Value of Miller equipment
powderfinger
grandmother-in-laws
welding equipment is worth. I told her I would attempt to help her sell it
but I
don't what it's worth.
Her husband bought it before he became sick and it has barely been used at
all.
It's just been sitting in her shop, everything looks brand new.
She has a Miller Shopmaster 300, a Miller Dialarc-HF for TIG welding, and
a Miller
model S-52E wirefeeder. Like I said, these items are practically brand new.
I haven't looked through everything to see if there are any foot controls
or guns.
Anyone have a guess as to what this equipment is worth? Thanks in advance
for any
feedback.
-------------------------------------
##-----------------------------------------------##
Delivered via http://www.rittercnc.com/
Metalworking Forums
Web and RSS access to your favorite newsgroup -
sci.engr.joining.welding - 12181 messages and counting!
##-----------------------------------------------##
Gunner Asch
(powderfinger) wrote:
>Hello, I created an account in an attempt to find out what my
>grandmother-in-laws
>welding equipment is worth. I told her I would attempt to help her sell it
>but I
>don't what it's worth.
>
>Her husband bought it before he became sick and it has barely been used at
>all.
>It's just been sitting in her shop, everything looks brand new.
>
>She has a Miller Shopmaster 300, a Miller Dialarc-HF for TIG welding, and
>a Miller
>model S-52E wirefeeder. Like I said, these items are practically brand new.
>
>I haven't looked through everything to see if there are any foot controls
>or guns.
>
>Anyone have a guess as to what this equipment is worth? Thanks in advance
>for any
>feedback.
>
The Shopmaster and the S-53E wirefeeder should go from $1400-2200
The Dialarc should go from about $400-600..if it has a water chiller,
torch etc etc.
You might get 10-20% more for being cosmeticaly good looking.
Check Ebay for current auctions..and then do a search on Completed
Auctions for what similar welders actually closed for.
Hope she can get good money for the gear..the economy isnt doing very
well..nor in the foreseeable future.
Gunner
>-------------------------------------
>
>
>
>
>##-----------------------------------------------##
>Delivered via http://www.rittercnc.com/
>Metalworking Forums
>Web and RSS access to your favorite newsgroup -
>sci.engr.joining.welding - 12181 messages and counting!
>##-----------------------------------------------##
"I am for doing good to the poor, but I differ in opinion of the
means. I think the best way of doing good to the poor, is not
making them easy in poverty, but leading or driving them out of
it. In my youth I travelled much, and I observed in different
countries, that the more public provisions were made for the
poor the less they provided for themselves, and of course became
poorer. And, on the contrary, the less was done for them, the
more they did for themselves, and became richer." -- Benjamin
Franklin, /The Encouragement of Idleness/, 1766
Bob La Londe
news:kpqdj599ct02mdlqo...@4ax.com...
Gunner gave good advice, but I would like to add a few things.
Ebay has fallen out of vogue with their outrageous fees and pressure to go
to a more Amazon like business model. There are nowhere near as many
average sellers selling on EBAY and fewer people looking there as a result.
As a result net auction prices for used equipment from average Joes like you
and me has fallen on Ebay.
Prices tend to be low this time of year on items not typically bought and
sold as Christmas presents. This tends to stay low for individuals until
late in January when they start to get their credit cards caught up after
the holidays.
Prices are low in general because the economy sucks and most people are not
buying anything they can do without. The end of the economic slump is not
in sight any time soon, so bear in mind if she needs the money you guys
might have to settle for less than if the economy was strong and you could
wait a month or two to get away from holiday bills.
I would trust Gunner's straight up estimate of value though as he deals in
used and salvage equipment all the time.
Bob La Lode
www.YumaBassMan.com
Gunner Asch
wrote:
Thanks Bob.
The seller may..may do much better on Craigslist or local "bulletin
boards" or even the newspaper. And photos are always a requirement!
Gunner
fran...123
"Bob La Londe" <nos...@nospam.no> wrote in message
news:hh86eo$dta$1...@news.eternal-september.org...
