Scrap value is a fair price unless the tractor has been stored in a shed all it's life. Post some pictures if you can. A 450 weights what, about 3 tons? 3 tons x $170 per ton =$510.
450's are very good tractors. There are working 450's with power steering available for $2000 to $3500.
If you are looking for a restoration project and you are willing to spend more than the finished tractor will be worth, because you enjoy the hobby, then this sounds like a challenging candidate that could keep you busy for a year or more.
If you are looking for a working tractor that is an easy fix and to make some money on it, then this one will likely be a money pit even if you can get it for free.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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