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Market value for Lie-Nielson used planes?

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Forum topic by mds4752 posted 12-18-2013 03:49 AM 812 views 0 times favorited 5 replies Add to Favorites Watch
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mds4752

48 posts in 1172 days


12-18-2013 03:49 AM

I may have a chance to purchase some used Lie-Nielson planes from a gentleman. If they are in excellent condition, what is a reasonable % of new price I should offer? 75%? 50%? I’m just looking for a general starting point to offer him. Obviously extra heavy wear & tear and/or damage would mean a much lower value.

But let’s just say they’re excellent, what’s a reasonable offer?

Thanks much,

Mike

-- "Live each day as if it were your last; one day you're sure to be right." -- Lt Harry "Breaker" Morant


5 replies so far

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ShaneA

6472 posts in 2061 days


#1 posted 12-18-2013 03:54 AM

They hold their value. Not sure exact percentage, but way over 50 percent and probably approach the 75%, the vintage, model and condition will factor heavily.

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Loren

8301 posts in 3110 days


#2 posted 12-18-2013 03:57 AM

They hold value incredibly well. 90% of new retail is
about what I see them go for on ebay.

If you need the planes for less or he wants to
do you a good deal, offer less than 85%, but
be aware you can turn around and sell them at
a profit if you do that.

Unless the plane has broken handles or castings
I do not not think condition affects value of L-N
planes very much. Most are treated very well
though I’m sure somewhere you can find one
that’s been abused.

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Tim

3113 posts in 1424 days


#3 posted 12-18-2013 04:06 AM

Yeah 80-90% seems the going ebay value. Feel the guy out to see if he’s interested in cutting you a deal to see that they go to a woodworker that’s going to take care of them. That’s how another LJ got a deal on some LN planes and he might be by to comment. Otherwise if the guy knows what they are worth he’s not going to need to lower his price much.

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mds4752

48 posts in 1172 days


#4 posted 12-18-2013 04:07 AM

Thanks gents. I’m looking at them as users in my shop and wouldn’t plan to flip them. Hopefully he has a shoulder plane and a rabbeting block plane, maybe a smoother. We shall see.

I guess I shouldn’t be, but I’m surprised to learn their resell value is that high, but I’ll take your word for it. I did follow some auctions on eBay recently for some L-N saws and they certainly went for near new prices as well.

-- "Live each day as if it were your last; one day you're sure to be right." -- Lt Harry "Breaker" Morant

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mds4752

48 posts in 1172 days


#5 posted 12-19-2013 03:54 AM

Saw the tools tonight. There’s also a LN dovetail and a carcass saw. I’d never held a LN saw previously; felt very well-balanced and solid. Really liked it. I’m mulling over those two plus a low angle smoother and a small shoulder plane. I think there are about 3 other planes as well. He’s asking a more than fair price for them—right around the 70-75% of new pricing. I’m checking with Santa Claus tonight.

-- "Live each day as if it were your last; one day you're sure to be right." -- Lt Harry "Breaker" Morant

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