> Gunner gave good advice, but I would like to add a few things.
>
> Ebay has fallen out of vogue with their outrageous fees and pressure to go
> to a more Amazon like business model. There are nowhere near as many
> average sellers selling on EBAY and fewer people looking there as a
> result. As a result net auction prices for used equipment from average
> Joes like you and me has fallen on Ebay.
You don't think the majority of listings stating stuff like works great sold
as is no returns has any bearing on prices and how many folks wander around
those listings? Or virtually no description but a thousand words copied and
pasted from the manufacturers website and the item is used. Besides an
auction sale is supposed to be a distressed sale, at least in business and
industrial used stuff.
Can't you still get five listings with no insertion fee a month? So you
just decide what you want add what the fees would be and if it sells you
will get that or more.
At least here the newspaper will keep your classified ad going until you
sell. But it kind of costs $50 to get in the paper and on their internet
site with a few pictures and all the words you can type.
Fran
Bob La Londe
news:oePZm.592$yy2...@newsfe01.iad...
> Besides an auction sale is supposed to be a distressed sale, at least in
> business and industrial used stuff.
Depends on what you are selling, and how you market the auction. In the
early days of Ebay there were millions of things that went for way more than
the value you would have thought.
jbsl...@gmail.com
wrote:
Auctions are also frequently used as a means of establishing the fair
market value of assets in cases where the investors cannot agree. The
Distressed Sale is just that - auction the stuff and you have
established an arms length, fair market value.
Regards,
J.B.
Martin H. Eastburn
Something of come and get it - the rest goes to trash or scrap dealer.
e.g. out of town estate holder selling out.
Fine art, prized possessions of all sorts are done for price finding.
It often speaks about the cost of living and economy. Museum is low on
cash to buy that copper 1943 penny they want but can't get. Donations
and visits are down... Penny goes to international collector intending
to sell out.
Martin
fran...123
<jbsl...@gmail.com> wrote in message
news:km0gj5d2tufj77qqo...@4ax.com...
I took the real estate agent course and the real estate appraisal course.
Kind of like adult education, if you want to pay to take a test and do an
apprenticeship you can eventually be on your own. From memory there are
three things to get a fair market value. 1) sufficient exposure,i.e.
advertising 2) knowledgeable buyer and knowledgeable seller 3) sufficient
time. Maybe 1 and 3 were lumped together and I missed one. You don't use
auction sales (in your comparable analysis) in setting loan amounts. You
can also appraise by cost to replace and income production but those are not
nearly as common in the loan application process as I understand it.
Now with the eBay style of one bid increment above second highest bidder
model......
Do you expect your bidders to be re sellers or end users? You have to
expect a portion of the high bidders will be re sellers. If you start low
enough.
My point is that an eBay sale of a welder 1 and 2 may not be met 3 for real
estate is a minimum of 60-90 days.
A real auction or what I call a real auction once put up for bid the item
can not be removed. Yes some stuff is put up with condition a lawyer form
the bank must approve the bid. Contrast this with an eBay style auction
where the seller often states item is for sale locally and reserve right to
end at any time. This makes becoming knowledgeable buyer a potential waste
of time. On second thought horse auctions around here can get pretty sloppy
about this even the ones run by auctioneer hired by the state itself.
Fran
Steve B
group.
Don't go through all these gyrations. You asked for and got some prices.
Go to ebay and get a thumbnail idea of what they have been selling for.
Check advanced search - completed items. Ask at a local welding shop. Put
it on craigslist or the local paper or QuickQuarter and move it out. It's
only rocket surgery if you make it, and some here are into rocket surgery.
Good luck. My guess is that if it is in that good shape, start at 60% of
retail, and don't forget to add on for the items that don't come with the
machine. Those add up fast! You're going to have to do some homework on
this one. Keep phone numbers and call back the guy who offered the most.
Negotiate and don't just give it away.
