It can be a minefield when gauging used tools prices but hopefully this will help you when buying used tools. Ultimately its generally determined by how badly you want or need something at a certain time. Lets face it, if you are a carpenter who has just dropped his no7 plane and you have to replace it quickly you have two options buy new one at the high prices that the manufacturers demand, buy a standard used item or buy a good reconditioned version that will compare with the very best available today so prices can vary according to the tradesman’s standards.
- Supply & Demand – This is a very important factor when you are trying to to assess prices as there are times when certain items people regularly want are harder to find. It’s not a case of going to the local wholesaler to buy more and we have to compete with both sellers and users for items. For collectors its always a case of wanting the item and how badly they want to add an item to their collection, this can then be compounded by the actual demand from other collectors.
- Rarity – Things like make and model and its originality, condition, demand and does it have all the parts it was manufacturer with all have a bearing on the final demand and ultimate value.
- Condition – Original unused boxed items are very rare and command the highest prices,
- Reconditioning – This is extremely important when trying to assess prices as a tired version of something usually fetches a much lower price. We recondition items here with the right tools needed to do it properly to ensure they are in ready for use. Reconditioning takes time and adds value, with this tradesmen have to ask themselves do they want to spend their time trying to achieve the same results rather than using that time on what they are good at.
- Originality – This typically affects items with multiple parts as it’s often the case that parts are replaced over the years and what you think you are buying turns out to be a collaboration of various parts. Planes are especially affected as many tool sellers will use anything that fits to make up a complete plane. eBay sellers seem to be the biggest source of this.
- Comparable to New equivalent – Craftsmen know the difference and its obvious establish companies such as Stanley don’t make tools as well as they used to which has is why companies such as Lie Neilson & Clifton have grown as a company with a reputation of quality. Old Stanley USA items were compatible to these in high carbon steel and offer great value when reconditioned correctly generally a 1/3rd of the price or lower. Compare Plane Prices