Given the casting dates, yes, I would agree that it is a 1953. The serial number is probably closer to 159455 than 176523.
It still could've been bought as a "new" tractor in 1954 or even 1955. I would expect that many dealers actually owned their stock back in those days. They weren't paying interest every day the tractor sat on the lot so if it didn't move right away it was no big deal.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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