Steve
RoyJ
Steve B
OP said he made a special account to just come here to ask the question. He
did not need a Ph.D. dissertation going into the minutiae of ebay and
auctions and everything else. Poor guy is probably miles away by now. Hope
he does make out in his search to do the right thing and sell his relative's
stuff at a fair price for the widow.
Steve
"RoyJ" <spam...@microsoft.net> wrote in message
news:GfadnSrShL3MZKXW...@earthlink.com...
RoyJ
he is not knowledgeable in the real value, will be dealing with a fair
number of bottom feeders. But your 60% number should be reasonable for
equipment that was purchased new (making an assumption here) , had just
hobbyist level usage.
Steve B
> One of the sad things is that the OP is unlikely to get top dollar since
> he is not knowledgeable in the real value, will be dealing with a fair
> number of bottom feeders. But your 60% number should be reasonable for
> equipment that was purchased new (making an assumption here) , had just
> hobbyist level usage.
A guy who knows tools once said, if it's been used ONCE, it's used, and
worth 50%. It's at least a starting point. Wish I had some extra cash
right now, as it sounds like the gear is going to be a sweet deal for
someone.
Steve
Ignoramus3589
> Hello, I created an account in an attempt to find out what my
> grandmother-in-laws
> welding equipment is worth. I told her I would attempt to help her sell it
> but I
> don't what it's worth.
>
> Her husband bought it before he became sick and it has barely been used at
> all.
> It's just been sitting in her shop, everything looks brand new.
>
> She has a Miller Shopmaster 300
$1000
> , a Miller Dialarc-HF for TIG welding, and
$600
> a Miller model S-52E wirefeeder. Like I said, these items are
> practically brand new.
>
> I haven't looked through everything to see if there are any foot controls
> or guns.
I would hope so
> Anyone have a guess as to what this equipment is worth? Thanks in
> advance for any feedback.
>
Just put them on ebay.
i
Ignoramus3589
> You don't think the majority of listings stating stuff like works
> great sold as is no returns has any bearing on prices and how many
> folks wander around those listings? Or virtually no description but
> a thousand words copied and pasted from the manufacturers website
> and the item is used. Besides an auction sale is supposed to be a
> distressed sale, at least in business and industrial used stuff.
With things that are sold locally, as in "local pickup and welder is
under power", this is not as big of an issue.
> At least here the newspaper will keep your classified ad going until you
> sell. But it kind of costs $50 to get in the paper and on their internet
> site with a few pictures and all the words you can type.
Welders sell like hotcakes on both ebay and craigslist. Just do not be
too greedy.
i
Pinstripe Sniper
>Hello, I created an account in an attempt to find out what my grandmother-in-laws
>welding equipment is worth. I told her I would attempt to help her sell it
>but I don't what it's worth.
How about donating the welding equipment to a community college or
vocational school and taking the tax deduction?
PsS
--------------------------------------------------------------------
A fictional account of how to drastically reform the financial world...
More at http://PinstripeSniper.blogspot.com and if that gets banned, check
www.PinstripeSniper.com
Too_Many_Tools
wrote:
> drowland_at_rfmd_dot_...@foo.com (powderfinger) wrote:
> >Hello, I created an account in an attempt to find out what my grandmother-in-laws
> >welding equipment is worth. I told her I would attempt to help her sell it
> >but I don't what it's worth.
>
> How about donating the welding equipment to a community college or
> vocational school and taking the tax deduction?
>
> PsS
>
> --------------------------------------------------------------------
> A fictional account of how to drastically reform the financial world...
And then you will take much less than what you will get on Ebay.
And the school may very likely sell your equipment to a local bottom
feeder who has friends at the school...happens all the time.
