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Antique Steel Wheel Tractors - Old Iron Lugs and Cleats Photos and information about antique steel wheeled farm tractors. This is where to find the heaviest of Old Iron tractors.

Antique Steel Wheel Tractors - Old Iron Lugs and Cleats

Is old Iron a good investment?


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  #11  
Old 09-13-2017, 04:07:02 PM
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Default Re: Is old Iron a good investment?

I always told my wife that my old iron was our retirement money. After starting collecting around 1983, i made some pretty good buys that have increased in value since then many times. But i still think investing in a good plan would have actually gained more in the long run. So far old iron has been a solid investment, for example at worst case i bought an F-14 for 175 dollars, put 500 in it and sold it for 900 after owning it for 27 years. Had an Avery threshing machine i paid 400 dollars for and sold it for 1800 three years later. I don't know, for me it averages out to be really good, and fun at the same time. But, i always said that even if they were worth nothing i would still own them. Buying right and early was the key, i think. I'm not too sure how much old iron is priced for investing right now.
At the same time i have paid way too much for a couple of tractors that i really wanted.......there goes the investment.
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Old 09-13-2017, 04:54:17 PM
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BMyrkle BMyrkle is offline
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Default Re: Is old Iron a good investment?

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Originally Posted by Russ Hamm View Post
At the same time i have paid way too much for a couple of tractors that i really wanted.......there goes the investment.
More often than not, I've bought things just because I wanted them, rather than because I thought they were a good deal. I can't imagine how my enjoyment of collecting things would change if I had to worry about whether I'd get my money back out of them.
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Old 09-13-2017, 05:11:04 PM
Scotty 2 Scotty 2 is online now
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Default Re: Is old Iron a good investment?

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Originally Posted by oldironlindy View Post
Also curios if anyone has retired early because of a wise purchase they made when they were my age. Thanks!
I brought an income protection insurance at age 32 and had a policy that covered me until age 65.
In 1997 I had a serious accident and never worked since.
I would say that was a wise investment.

If you have the space to store them. Over the years I have brought a few cars when they were about 10-15 years old to use as daily drivers. No-one seems to want them when they're 10-15 years old and they're cheap as chips. I usually drive them for 10 years or so and park them in the shed and buy another.
When they get to 30-40 they seem to jump up in value.

Cheers Scott
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Old 09-13-2017, 05:13:36 PM
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Default Re: Is old Iron a good investment?

My grandpa almost bought a 40-80 Avery that was in running condition for $400 in the 70's. His brother in law laughed him out of bidding. Hind sight is 20-20 I guess.
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Old 09-13-2017, 05:30:02 PM
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Default Re: Is old Iron a good investment?

My banker advised me not to borrow $2000 to buy a running E 30-60 Oilpull in 1968. I saved for a year $1000. He then advised against my borrowing $1000 so I could buy it. I didn't take his advice and borrowed $1000, bought a round trip air fare from Chicago to Fargo ND for $85 and looked and bought it for $2000.
Should I have taken a banker's advice? I'll not sell it. All is going into a trust. I did go a little out of line on my last purchase but something was a little special about it.
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Old 09-13-2017, 05:38:33 PM
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Default Re: Is old Iron a good investment?

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Originally Posted by Tim Colwell View Post
My grandpa almost bought a 40-80 Avery that was in running condition for $400 in the 70's. His brother in law laughed him out of bidding. Hind sight is 20-20 I guess.
I couldn't get my banker to loan me $6,000.00 on a running 8-16 International some years ago, ended up buying 3 parts tractors for $3,000.00
years later to make one run, plus parts and labor.
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Old 09-13-2017, 05:43:57 PM
Andrew Mackey Andrew Mackey is offline
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Default Re: Is old Iron a good investment?

