Henry makes a valid point, but I also feel that my point is also valid: that if we're going to compare original selling price circa 1920 to the 2013 dollar-value equivalent, we need to clarify that the machine in question is factory perfect, and ready to use, the all lubricants are relatively fresh and will do their job, etc, as was the case in 1920.
I guess I'm feeling that the asking price for the machine($195), given its flaws(see post #1) is a bit high, and I was fishing a bit to check whether my Scottish heritage was rising to the surface and I was expecting a bit much, OR, whether for nearly $200, I could expect to find a cosmetically nice XI, needing only basic cleaning, relube, and fresh rubber to be fit for use.
The machine in question can certainly (in my modest opinion) be put into proper playing order w/o great expense, assuming the springs are still usable. I know for a fact that the pin that secures the winding-key socket to the winding gear has sheared, and until that's fixed, we won't know much about the rest of the motor.
Even the finish may be able to be revived and made reasonably presentable, but I doubt that it will be possible to remove all the dings and gouges from the raised mouldings. So on a scale of 1 to 10, 10 being "Perfect" (better than new), I don't see this machine having potential to be more than a 6 or 7. To make it more than that would certainly take more time & effort (=$$$) than would be required to to find a similar machine that is already cosmetically a 7 or better, that could be a 9.
I've seen some very nice XIV, XVI, and XVIII machines on CL for the same or a bit more money, but they are far enough away that travel and shipping costs kind of rule them out.
So. That's the thinking that started this whole thread...
I don't mean to criticize anyone who has an XI and paid more than $195 for it; I hope they got a nice machine and are very satisfied with it.
Frankly, I think I paid a couple hundred $ too much (Less than $1k) for my 1909 L-door, but I also felt it was a "very few in a lifetime" opportunity, as the machine came with all the original folders AND records, key, original packs of needles, AND the original bill of sale from 1910, and it is in very respectable condition. Would I ever be able to "make money on it" if I decided to sell it? Maybe, maybe not. Could I recoup my original investment ? Very likely. I bought it to have and enjoy, not to make money on.
I'm not out to make money on this XI in question; I just don't want to spend foolishly. And since I keep bringing-up the various cabinet issues, perhaps that should be a signal to me that I should walk away from it, maybe make a low-ball offer, and look for a nicer machine.
I mean, does anyone even bother lugging an XI to meets like Wayne feeling that they'll make money on it ? (Aside from an early model or one in oak)
