I'm off to an auction next week where there's only one piece of metalworking equipment. The description is Jet Lathe 619 py. I'm sure its Asian origin, so I don't want it. But I would buy it for speculation. An out of place item at auction often goes for dirt. Can someone tell me more about this unit? Especially probable resale value.
"Karl Townsend" wrote in message news:basne.880$ email@example.com...
Why not let it be bought by someone who would actually want it and value it for what it is? There are many home machinists on this NG who don't have big tooling budgets and would really appreciate being able to get a decent lathe, even a "cheap" Taiwanese or Chinese Jet lathe.
If there's someone there that wants it, he'll outbid me. However if somebody is going to steal it, it might as well be me Over the years, I've paid for my time a sittin' at the auction all day by being prepared to purchase whatever is being given away that day. You got to know your values ahead of time, so far I haven't found anything about this model lathe.
Now, I do wish I had been smart enough to buy up ford utility tractors and equipment. For years, the scrap metal guy bought these. Today, a junky 8N brings 4K if you paint it.
Check the ways. The 10 x 24 Jet we had didn't have hardened ways and wore pretty bad, especially near the headstock. It also had a bad chatter when parting, mostly because it was too light in the carriage and cross slide. I later bought a 12 x 36 Shun Shin lathe, also Taiwanese, and it was a much nicer machine. Its only flaw was the use of a single key between the drive gear and spindle, and it wore somewhat and would clunk on startup. The geared head was handy, as was the Camlock spindle.
619 is probably not a Jet designation- as far as I know, the smallest lathe they have ever offered was an 8" x 18" which was styled on a unimat- it included a small milling/drilling head. This lathe was called a "818", as all jet lathes have been labelled by swingxlength. IE 1024, 1236, 1660, are common Jet lathe names. Their smallest common lathe is the 9x20 size. Could be its a totally different size of Jet lathe, or it could be not a lathe at all- hard to tell without more info. The little Jet lathes, the 9x20's are similar to the other 9x20 lathes out there- but usually Jet is more expensive. they sell new for about $750 to $1000, depending on the model. Resale value depends a lot on where you are- in urban areas of the west coast, it could be 75% of new. In rural areas of the northeast, it could be as low as 10% of new. Depends on supply and demand, local attitudes,and condition. If it is a good shape 9x20, and it has some tooling and a stand, resale is likely to be at least $500, but again, your location could be totally different.
Well, Jet model numbers tend to indicate size. 1024 is a 10x24, 1340 is a 13x40. But they never made a 6x19 that I know of. But almost any Chinese metal lathe bigger than 9x20 will fetch over $1000, and Jets tend to bring a little more than some. If it's a 9x19 or 9x20 some will still pay $600, even though they can be had new for that.