As others have noted - values go up and down. the Hunt bros. drove the price of silver thru the roof. Someone finally made a margin call and the worth of silver went down the tubes. my dad collected glassware - rare tumblers, daisy and button ware, all kinds of copper lustre and silver luster ware -cost thousands. Now, worth pennies on the dollar same for silver coins and silverware - the expensive stuff, not plate from china. it used to cost a mint. Now you are lucky to get scrap price! Unless paul revere made it during the revolutionary war, it's not worth much. Furnature has also gone down. As others have noted, the new kids are not collecting, nor have much interest in material goods. They want all the newest electronic toys, with all the bells and whistles, that are obsolete within a year or so. They have no sense of history or value on older items

Keep your money in the IRAs. Use 'disposable' money for things you like (like old iron and vacations). You might get lucky with a barn find or at a sale, but these are sure to be short term gains. Use them to build your collection. Trade up! Do not depend on their value now as a hedge against the future. Play it smart, and watch your investments carefully. BE SURE the broker is working for you, not the other way around!

Been there done that!
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Old 09-13-2017, 06:27:04 PM
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Default Re: Is old Iron a good investment?

This discussion reminds me of glass insulators and some other things. Remember when insulators were a big deal and now you can't give em away? Old iron hasn't done that, for the most part.
Also, antique wrenches, iv'e paid four dollars for a wrench that i really wanted just to watch a bundle of them sell for two dollars at auction years later. I think once everybody on the block started pulling some of that stuff out of the barn and saving it from the garbage man and every flea market had multiples on the shelf the price will drop. Add to that some of the vast collections that have come up for auction and there you are.
Some of the items that leave me baffled are the "new" collectables that are marketed in limited quantities such as farm toys and belt buckles, etc. We already had collectable old items enough to make a horder out of anyone, then some marketing genious manufactured some more. Isn't that something, or is it just me? You all have seen these at auctions, my Dad collected every Hesston belt buckle made, some of them bring more than new price, but the complete sets probably do best.
State quarters, i started collecting them and dropped out a few years into it.
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Old 09-13-2017, 06:53:57 PM
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Default Re: Is old Iron a good investment?

This is why a lot of interest in our hobby has died. It is a hobby not an investment plan. Many years ago a very good friend of mine who was a pioneer in our hobby told me he bought steam engines and Rumely Oil Pulls because he loved the history and didn't want to see the junkies destroy everything. He said if he thought of it as an investment he could have had 100 times as much stuff. I paid him $5,500 for an original 16-30 Oil Pull he paid $500 for. It was a nice side benefit that it did increase in value. But if your drive is to make money on the investment of old iron you are missing the point of the hobby. Nothing disgust me more than for someone to step inside one of my buildings and say "do you know how much money this stuff is worth"? That shortens the visit greatly because the person misses the point of the hobby.
If your driving force is to make money my advise is make sure you take on all the overtime at your place of work you can. In my younger days I put every dime of spare money I had into my hobby not for investment for monetary increase but because I loved the old iron. As you get older you realize it's time for some of the stuff to go to a younger owner. If you make some money on it then great but don't make that as your driving force to collect iron.
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Old 09-13-2017, 09:09:21 PM
uglyblue66 uglyblue66 is offline
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Default Re: Is old Iron a good investment?

Well, I remember when i started into this hobby at about age 14 I had a couple lawnmowers and thought i was doing good. About age 21 I started going to shows and bought 5 and 10 dollar briggs engines and others. I have a shed, about 12x12,I have always called my "retirement" account. I thought that when i got older I could sell a 5 dollar engine for about 35 and get a return . Wrong. I can still buy 5 and 10 dollar engines. that building is floor to ceiling,and others are stuffed to.
So as far as a return? That is when i go pick 1 out of the pile and refurbish it and display it at shows. I can participate in a show and interact with similar minded people. That takes my mind off my pain,my worries.Even if for just a few hours. So actually, It is cheaper than medicine for depression and other ills I would need to take if I stayed at home all the time.
.That equals a small return on my investment in the end.
Garden tractors,similar situation,I got them cheap,still have them,and still get some cheap.
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