I picked up a 1967 Powermatic 45 lathe that I hope to restore. It wasn’t in the best of shape, but there where no cracks in the casting, it ran and I only paid $200 for it. Included in that, there was about 6 face plates, four sets of cheap tools (one harbor freight set never used), and an extra 1/2 hp motor. I plan on taking it completely apart so I can clean and give it a fresh coat of paint. I think I will also replace the bearings while I have it apart. Here are some pictures of it before I get started.
-- Steven - "Good enough for who it's for!"