In my memory serves me correct, isn't it just a Jacobsen Chief tractor painted Ford blue? Jacobsen made that tractors up to 1975, for Ford, Oliver, Minne Moline, Cockshut, Homelite, etc.
First one painted Ford blue was a Jacobsen Chief 800 or 1000 sold as a Ford 80 or 100 in 1965. Then in 1966, Ford sold it as a model 120, since it was based on a Jacobsen Chief 1200. These gear-drive tractors were dropped by Ford in 1969.
I've picked up several either for free off the scrap pile, or $150-$200 at year sales. I grab them when I can for the Kohler engines.
Sounds to me like $500 is a pretty good sale price.
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