PDA

View Full Version : Jet Lathe Value?



carlquib
08-02-2008, 04:28 PM
My brothers father in-law passed away and they asked me what a 25 year old 12 x 36 jet with quick change gearbox was worth. I told them I thought about $1500 with the accessories that he had for the machine but I wanted to get a second opinion here. The machine is very nice or at least it was the last time I saw it, and I am sure it is because of illness he was unable to use it since I last saw it. It is in north eastern Wyoming if it makes any difference.

Any takers on giving me a second opinion on value of this lathe?

-brian

JoeFin
08-02-2008, 04:45 PM
Fully tooled - maybe $1200 but most likely it would fetch $1000 CL or FleaBay

carlquib
08-02-2008, 05:14 PM
Thanks Joe, that is what I thought. They were really disappointed with the first estimate that I gave them. I guess that he paid almost ten grand for that lathe when he got it. I just told them the difference is the flood of cheap asian machines and the fact that cnc is replacing the manual machine even for simple repair jobs.

-brian

KiddZimaHater
08-02-2008, 05:47 PM
I bought my 12x36 Jet, advertised in the local newspaper, for $500.
If that's any help.

lakeside53
08-02-2008, 09:45 PM
You may get more locally than your think. Freight is a killer for ebay sales, and most savvy local guys know that value. Unfortunaly the Jet of that era is "just another Asian lathe', and will always be priced accordingly.

torker
08-02-2008, 09:53 PM
Around here... in the middle of nowhere, that lathe would easily bring $2500, maybe $3000.
Is it a "typical" 12X36? Jet makes different qualities of lathes as I understand it.
I guess if it weighs the typical 1200 to 1300 pounds (or so) it would be run of the mill. Some of them Jet lathes where a lot heavier. Do you have a Model number or anything like that for it?
Russ

huntinguy
08-02-2008, 09:59 PM
Thanks Joe, that is what I thought. They were really disappointed with the first estimate that I gave them. I guess that he paid almost ten grand for that lathe when he got it. I just told them the difference is the flood of cheap asian machines and the fact that cnc is replacing the manual machine even for simple repair jobs.

-brian

Are you sure it is a 12x36 jet? $10,000 seems way out of line 25 years back. My dad bought a jet nock off about 30years back and it was $1,500 if I recall correctly. The jets, I think were around $3,000 maybe $5,000.

What tooling is involved?

Are you sure it wasn't one of the 13 inch gap bed gear heads? They were more of a production/tool room type machine (I think $10,000 would be high for that too); the 12's were more of a home shop tool.

torker
08-02-2008, 10:07 PM
Who is it.. Jim Glass? Has a heavy Jet that's worth quite a bit to buy new.
He may know...but if that lathe DID cost $10G's it can't be run of the mill.

Bob Ford
08-02-2008, 10:16 PM
I bought a new Jet 12X36 belt drive bench lathe in 1985 or there abouts. $2600.
I think it was about 1988 that the company that made that model went out of business and parts are no longer available. It is a sturdy and still accurate lathe, just hope nothing that I can not repair breaks. Manual is out in the shop so don't have the model number.

Bob

carlquib
08-03-2008, 12:39 AM
I thought that $10,000 sounded awfully high, but I wasn't going to challenge what they remembered he paid for it. It is one of the heavy jets, on the cast iron stand. I would guess it weighs 3000-4000 pounds. I don't remember what the model was and at this point I am not going to worry about it. The estimated value that I gave them seems to be right in line for what you guys are telling me this type of machine is selling for. I hope that someone who will take care of it, gets this machine. It really is a nice looking machine. I haven't run it much except to shift through the speeds and listened to the head. I wouldn't mind another lathe like that, but swmbo would probably use some of my cold rolled to beat me with if I bring home any more cast iron. At last tally I am at about 30,000 pounds and still counting. A little Lewis shaper just followed me home a little while ago.

-brian

gnm109
08-03-2008, 01:46 AM
As mentioned, some of the Jets were of a heavier version. They are a nice lathe. It's probably worth around $2,000 nowadays if it has a steady and follow rest and 3 and 4 Jaw chucks.

I paid $2,300 for my 13 X 40 Enco Geared Gap Bed lathe new in 1994. If the Jet did cost 10K that many years ago, more it must be one of the heavy duty 12's.

Good luck.

Here's a 13 X 40 Jet with a $2,800 Buy it Now with one offer and a little more than a day left.

http://cgi.ebay.com/Jet-GH1340A-Gear-Head-Gap-Bead-Lathe-13-X-40_W0QQitemZ180270774392QQcmdZViewItem?hash=item18 0270774392&_trkparms=72%3A552%7C39%3A1%7C66%3A2%7C65%3A12&_trksid=p3286.c0.m14.l1318

ptjw7uk
08-03-2008, 07:43 AM
Sounds like a nice lathe for $1200 or would be in UK.
I'd like to know why most things I buy are all very expensive if I want one but cheap as chips if I want to sell!!
Anyone know or is it just life, also why do I hear about bargains the day after they were sold!!!

Peter

winchman
08-03-2008, 08:02 AM
The early Jets made in Taiwan are decent machines. I wouldn't trade my '78 10x24 for all three of the LeBlond Regals at the school, if I had to use them to make something. I'm sure their dollar value is much higher, though.

Roger

Timo
08-03-2008, 08:17 AM
I bought my Jet 12 x 24 back in 1983 I think the price was around $2,000. I've been very happy with it.

G.A. Ewen
08-03-2008, 08:24 AM
Like torker said it all depends on your location. How much used machinery is available in your area? With heavy machinery, buyers will pay more to buy one locally than to go to the trouble running with a trailer to get it.

I recently sold my 30 year old 12 x 36 Busy Bee lathe for $2,500.00 but there is very little in the way of used machinery in my area.