Used plane prices
Colleagues: thanks for the information. Now I to decide what is to go and what is to stay. I just don't understand the pricing. I see the same thing with firearms. I am just amazed at the prices asked and prices paid. Guess I never really never did keep up with inflation and pricing.
I sold a couple of LN planes this past fall - a #9 for $600.00 and a 4-1/2 for $250 (IIRC). These were planes that were not being used. The #9 was in excellent shape, the other was one I got in a trade and was in good condition.

I was at the PATINA tool sale this past weekend and found all vintage tool prices higher than pre-pandemic pricing. I don’t think these prices will remain at these levels as we return to normal activities. What was interesting were what tools were plentiful at the sale: machinist tools #1, then chisels, then wooden planes, then metallic planes. It seems handsaws were the rare bird!
Waiting to grow up beyond being just a member
Sold my #7 for over $800 several months ago.

I nearly made more on that plane than Tom grossed
I have a flat top Bedrock #7, bought about 6 or 8 years ago, better than excellent condition. Paid $85.00 for at a flea market, at a housewares booth. Didn’t need another #7, but the price was too good to pass on. Maybe I ought to unload it?
Waiting to grow up beyond being just a member
(10-02-2022, 09:20 PM)TraditionalToolworks Wrote: As a rule of thumb, I consider used tools to be worth about 50%-75% of MSRP, but I have to want something pretty bad to pay 75% of MSRP, at that point I'll just go buy it new from the vendor, LN in this case, and LN is very nice to deal with.

Some cases the item is not available on the LN site, those cases might warrant 75% for me, but common planes I can go buy from LN will be new and if I have any problems they will take care of it. There are no scratches or marks that I might think to myself, "self, the guy did use this, 75% was not such a great deal..."

This is just me and how I think about it, there could be someone else that would be tickled pink that he saved 10%, just that person is not me. While I like LN planes and have several of them, I have a LV plane, and the majority of common planes are Stanley. The LN are easier to adjust and get nice shavings from, but that should never be an excuse for someone with Stanley planes, they work just fine.

If you have a bunch of LN hand planes that you have not used much, you may have let your emotions get the best of you. If you've used them hard and are thinking you can get 75% of MSRP, maybe there is someone around that would do that because they know you.

All that said, one of my favorite hand planes happens to be an LN, it's the 62 low angle jack plane. It has been so useful to me I feel it's worth buying new from LN, they also sell a toothed blade that turns it into a great scrub plane as well as an extra angle blade I believe. $300 list. So I would pay you $225-$255. Even at $225 I don't think I would buy used, and that's the most useful plane I own. I don't consider myself cheap, I have a number of tools I have bought from TLN and he's a great guy to deal with. XLNT customer service, so if someone did buy one and there was a problem he could fix it. The prices for repairs have always been more than fair. This is probably why you were even surprised when you heard it!

 Good luck finding LV or LN at 50% of retail. I’d love to find a source for that too.  Even 75% of new looks like pie in the sky to me on todays market.
(10-09-2022, 08:06 PM)Cabinet Monkey Wrote:  Good luck finding LV or LN at 50% of retail. I’d love to find a source for that too.  Even 75% of new looks like pie in the sky to me on todays market.

I found one new in box in the sawdust under a cabinet saw I think I paid $3 for it.  The estate sale was for a person that handled probates.  The place was loaded with all types of goods new in box and high end antiques.  The place was loaded so heavy the foundation was compromised.  Never seen anything like it before.  There was an AGA stove in it that was sold for next to nothing but required a moving company to remove.
Phydeaux said "Loving your enemy and doing good for those that hurt you does not preclude killing them if they make that necessary."

Phil Thien

women have trouble understanding Trump's MAGA theme because they had so little involvement in making America great the first time around.


Forum Jump:

Users browsing this thread: 1 Guest(s)

Product Recommendations

Here are some supplies and tools we find essential in our everyday work around the shop. We may receive a commission from sales referred by our links; however, we have carefully selected these products for their usefulness and quality.