TMT
Eregon
news:57e17901-18bf-4cf0...@v25g2000yqk.googlegroups.com:
> On Dec 30 2009, 1:50�am, veryso...@nocando.com (Pinstripe Sniper)
> wrote:
>> drowland_at_rfmd_dot_...@foo.com (powderfinger) wrote:
>> >Hello, I created an account in an attempt to find out what my
>> >�grandmo
> ther-in-laws
>> >welding equipment is worth. I told her I would attempt to help her
>> >sell
> it
>> >but I don't what it's worth.
>>
>> How about donating the welding equipment to a community college or
>> vocational school and taking the tax deduction?
>>
>> PsS
>>
>> --------------------------------------------------------------------
>> A fictional account of how to drastically reform the financial
>> world... More athttp://PinstripeSniper.blogspot.com�and if that gets
>> banned, che
> ckwww.PinstripeSniper.com
>
> And then you will take much less than what you will get on Ebay.
>
> And the school may very likely sell your equipment to a local bottom
> feeder who has friends at the school...happens all the time.
>
> TMT
Isn't that how YOU got YOURS?
Pinstripe Sniper
>On Dec 30 2009, 1:50�am, veryso...@nocando.com (Pinstripe Sniper) wrote:
>> drowland_at_rfmd_dot_...@foo.com (powderfinger) wrote:
>> >Hello, I created an account in an attempt to find out what my �grandmother-in-laws
>> >welding equipment is worth. I told her I would attempt to help her sell it
>> >but I don't what it's worth.
>>
>> How about donating the welding equipment to a community college or
>> vocational school and taking the tax deduction?
>> PsS
>And then you will take much less than what you will get on Ebay.
This would largely depend on the tax bracket of the donor. A high tax
bracket combined with a donation value much higher than that in a
glutted market and the low hassle factor - no packing for shipping /
no sales questions / etc could make it the best option.
>And the school may very likely sell your equipment to a local bottom
>feeder who has friends at the school...happens all the time.
>TMT
PsS
--------------------------------------------------------------------
A fictional account of how to drastically reform the financial world...
More at http://PinstripeSniper.blogspot.com and if that gets banned, check
www.PinstripeSniper.com
Ignoramus29432
> Too_Many_Tools <too_man...@yahoo.com> wrote:
>
>>> drowland_at_rfmd_dot_...@foo.com (powderfinger) wrote:
>>> >welding equipment is worth. I told her I would attempt to help her sell it
>>> >but I don't what it's worth.
>>>
>>> How about donating the welding equipment to a community college or
>>> vocational school and taking the tax deduction?
>>> PsS
>
>>And then you will take much less than what you will get on Ebay.
>
> This would largely depend on the tax bracket of the donor. A high tax
> bracket combined with a donation value much higher than that in a
> glutted market and the low hassle factor - no packing for shipping /
> no sales questions / etc could make it the best option.
Per IRS rules, the maximum that you can deduct legally, is the amount
of money that the equipment could be sold in the marketplace. In other
words, the ebay price.
Writing off a donation at a "value much higher than that in a glutted
market" is illegal.
This rule is very often violated, but it is true.
i
ed smith
http://rittercnc.com/welding/Re-Value-of-Miller-equipment-16580-.htm :
ed smith
-------------------------------------
Ignoramus3589 wrote:
> $1000
> $600
> I would hope so
> i
##-----------------------------------------------##
Delivered via http://www.rittercnc.com/
Metalworking Forums
Web and RSS access to your favorite newsgroup -
sci.engr.joining.welding - 12415 messages and counting!
##-----------------------------------------------##
ed smith
http://rittercnc.com/welding/Re-Value-of-Miller-equipment-16580-.htm :
ed smith
I am interested in the Miller shopmaster welder for my own use. Can you
help me contact the grandmother and granddaughter that wanted to sell one.
als7...@yahoo.com
-------------------------------------
Ignoramus3589 wrote:
> $1000
> $600
> I would hope so
> i
##-----------------------------------------------##
Delivered via http://www.rittercnc.com/
Metalworking Forums
Web and RSS access to your favorite newsgroup -
sci.engr.joining.welding - 12416 messages and counting!
##-----------------------------------------------##