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Need Quick Help Pricing Old Used Powermatic Model 50 Jointer

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Forum topic by RubberDuc posted 12-17-2016 04:05 AM 2524 views 0 times favorited 16 replies Add to Favorites Watch
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RubberDuc

45 posts in 359 days


12-17-2016 04:05 AM

Hi everyone,

Been lurking a while and needed some help on valuing a jointer I want to buy (pics below). It is an old (late 50’s early 60’s from my research on the pics) Powermatic (Green) Model 50. It is on a homemade base (ugly wood one), and has the guard with it. The guy is asking 300, which based on my research is high but wasn’t sure if my research was correct or not so wanted to ask. The guy is basing his price on what he paid (really shouldn’t do that b/c it is irrelevant but that is the way it goes sometimes). From reading around it should be valued anywhere from 150-250 based on condition. He says it is excellent, but I can tell from the pics it needs paint and a surface wipe down at a minimum. He says it works amazing, doesn’t need blades, etc. but you never know. He seems open to a little negotiation but I don’t want to offend him I just want a fair deal for both of us. I like the thought of restoring a vintage PM jointer, it just looks cool to me, but don’t want to have so much in it that I could have bought a nicer PM by the time I’m done if you know what I mean. It is sometimes hard negotiating with some people b/c of their emotions, but I thought I would ask the community of experts before proceeding. Jointers seem to be a bit odd price wise b/c for not much more you can get really nice stuff if that makes sense, for example there is a really nice Powermatic 6” Jointer Model 54A Longbed for sale too for 700 asking price, but don’t want to spend that much or get Chinese junk that is why I’m looking at this one. I’ve seen people asking 1000 dollars for these old model 50’s that look nice on ebay, and then seen forum posts where people say they are worth less than 100, so I’m needing some clarification. Thanks for any help, I’d like to make a decision asap, thanks.



16 replies so far

View MrUnix's profile

MrUnix

5975 posts in 2032 days


#1 posted 12-17-2016 04:36 AM

It’s worth what it’s worth to whoever buys it. If you do get it, figure on another $100 or so for new bearings, belt, knives (new or at least existing ones sharpened) and paint. Also figure in another $100 or so for a replacement pork chop guard (if you can find one) and a new stand. You will need to see it in person to determine what else it needs.

Cheers,
Brad

PS: I’d pay maybe $100 for it… maybe $150 if I was really motivated. $300 is way too much. If you don’t have a pressing need and have time on your side, I’d wait for a better deal to come around.

-- Brad in FL - In Dog I trust... everything else is questionable

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Aj2

1171 posts in 1631 days


#2 posted 12-17-2016 04:59 AM

It looks to be in good shape.
Do have a precision straight edge.Since you have the opportunity to check it out before you buy it see if the table are coplane.
Hopefully it hasn’t been lifted up from the ends of the tables too many times.
If the tables are out of alignment that would be boat anchor to me.
Aj

-- Aj

View RubberDuc's profile

RubberDuc

45 posts in 359 days


#3 posted 12-17-2016 03:41 PM

Thanks for the replies guys, that is what I figured, sometimes people are just not based in reality so you have to move on. I offered him 200 (which is too much I think) and he basically acted like he was offended :) It is frustrating though, seems most people are asking twice what these tools are worth, and would rather let them sit outside and deteriorate than sell them. I would think the fact no one had bought them in over a month on CL would be a sign to them but oh well.

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Ripper70

605 posts in 742 days


#4 posted 12-17-2016 04:08 PM

There are allot of people out there that seem to think their crap is worth big bucks but it ain’t. You’d be doing him a favor to get that giant hunk of iron out of his garage for $100 bucks. With no base and all the work you’ll do to get that thing in running shape, I think you’re right to move on and find a better deal.

