For the most part, restoring a vintage or antique tractor is a project of love (family heirloom) or an exercise in "I like to fix old things". it never has and never will be a money making proposition.
With that said, I am 3/4 of the way through restoring a 1949 IH KBS5 truck, that I will use to display/haul my tractors to shows. I am now at $14,000 plus in parts/labor alone, and that does not include the purchase price or shipping to get it to Pa from SD. When I am done, $20k is probably going to be my total investment.
When I am done, I will have had the enjoyment of doing the restoration, and the pride of being able to show the truck. I highly doubt it will ever be worth what I have into it, and quite frankly, I don't care.
You have to decide what you want to spend, and what you are going to do with it when you are done. We here on this site, can provide input and information around costs, but none of us can make the decision if it is worth the cost to YOU!
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
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