Myford lathe.

[rlukens]

I'm not in the market, but I thought this might be of interest.
https://tampa.craigslist.org/hil/tls/d/myford-toolroom-precision/6355201933.html

 

[Hopper]

Myfords are a toolroom lathe now? I guess that accounts for the $10,800 price tag.

If I were in the US where this lathe is, I think I'd be pursuing a South Bend and buying a milling machine with the change.

 

[goldstar31]

Sorry, computer error

 

[goldstar31]

Owning two Myfords with far more goodies, one must assume that some people drool on the slightest excuse

South Bends, nah-- not quite the Holy Grail either

I do get quite excited about sausage and mash but we all have our silly little things which turn us on- for no understandable reason

Oops

N

 

[ICEpeter]

Hello Hopper and Goldstar 31,
I am glad to see that both of you felt compelled to offer your opinion and evaluation of the Craig's List ad posted by rlukens a couple of days ago.

It allows me to add some insight and details of fact to this post since I am the one who posted the Craig's List ad for a " Myford Tool room Precision Lathe"

It may have been escaping your attention that an identical ad for a "Myford Super 7 Big Bore Lathe" had been posted on the HMEM Buy / Sell / Trade page for some time now. I posted that offer to sell there too. You do notice that the HMEM post makes no reference to a "Myford Tool room Precision lathe" because I knew full well then that it would invite instant derision by our HMEM resident model engineer experts.

Knowing that both of you gentlemen are not residents of the USA and as such are probably not too familiar with the Craig's List website and its operation and target clientele, which covers a wide range of people that are not necessarily model engineering experts like you two. To catch the eyeballs of as many people as possible and draw them to read the post, it was simply a marketing effort in deliberately choosing a more jazzy posting headline. And I have no regrets doing it.

I am sure you are familiar with the phrase value for money and how that is perceived. That perception varies widely based on the individual making that determination and its own personal evaluation of what one gets for the money. What's value to one is perceived as rubbish by others.

I like to leave it at that but in my personal perception of value for money, when I purchased the Myford Super 7 lathe I perceived it to represent a high value for the approximately $ 22,000.- in monies I spent to import the lathe and its substantial accessories from the UK as well as the additional items purchased to improve functionality and performance.

As for a yard stick to measure and compare the amount I just stated I paid when I made my purchase, consider that Myford on their website offers some new lathes equivalent to the lathe I am offering to sell. Looking at the Myford comparable lathe, offered by the Myford successor - RDG - presently, a standard short bed Super 7 Connoisseur with DRO, and adding to it all accessories I purchased for my lathe as well as packing / sea freight / customs / handling you will reach a number identical or more to what I paid for my lathe back when I purchased mine. Please feel free to look it up and do your own math.

Please note: At present you can not buy a Myford super 7 long bed lathe with induction hardened bed slides nor the long bed industrial stand and only a small number of accessories being offered today are available compared to when I made my purchase. For a glimpse at todays Myford pricing, the standard lathe industrial stand ex factory is about $ 1,000 plus shipping, etc. A long bed lathe stand would probably be priced at $ 1.300.- as a guess if even available.

Now in light of the foregoing is asking $ 10,800 .- for the lathe, being in excellent working condition as described in the sales offers, still being conceived as outrageous? Again, its the darned matter of how you perceive value for the money. As far as that goes, I might be on my own.

Cheers and y'all have a good day.

Peter J.

 

[bazmak]

Good post Peter, i for one did not think the price was too high for the lathe
and all the accessories that go with it..I have had a no of Myfords and consider them to be of excerlent quality.Most are still active and accurate after 60 yrs or so. That said they do appear overpriced simply compared to new lathes mainly
cheap chinese imports,of which i now have two. Enough said.If i had the lathe and paid what you paid including the accessories then i would be asking the same.A super 7b advertised in this months Engineering Workshop is priced at 5750 UK pounds sterling (US dollars almost $8000.

 

[Hopper]

Yeah righto. The last Myford I bought recently cost $400 so my perception is probably skewed.
To each his own.

As you admit, it's not a toolroom lathe by any stretch of the imagination though (I'm speaking as a time-served toolmaker) regardless of your admitted marketing hype so I think mine was a fair comment.

All the best with your sale.

 

[ICEpeter]

Hello Hopper and Goldstar 31,
I hope I didn't hurt your feelings. If I did, I offer my sincere apology.

Peter J.

 

[goldstar31]

As for me, I sincerely hope that the sale goes through for the benefit of all concerned.

Cheers

Norman

 

[cox24711]

hi peter I recently got a 1956 ml7 in superb condition with a milling attachment and all the standard stuff (face plate 3 jaw 4 jaw chuck etc) and a heck load of tools and a stand for $1800 AU ! in other words, $1380 freedom bucks ($US)

 

[ICEpeter]

Hello Cox24711
You sound really happy with your recent purchase of the 1956 ML7 lathe and accessories, and that's good.

I am not sure I fully understand what you are saying in your post and I assume it is a comparison between your 1956 standard ML7 with accessories and the modern Myford 2002 Long Bed Super 7 Big Bore lathe with DRO and accessories that I am offering for sale.

If my assumption of a comparison is correct, I would come to the conclusion that I need to increase my asking price considerably as a result of that comparison. Is that your understanding as well? Please elaborate.

Cheers.

Peter J.

 

[cox24711]

What I was trying to point out is that they really really hold onto their value!
comparing your relatively new super 7 long bed big bore to what new MyFord super 7 would cost ($10,653 USD £8,150) I think your lathe at $10,800 is a very fair price for what you are getting :thumbup:

 

[Hopper]

Hello Cox24711

If my assumption of a comparison is correct, I would come to the conclusion that I need to increase my asking price considerably as a result of that comparison. Is that your understanding as well?

Agreed. I think you said you paid $22,000 for your Super 7 originally and are now asking just $10,800, so yes you probably should increase your asking price. Maybe start at $15,000 and be prepared to drop it to $14,000 for a quick sale.

 

[ICEpeter]

Hello Cox24711,
Apparently, I read and understood your original post correctly in the way it was meant by you and I do appreciate your additional comment and clarification. Thanks.

Peter J.

 

[ICEpeter]

Hello all,
Thank you for your interest in the Myford Super seven lathe I had posted for sale. I am happy to let you know that the lathe was sold last week off Craig's List for the asking Price.

Thanks to all of you who made offers.


Peter J.