is simly "…..as the machine has long ago been written off will the company take £xx to have it taken away?" Trevor should make sure that he can identify every fault with the machine as part of the negotiation process. Accountants rule in these matters, I am afraid, not engineers who would rather have a new modern machine than an old Myford.

Just a point of order.

If there was a revaluation done on the equipment in the accounts then it may not be zero.

Unlikely but you never know.

[John Stevenson 1Participant @johnstevenson1]

No, no NO you have it all wrong.

It's a company, it's paid for, it's sitting on the books at zero so the question to ask is that to comply to health and safety laws agains moving heavy loads, lifting, chance of a claimable accident etc is

"How much is the company prepared to pay to have it removed SAFELY from the premises.?"

John S.

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