Maybe we need a law. Some pre Reagan price controls. A Ford 8N is worth no less than $2500 and an H is worth $2500. M a little more. Green As, Bs, 77s, 88s and All Yellow and Orange tractors not worth less than $2700. Guaranteed by the government and enforced by law...
The beauty of our system is that a thousand factors enter in to the value of a tractor or old car, an hour of labor for a man, or a call girl, diamond ring, barrel of oil, acre of land, bushel of wheat or ounce of gold. They rise and fall as do the currencies they are traded in. I doubt prices of old things will reach the heights they reached 5-8 years ago when the Boomers still had IRAs and 401s that were worth a lot. But old iron will always be a commodity that some folks make and some folks lose money on. And some folks will just want one because they're cool and $5K is not too much to pay for an Allis B.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
... [Read Article]
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