
Originally Posted by
jackie schmidt
Not as much as you think.
Large manual lathes are not in that much demand. Many newer ones are converted to CNC if profitable, but the machine has to be in as new condition.
This Lathe was manufactured in the ‘60’s, and was bought by the Government to machine shafts for non nuclear submarines and smaller surface vessels. It went out of service in the ‘80’s and was put in government storage.
Belmont Machine bought it out of Government Storage.
They wanted $150,000, there is a shipping charge, and of course we have to set in up. It’s on 440 volts, so we will have to purchase a transformer. Everything else is pretty standard stuff.
With what we are getting in trade, we will have about $140,000 invested. Not a lot considering the quality of the machine, and our need for it.