I’d love to buy a quality old American Clausing or older powermagic but I’m in Oregon and can’t seem to find anything.
Search for online auction sites that specialize in shop tools. I used to see Clausing and Powermatic drill presses all the time in California and the Seattle, WA area. LA is probably to far to go, but for the right deal, maybe? I drove about 300 miles to get my Powermatic 1200. The PM 1200 and the Clausing were my two prefered drill presses. I looked for over ten years before I found one. I have had mind for about that long, then the funny thing was a buddy of mine was looking for a similar drill press and I found him a PM 1200 a couple miles away.
I looked hard at the Powermatic PM2800 and it looks ok, but keep in mind it is a Taiwanese import, I don't care whose label is on it. Plus the speed range is 250 to 3000 RPM. A bit fast for drilling large holes in steel. Like the other comment, more of a wood working machine.
Back when I bought my PM 1200 they were about $1,000. A PM 1200 depending on the work table and base is a 600 pound drill press. The PM 2800 is 250 pounds. That difference in weight adds to the rigidity and how the machine works. I would not trade my PM 1200 for a brand new PM 2800, if that gives you any idea! Another way to look at it is the PH 1200 sold for around $3,500 in the mid 90's when it was discontinued. With inflation that works out to about $7,000 today.
Another funny about the one I bought, I saw it for sale on Craig's List. I contacted the seller to get more information. He had it listed as a Powematic, and no other information. He was asking $1,000. I asked the model number and if it was single of 3 phase. He never got back to me. I would have paid the $1,000!
A month later it was advertised for $600! I e-mailed the the guy and asked if he still had it, he said yes and e-mailed back that I was on the way, remember a 300 mile drive. He took about an hour to get back to me and I am long down the road. He said he couldn't meet me but would try line something up, I kept driving! My buddy that was with got a kick out of it that I didn't even have anything arranged when we left. A while later a guy called me, said he worked for the seller and he could meet me at 7 PM. By now it was like 4 PM and I was about an hour away. We stopped and had a nice dinner at a bit more expensive restaurant close to the meeting point, then went over to pick it up. It was what I was hoping for other than 3 phase, but I had a VFD on hand. I have since replaced that VFD with one more suitable.
We got home about midnight, but it was well worth it!
My PM1200