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Reply by clrcopy

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Posted on Old Craftsman vise-Does your wife know what your tools are worth?

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clrcopy

43 posts in 688 days


#1 posted 627 days ago

I was amazed to see this post this morning. For some odd reason I was watching the news this morning and started thinking, I need to do a basic inventory of my tools, list what I paid, and what approx market value is at this time, and then date it, to possibly be updated later. If any of you have seen any of my posts, I lost all my tools in a divorce 5 years ago, and have recently been rebuilding. I’ve been very lucky with Facebook for sale groups and Craigslist. I’ve basically bought all the “big” tools for less than I spent on my Ridgid Table saw years ago. So, with that said I’ve found great deals, and if I should pass, I would hope my tools would either go to someone that would truly appreciate and use them, or generate at least some $$.

Recently a gentleman in my area “stopped” woodworking (never did find out why) but he had very high end equipment, larger cabinet saw, larger planer, drum sanders, etc. Some of these items had pricing on CL, and they were about half of what these tools go for new. I didn’t make it to the day of his “garage sale” but contacted him the following week to see if anything was left and I could come by to check them out. ALL of the big tools were gone, some minor batches of screws and various hand tools left, but nothing worth making the trip. He sold out in 4 hours. Wish I could have gone.

As I’ve heard before, the value of an item is what someone is willing to pay for it. Several of the tools I’ve bought off of CL, I didn’t even haggle, was excited to pay what they were asking because it was a great deal, I needed the tool and retail was MUCH higher. Again, what I was willing to pay ended up being the value. :) So I guess my point is, don’t undervalue your items, as there might be someone out there willing to pay, like I was.

-- Doug Rowan, am I working the wood or is the wood working me!


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