-- "You know, I'm such a great driver, it's incomprehensible that they took my license away." --Vince Ricardo

View RubberDuc's profile

RubberDuc

45 posts in 359 days


#5 posted 12-17-2016 04:46 PM

I’ve located an older JET about an 1.5 hours away and the guy said he would take 300 (was asking 500!!!!???) I have no idea what these are worth, but from research seems like it should be <250? Looked rusty to me but he said it was just superficial and would wipe off, who knows, any advice on this one?:

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Aj2

1171 posts in 1631 days


#6 posted 12-17-2016 06:26 PM

I’ll echo what i said before.The most important thing with a jointer tables are flat and coplaner.Somethings that’s hit or miss with China made jointers.
Take advantage of buying used and bring a straight edge with you.

Aj

-- Aj

View BobAnderton's profile

BobAnderton

239 posts in 2623 days


#7 posted 12-17-2016 06:54 PM

So, I guess it’s dependent on where you are. I’ve sold 2 6” jointers locally in the past year. I got $200 for a Harbor Freight and $250 for a Delta, both of which were clean cast iron and in good shape with sharp blades (the Delta had 3 sets of blades, 2 of which were carbide). I would expect someone would be able to get $300 easy for the Jet and $400 for the Powermatic here. (Austin)
I wouldn’t hesitate to buy a jointer regardless of how coplaner the tables are. Nothing a little shim stock can’t fix.

-- Bob Anderton - Austin, TX - Nova 3000 lathe, Alaskan Mark III mill, Husqavarna Saw

View RubberDuc's profile

RubberDuc

45 posts in 359 days


#8 posted 12-17-2016 06:59 PM



So, I guess it s dependent on where you are. I ve sold 2 6” jointers locally in the past year. I got $200 for a Harbor Freight and $250 for a Delta, both of which were clean cast iron and in good shape with sharp blades (the Delta had 3 sets of blades, 2 of which were carbide). I would expect someone would be able to get $300 easy for the Jet and $400 for the Powermatic here. (Austin)

- BobAnderton

Wow, really, maybe I should relook at that Powermatic then? Most posts Ive found on it though are similar to the above pricing unfortunately.

View MrUnix's profile

MrUnix

5975 posts in 2032 days


#9 posted 12-17-2016 07:31 PM

You can find jointers all day long for big bucks. Those are the ones that hang out of CL for weeks or months, and for a good reason. Same with just about any used machine. Heck, there is a guy here that has been trying to sell a Powermatic 45 lathe for $1800 in marginal condition, and it’s been sitting out there for almost 2 months now. Another guy is selling a older HF jointer for $800 – same deal – been sitting out there for a couple weeks so far.

The real deals come and go quickly. OWWM Rule #5 has been the downfall of many people. The key? Know what you want and how much you are willing to pay – then set up an alert or two and be ready to pounce when it shows up. Being first in line is the goal for those deals, and procrastination and hand wringing about the purchase almost always results in a missed opportunity.

Cheers,
Brad

PS: When you run across a machine that you think might be a good deal – check to see how long it’s been sitting out there. If it’s more than a couple of days, either it might not be such a good deal, or it’s already been sold and the seller just hasn’t removed the listing.

-- Brad in FL - In Dog I trust... everything else is questionable

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Aj2

1171 posts in 1631 days


#10 posted 12-17-2016 10:03 PM

Also try searching for Joiner or planer you might get some hits.Also look at tablesaw listing some people bundle things and have a jointer not listed on the title.
Don’t listen to bob dovetail ways are a pain to shim.If it’s your first jointer then get one that setup correctly.Stay away from central machinery jointers.

Aj

-- Aj

View RubberDuc's profile

RubberDuc

45 posts in 359 days


#11 posted 12-18-2016 02:56 AM



You can find jointers all day long for big bucks. Those are the ones that hang out of CL for weeks or months, and for a good reason. Same with just about any used machine. Heck, there is a guy here that has been trying to sell a Powermatic 45 lathe for $1800 in marginal condition, and it s been sitting out there for almost 2 months now. Another guy is selling a older HF jointer for $800 – same deal – been sitting out there for a couple weeks so far.

