Featured Shop Equipment Help Needed.

Discussion in 'Tools' started by Bdigger, Dec 6, 2017 at 8:58 AM.

  1. Bdigger

    Bdigger Well-Known Member

    @springfld.arsenal
    My dad, in his early years was a High School Industrial Arts teacher, and building things was always a hobby of his. The basement is full of industrial grade tools, including a table saw, a metal lathe (for making gun barrels). a sand blaster, A drill press , a belt grinder, and bullet reloading equipment, plus other items She cant identify. Sis has no idea how to value, or dispose of these items. Any insight as to value of such stuff and the best way to sell them would be appreciated. Dad always kept his stuff in tip top condition. Here are some bad pics that sis took which probably wont help, but it's all I got right now.
    tool.JPG tool1.JPG
     
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  2. KingofThings

    KingofThings 'Illiteracy is a terrible thing to waist' - MHH

    WOW!!!!
    :)
    Got a pallet, boxes/crates and wrap?
    Spring may hit on that bait. ;)
     
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  3. Bdigger

    Bdigger Well-Known Member

    I think spring likes BIGGER machines, but thought he could help guide me on these.
    I didn't even mention all the AMMO and Collector / Handmade Rilfes....I need guidance on getting rid of that too!
     
    Last edited: Dec 6, 2017 at 3:19 PM
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  4. komokwa

    komokwa The Truth is out there...!

    you need a gun auction....
     
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  5. terry5732

    terry5732 Well-Known Member

    You don't know what you have. You need a good auction house. Or you need to learn each item yourself.
     
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  6. Bdigger

    Bdigger Well-Known Member

    That's the rub Terry. It's in Rural Michigan, there are no GOOD auction houses close by for my sister to consult. She is going to get me all the model numbers and pictures of the bigger machinery, so I can do some research here, but until then I'm flying blind. As for the guns and ammo, she wants to take it to a local dealer and just sell it all to him. I'm thinking there are some pretty valuable guns there......and there is a list of what they are and what my father values them for, but that and reality, can be very different. I do need to find an auction house that specializes in guns.....which I am researching. Getting them there across state lines might be a problem too......I haven't got that far yet.
     
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  7. terry5732

    terry5732 Well-Known Member

    The second amendment applies nationwide.

    Michigan is a depressed area. May be worthwhile shipping to Ohio.

    Time is part of the equation. Time to learn will yield better prices.

    Most of the larger shop equipment is likely of little real value for its bulk and weight. A handful of the right little pieces can be worth much more. I've sold rifle magazines for more than I got for the gun.
     
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  8. Bdigger

    Bdigger Well-Known Member

    Thanks Terry! I have located an auction specializing in Guns, and sent the info to my sister. If nothing else she can get an evaluation of the collection.
    She is frustrated because she learned today that even as executor of the trust, she has to get a separate EIN before she can do anything with it. That could take 3 to 6 months. that may give us more time to figure stuff out.
     
  9. terry5732

    terry5732 Well-Known Member

    Apply Online
    The Internet EIN application is the preferred method for customers to apply for and obtain an EIN. Once the application is completed, the information is validated during the online session, and an EIN is issued immediately. The online application process is available for all entities whose principal business, office or agency, or legal residence (in the case of an individual), is located in the United States or U.S. Territories. The principal officer, general partner, grantor, owner, trustor etc. must have a valid Taxpayer Identification Number (Social Security Number, Employer Identification Number, or Individual Taxpayer Identification Number) in order to use the online application.

    https://www.irs.gov/businesses/small-businesses-self-employed/how-to-apply-for-an-ein
     
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  10. Bakersgma

    Bakersgma Well-Known Member

    Getting an EIN for a trust isn't a big deal, Mike. I'm pretty sure that when we established Mom's Irrev Trust back in 2005 that her lawyer got one issued in days at the most.
     
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  11. Bdigger

    Bdigger Well-Known Member

    Thank you Terry and Bakers! your help is most appreciated. Sis is not too internet savvy, and she said she tried it online at the library today, but she couldn't figure out how to sign the form after she filled it out, She was trying to sign it on the screen with her finger. (electronic signatures are totally foreign to her). and the librarian would not help her because the form contained personal information. I just called her and told her she could get it immediately online. I told her to go to the lawyer or her tax person on Friday (next day off) and have them go through it with her. (I also explained electronic signatures to her Sheesh!)
     
  12. KingofThings

    KingofThings 'Illiteracy is a terrible thing to waist' - MHH

    There is or will be a way to do that some day. :)
     
  13. evelyb30

    evelyb30 Well-Known Member

    You can one some phones and tablets already.
     
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  14. komokwa

    komokwa The Truth is out there...!

    show us the guns.....i wanna see the guns......they sound unique..
     
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  15. springfld.arsenal

    springfld.arsenal Store: http://www.springfieldarsenal.net/

    Grinder shown might sell at something under $100., small Jet-brand lathe some amount probably under $1000. I can’t use those but would recommend trying CL since free and will be local pickup items. Most replies u get from CL will be scams so don’t put personal contact info in there. One popular scheme run from overseas is they want something they know nothing about and want it shipped to Moldova or somewhere, immediately, must send u large amt $ so u must send extra $ back, their check takes days to bounce and you are out some big $.

    I can’t tell anything about the guns without seeing them of course. If the guns are similar desirability to the machine tools then about any auction house with a good reputation should work, local or otherwise.

    If there are rare guns in very good condition then you should choose a larger house used to selling higher-ticket stuff, maybe one not too awfully far would be Rock Island Auctions. But if the guns aren’t “high ticket” RIA probably wouldn’t take them. If antique guns involved, might try Cowan’s in Cincinnati. I’ve sent guns and ammo to Redding Auctions in Gettysburg Pa and gotten decent results, they’re a family-run place, totally honest, quick payout.
     
    Last edited: Dec 7, 2017 at 8:00 AM
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  16. Bdigger

    Bdigger Well-Known Member

    Thank you springfld ! I really appreciate you taking a look and giving me info. Will share your info with sis.
     
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