Another what is it (pics added)

[cputnam]

OK, I know it's a breast drill. Other than that, nothing. Appears to missing something where there is button and then an empty hole. Is that missing part what I need to change gears? If not then how do I do it?

Value? I'd flip if valuable but would otherwise use. Came with a Lennox hole saw in the chuck - which works.

Tia

[Boatman53]

Pics Curt, or am I missing something.
Jim

[cputnam]

oops

[MarvW]

I'm trying to picture it in my mind, but all I'm getting is an old rusty saw...

[MarvW]

That hole is for the shaft that's on the big drive gear. There should be a release button or something that releases the big gear so you can pull it out, then stick it in the empty hole. This will change the speed.

As to value.... not much... guessing around ten dollars. Looks to be in good condition though. It will clean up quite well. The side handle looks like it's taped?

[RickW]

If I remember correctly, the main gear is removable to change speeds. You press the button to remove it from the hole it's mounted in, and place it in the empty hole. That causes it to mesh with the smaller set of gears on the spindle and gives you the slower speed.
I would guess the value to be $35.00-$45.00.
Rick W

[Boatman53]

That silver button between the holes releases the shaft to move it to the other hole. As everyone said it is for changing the gear ratio.
Jim

[cputnam]

Thank you gentlemen. Now who made it? Is that old Massey-Ferguson red paint on there?

[Boatman53]

Clean up the crank arm and you should find the manufacturer.
Jim

[Joe Bailey]

Goodell Pratt (probably a #246)