Drill Press 1150 Value?
- Thread starter SallyAnn
- Start date
Packard V8
Well-known member
That Powermatic 1150 is one of the best light industrial drill presses ever made. Cleaned up and correctly advertised, it could easily bring $1500 in today's market.
In fact, locally, there's a less-capable Delta on craigslist for $1500 today.
jack vines
In fact, locally, there's a less-capable Delta on craigslist for $1500 today.
jack vines
Bretny
Well-known member
I would list it about $350 and take 250.
Thank you so much for the info, I will be working on this!
FJ 432
Well-known member
Where are you located?
Cherry Valley, Illinois (northwest Illinois)
FJ 432
Well-known member
Wish you were closer. Your husband had good taste in drill presses.
Thank you, I know he used it a lot!
There aren't many drill press fetching those big bucks in the Chicago area---$1500 is extremely high for a DP that has little support for replacement parts. In particular, the prices in the Rockford area (near Cherry Valley) tends to be lower than average as well. I agree Powermatic made some nice presses, but their variable sheave pulleys do wear out (or break) and are very expensive to replace. I would suggest that the seller look at prices of similar drill presses in her area or the surroundings, and note that very high priced items may sit on CL for months/years without getting sold.
I would argue that the quality of the Wilton (USA) drill presses are comparable to Powermatic, and have similar specs. Here's a stepped pulley version for $400 that's been listed for awhile:
DRILL PRESS - tools - by owner - sale
Made in the USA Wilton drill press Excellent condition Model 3816
chicago.craigslist.org
I actually own the VS version of the same Wilton USA DP and if I died tomorrow I would expect it to fetch no more than $300-400 to my spouse.
Further, I suspect that many guys would rather buy a newer model drill pres with the perception that it will last longer and require no repairs for the immediate future. Jet makes some attractive models with modern features, ie great tables w/lifts, and lots of available accessories. Here's one locally for under $1K:
Drill Press - tools - by owner - sale
This is the newer design JDP-17. I haven't used it a lot and was tempted to list it in "like new" condition. I shortened the power cord, so I will include a heavy duty extension to bring the cord...
chicago.craigslist.org
seber
Well-known member
It may take a while but it should sell at $600.
Woods_Wanderer
Well-known member
As you can see it depends a lot on your location and the machine's condition. Here in central Texas it would sell for around 350-500 in that condition.
Edit: Don't let anyone turn that big dial on the top-front when the machine is turned off-it can break the mechanism. It has to be running to change speeds.
Edit: Don't let anyone turn that big dial on the top-front when the machine is turned off-it can break the mechanism. It has to be running to change speeds.
RTM
Well-known member
An 1100 is listed for $350 here in the Bay Area
None of those drill presses you listed are PM 1100 class machines. I would pay $1,000 for a PM 1100 before I would pay $500 for either you listed. For example, look up the shipping weight. I don't know the weight of the PM 1100, but it is probably 350 pounds. The 350 pounds adds a ton of mass and rigidity. For reference the Jet drill press shown is under 200 pounds.There aren't many drill press fetching those big bucks in the Chicago area---$1500 is extremely high for a DP that has little support for replacement parts. In particular, the prices in the Rockford area (near Cherry Valley) tends to be lower than average as well. I agree Powermatic made some nice presses, but their variable sheave pulleys do wear out (or break) and are very expensive to replace. I would suggest that the seller look at prices of similar drill presses in her area or the surroundings, and note that very high priced items may sit on CL for months/years without getting sold.
I would argue that the quality of the Wilton (USA) drill presses are comparable to Powermatic, and have similar specs. Here's a stepped pulley version for $400 that's been listed for awhile:
DRILL PRESS - tools - by owner - sale
Made in the USA Wilton drill press Excellent condition Model 3816chicago.craigslist.org
I actually own the VS version of the same Wilton USA DP and if I died tomorrow I would expect it to fetch no more than $300-400 to my spouse.
Further, I suspect that many guys would rather buy a newer model drill pres with the perception that it will last longer and require no repairs for the immediate future. Jet makes some attractive models with modern features, ie great tables w/lifts, and lots of available accessories. Here's one locally for under $1K:
Drill Press - tools - by owner - sale
This is the newer design JDP-17. I haven't used it a lot and was tempted to list it in "like new" condition. I shortened the power cord, so I will include a heavy duty extension to bring the cord...chicago.craigslist.org
I have a PM 1200 and would not consider selling it for less than $1500. The PM 1200 is more machine yet, (roughly a 600 pound drill press), over the PM 1100, but the PM 1100 is no slouch either.
Man if I still lived in Chicago I'd be very interested....
As others have mentioned, that machine if even moderately well cared for during it's life is far more of a drill press then 95% of the new things out there and basically everything you can buy at a retail targeted for retail consumers.