The real deals come and go quickly. OWWM Rule #5 has been the downfall of many people. The key? Know what you want and how much you are willing to pay – then set up an alert or two and be ready to pounce when it shows up. Being first in line is the goal for those deals, and procrastination and hand wringing about the purchase almost always results in a missed opportunity.

Cheers,
Brad

PS: When you run across a machine that you think might be a good deal – check to see how long it s been sitting out there. If it s more than a couple of days, either it might not be such a good deal, or it s already been sold and the seller just hasn t removed the listing.

- MrUnix

Ha, I read rule 5, ain’t that the truth lol. The thing is, I really want a Powermatic, I don’t know why, I like them I guess, nostalgia, whatever. The only PM I ever owned was a 64A tablesaw, and I always was really proud of it, again not sure why, I think it was made in China? Anwyway, I like the thought of a vintage, USA machine. With that said I don’t want to just pay whatever b/c I want it. I would give the guy 200 I think, yeah that is too much I guess but it would be for me, but the guy won’t come that far. I could probably get it for 250, pretty sure, but that feels like I’m getting a bit screwed and can’t bring myself to do it. When I first saw it I thought 300 was a good deal until I reasearched, but that was just b/c of the name and USA made bit. Interesting thing is I see several model 50’s on ebay for 800+, not selling but that is what they are asking. Maybe he’ll budge in a few days, who knows…

View Ripper70's profile

Ripper70

605 posts in 742 days


#12 posted 12-18-2016 05:07 AM


Interesting thing is I see several model 50 s on ebay for 800+, not selling but that is what they are asking. Maybe he ll budge in a few days, who knows…

- RubberDuc

Forget what they’re listed for. Look at the selling prices of the completed listings. There were a couple of PM 50’s that sold in the ~$150 range and in as good if not better condition and were attached to the original stands/cabinets. If you really want to restore a vintage jointer (or any vintage tool for that matter) at least get one that has all the original parts included in the deal. For $300 bucks you’re considering a machine that has no stand/cabinet.

-- "You know, I'm such a great driver, it's incomprehensible that they took my license away." --Vince Ricardo

View RubberDuc's profile

RubberDuc

45 posts in 359 days


#13 posted 12-18-2016 05:37 AM


Interesting thing is I see several model 50 s on ebay for 800+, not selling but that is what they are asking. Maybe he ll budge in a few days, who knows…

- RubberDuc

Forget what they re listed for. Look at the selling prices of the completed listings. There were a couple of PM 50 s that sold in the ~$150 range and in as good if not better condition and were attached to the original stands/cabinets. If you really want to restore a vintage jointer (or any vintage tool for that matter) at least get one that has all the original parts included in the deal. For $300 bucks you re considering a machine that has no stand/cabinet.

- Ripper70

I agree, the cabinet being gone bothers me as well. Not considering 300, but was 200, but that is still too much I agree.

View RubberDuc's profile

RubberDuc

45 posts in 359 days


#14 posted 12-19-2016 03:40 AM

On a side note I jumped on another deal in my quest to rebuild my shop. After researching planers I decided I wanted a Dewalt 734 and tonight I found one so I jumped on it. Supposed to pick it up tomorrow but I ended up having to pay 235 (comes with a new set of blades). Condition looks to be excellent, used a handful of times. This is over the 50% rule I keep reading but I’m thinking this is a good deal?

View MrRon's profile

MrRon

4491 posts in 3077 days


#15 posted 12-19-2016 05:28 PM

The value of a product depends on your perception of it’s quality. To someone who thinks it is only worth the price of scrap iron; that person may not have an appreciation for good used American iron. If you do have an appreciation and can see potential, $300 is a reasonable price. Like antique cars, once they are gone, a piece of history is lost. My regard for old American machinery is the same as for antique cars. They can always be restored.
BTW, that Jet looks like a great deal. It’s not made in the U.S. but Jet makes great machines (Taiwan, not China).

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