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Selling my Shopsmith, price fair?

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Forum topic by RobHannon posted 07-19-2018 11:39 PM 984 views 0 times favorited 11 replies Add to Favorites Watch
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RobHannon

141 posts in 614 days


07-19-2018 11:39 PM

I have a Mark V 500 from 1980 best I can tell. It has the Bandsaw, Jointer, Belt sander, Scroll saw, a 10” and a 12” disk sanding attachment (no clue why it has both), and I think what was the standard drill press, tablesaw, and lathe attachments for its time. I cleaned it up and tested everything and seems to be working as intended. Thing is I only see listings for the base machine with maybe the jointer or the bandsaw typically around $500. I was thinking of listing it for $750 with everything. Does that seem fair or am I being overly optimistic?

I’d love to keep it for its flexibility, but it just takes up too much space when I have moved on to standalone versions of most of the tools. I am now at a point that floorspace is worth more to me than extra toys in the shop.

In the Annapolis MD area if anyone is interested in the machine itself and wants to discuss.


11 replies so far

View therealSteveN's profile

therealSteveN

914 posts in 658 days


#1 posted 07-21-2018 04:40 AM

Rob I worked for ShopSmith for several years near the time you bought yours. I have followed their course since then, and it seems prices are all over the map. Being in the Dayton market where Folkearth had the company in Vandalia we are just saturated with them here, and what you are selling may not fetch 250 bux most of the time. BUT at the right auction, I’ve seen them zip up to a Thousand or better. Pricing on them is crazy, but more often than not depressing for the sellers. I don’t know if they can offer any thoughts, but the light is still on.

ShopSmith

If you are doing the Craigs List thing go ahead with your 750 price. Time will certainly tell if you are good there.

Best of Luck.

-- Think safe, be safe

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HonestlyMediocre

22 posts in 34 days


#2 posted 07-21-2018 05:04 AM

I see a ton of Shop Smiths on CL in the pacific northwest, I’ve had several offered to me at garage sales and when picking up other CL finds. I might even have one if I had power in my garage shop. Your price seems in-line with what I see sellers asking (here's a new listing on a 510) They are typically priced $500-750, though I’m not sure if they are selling or just de-listed. I watched one drop incrementally in price from $500 to $100 over a week last month, but I know the seller was in a hurry to liqudate for a move.

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JCamp

785 posts in 634 days


#3 posted 07-21-2018 01:15 PM

A lot will depend on your market but pricing in my area is everywhere up to $1500. I don’t know what your area supports tho.

-- Whatsoever thy hand findeth to do, do it with all thy might

View RobHannon's profile

RobHannon

141 posts in 614 days


#4 posted 07-21-2018 03:54 PM



Rob I worked for ShopSmith for several years near the time you bought yours.

Perhaps you can help me with this question. I have one item that I cannot for the life of me figure out what it is for. It came to me in a shopsmith box with some random screws that probably were thrown in. The cover fits in the box perfectly so I am pretty sure it was actually shipped in it and it came from shopsmith. Has the postage date of 1980 as well.

It is plastic and looks like it should cover or guard something but I can’t tell what.

View therealSteveN's profile

therealSteveN

914 posts in 658 days


#5 posted 07-22-2018 10:02 PM

Is the square end open? Is it open on both ends. Being plastic it’s a cover, all structural parts on the tools were either cast or aluminum. We didn’t mess with the planer, because no one was buying them, priced too high, but I wonder if it’s a belt cover if it’s open both sides?

I’ve never seen whatever it is, right color for the time, I’m just not sure. That kind of stuff is best to throw on E-bay, but first I would get end pics, and send them to ShopSmith for a positive ID, and make sure it’s whole.

That is another thought on selling is to part it all out, and sell it on E Bay. I’ve heard of folks taking what you are starting with making 5K or so doing that. Always somebody looking for some part, and it opens your sales area up to all of the US. Just have to know what everything is called. It would potentially take a while, and there you are best to start auctions for a dollar. Surprising to watch things go up quickly, doing so for a few items will give you an idea. Another thought to increase yield is to go onto the ShopSmith owners group sites, and show some pics, see what kind of nibbles you get. “I’ve got this SS part, and I am wondering what should I charge. Used to be they did that a lot, might not be ok anymore, but you can get parts ID’d.

-- Think safe, be safe

View RobHannon's profile

RobHannon

141 posts in 614 days


#6 posted 07-23-2018 01:22 PM

Yup back and square end are open. Certainly looks like a belt cover, but nothing I have has any exposed belts. I am going to send it on along with the machine to whomever buys it. Not sure I want the hassle of parting it out, although I have had a couple responses to the Craigslist add requesting me to sell parts.

View Steve's profile

Steve

553 posts in 666 days


#7 posted 07-23-2018 03:35 PM

You might have to piece it out. Only problem with that, is eventually you’re left with the pieces no one wants and then you’re stuck with them.

I think the main issue with shopsmiths is they aren’t very popular with younger woodworkers. Not many people know about them or what they are. Seems to be a niche market for those machines.

I’ve seen your post(Va here) and didn’t think the price was outrageous or off the mark(I’ve seen them listed from $300-$1500).

If you really want to get rid of it, you’ll probably have to drop the price enough to where someone will take the whole lot.

View bonesbr549's profile

bonesbr549

1569 posts in 3151 days


#8 posted 07-23-2018 06:26 PM

I loved mine and it served me well. I tried selling several times. Mine was a 500 upgraded to a 510. I ended up only getting 250 for it. Good luck. I still at times would love to have that horizontal boring capability.

Cheers.

-- Sooner or later Liberals run out of other people's money.

View msinc's profile

msinc

481 posts in 587 days


#9 posted 07-23-2018 06:53 PM

I live in southern Maryland and I have, over the last 20 years had several given to me. I never got more than $300 for one. Annapolis is a high dollar area for the most part and most serious wood workers want and get high end stuff. But, that don’t mean somebody with limited space wont have to have it. You can ask anything you want and I have seen them go for $750…just not one I was involved with. If someone offers you something like $400-$500 I would grab it and be happy. Then again, you are in the right place to get top dollar and for certain you wont get it if you don’t ask. I don’t know what that plastic thing is…I have never seen anything or at least I don’t remember anything like that with the ones I have had, but it has been about 5 years or so since I even saw one.

View Geeph's profile

Geeph

7 posts in 154 days


#10 posted 07-26-2018 03:16 PM

It’s a pulley guard.

It can work with the big accessories, like the bandsaw, that connect to the headstock via pulley/belt.

Here’s a link to the manual that might help you see how it would be setup:

http://www.shopsmith.com/ownersite/productmanuals/PulleyGuard_505892.pdf

I have one item that I cannot for the life of me figure out what it is for.

- RobHannon


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RobHannon

141 posts in 614 days


#11 posted 07-26-2018 03:58 PM

Thank you. That makes much more sense.

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