It also has a 110V sticker on the side which would be "normal" for a garage but many of these are former factory machines and ran off 3phase power that generally doesn't exist in garages so makes getting them useful more challenging
If it worked smoothly, ran thru the speeds without excessive runout I'd have no problem paying 750 and would possibly go higher depending on condition of the table(under those 2 pieces of wood). I agree that around $1,000 is probably near the high end depending on condition and what other bits/chucks etc come with it
As others have mentioned, that machine if even moderately well cared for during it's life is far more of a drill press then 95% of the new things out there and basically everything you can buy at a retail targeted for retail consumers.
It also has a 110V sticker on the side which would be "normal" for a garage but many of these are former factory machines and ran off 3phase power that generally doesn't exist in garages so makes getting them useful more challenging
If it worked smoothly, ran thru the speeds without excessive runout I'd have no problem paying 750 and would possibly go higher depending on condition of the table(under those 2 pieces of wood). I agree that around $1,000 is probably near the high end depending on condition and what other bits/chucks etc come with it
Indexmill
Well-known member
SallyAnn, Here is the truth:
Top dollar as-is working- $1200
Most likely - $400-800
Get it gone- $250
Top dollar as-is working- $1200
Most likely - $400-800
Get it gone- $250
If mass is the primary concern a vintage Delta DP600 weighs over 400 lbs and can be bought locally for under $400 (I sold mine for $100 when I retired a few years ago). I would have no issues buying a lighter machine if it had the features & capacities I needed.
Lookin4'67Galaxieconv
Well-known member
Of course a lighter machine is fine if all you do is drill smaller holes, but if you want to drill 3/4" holes in steel then you can not beat a heavier machine. The old Delta DP600 is a god machine. Better than any cheap import you can buy for under $2,000.
I ran a 3/4 HP import for years and drilled holes in just about anything with it, but it flexed a lot and really was not up to the task. The table would flex so badly it was not safe. With my PM 1200 it does not flex, a least I can't see it. I suppose a dial indicator might show some flex. It drills 3/4" holes in steel with ease.
Another thing that might make the PM 1100 favorable, most were variable speed and I much prefer spinning the speed handle to loosening the motor mount and moving belts on a step pulley.
I think it depends highly on the market you're in. I'd estimate $800-1200 and there's no way I'd sell it at the "want it gone" price of $250. That's silly and leaving lots of Benjamins on the table. The market for vintage DP's has been pretty hot the last couple years.
Maybe start at $1000 and bring it down $100/wk until it sells.
Here's one data point:
Maybe start at $1000 and bring it down $100/wk until it sells.
Here's one data point:
powermatic variable speed drill press with Jacobs chuck and key. pick up here | eBay
powermatic variable speed drill press. 110 volt , Jacobs chuck and key included. runs good
www.ebay.com
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Well you hurt the woman. Giving her the unrealistic expectation that she can or will get $1500 for that press is a shame. Selling old machines may be as simple as a Craigslist, eBay or Facebook post post and it is gone in a few days. Then again it might take a year to get top money for a used/vintage tool. Is the VS in good condition? How about the raise lower mechanism? Any broken parts there? How about the table, is there an arc of shame? Old machines are also a parts list. Some parts are impossible to find and are unobtainium. So a machine with a broken part that can't be replaced without considerable cost takes its value down considerably.
Look maybe it is a $1500 dollar press. I don't know. I would be skeptical of anyone that just tossed that dollar value around from just viewing a couple internet images.
Don't go into it expecting top dollar. Realize there is a range that it could sell for.
Look maybe it is a $1500 dollar press. I don't know. I would be skeptical of anyone that just tossed that dollar value around from just viewing a couple internet images.
Don't go into it expecting top dollar. Realize there is a range that it could sell for.
bl00
Well-known member
Did someone forget they had already replied with their alternate identity?
Mass is absolutely a factor, a large one, when precision comes into play _ Mass = stability = precision
quartermeter
Member
- Joined
- Aug 27, 2021
- Messages
- 21
All i can say is not one of you have priced or bought anything lately.
Just put the PM 1100 on Ebay for $1200 OBO and wait.
Post several pictures and say they must load themselves.
Just put the PM 1100 on Ebay for $1200 OBO and wait.
Post several pictures and say they must load themselves.
Just picked one up for $250, but it's got issues. Grinding noise when I fired it up. Might be expensive, might just need some TLC. Find out when I get around to tearing it down.
It's really depressing bargain hunting tools. It won't be many years before it's my stuff getting sold off.
It's really depressing bargain hunting tools. It won't be many years before it's my stuff getting sold off.
Shiftless
Well-known member
OP hasn’t logged on in the past 16 months. Hopefully she has cleared out her deceased husband’s shop and moved on with her life and not still waiting for a CL buyer with $1500.
Renegade1LI
Well-known member
If you want to sell it, list or for 550 and see what offers you get and how long you want to wait. I paid 250 for one and the hundred for a second one about a year ago.