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Master

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For estate planning, I do not know of a way for surviving family members to sell or pass on our engines. My family has no idea of the value or source for selling the engines. Equipment and tooling should be no problem. But the engines are a different area. Any suggestions from any of my hobby machinists friends?
 

tornitore45

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I think most of us are in the same boat.
 

bigal2749

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I bought a small pack of tags with strings and also used stickers stuck on the bottom on my collection of live steam toys.

I had usually put what I paid and what I guess the market value was. As time goes by I'll change market value if need be.

Sometimes I put down best avenue to sell such as auction company, ebay, or direct sales.
 

Brian Rupnow

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Find similar items on Ebay and see what they are asking for them. Prices asked are generally unrealistic, so value your components at about 3/4 of whatever you find on Ebay.
 

Angie

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My Dad built his ham radio equipment. Mom and I have a ham friend that has handled advertising on a ham radio site, and at ham get togethers, etc.
I am thinking, do you have any friends in the area that are into the building also? Could they help whomever is left behind to properly dispose of your builds?
 

BDSjr

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I have not seen any that are not museum Quality
 

BobsModels

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A couple of years a good friend past away suddenly and he had no immediate family. I was asked to handle all of the models and shop, fortunately I knew were everything was and most of the history. My recommendation to you is the following, for each model have a tag with the following information - date of building or acquiring (how much you paid), where the prints are located, if special tools made where they are located, special instructions (best to include with prints), an estimated value (make it on the high side, your estate can always come down). You said the tools are not an issue, well when I handed the family the $$ for the tools they were very surprised, they had to sit down when I handed them $$ for the models. The tools need the same information, a tag with similar information, where the tool specific information is etc. If you are going to make it easy on family take some time do one model / tool at a time.

BTW remember donating to a museum is just that giving it away, and the museum can do whatever it wants, if it needs money they will sell them for cash. I belonged to an organization and everyone who donated signed a receipt which included the wording we could sell it for cash immediately. Your choice cash for the estate to distribute at your direction or cash for your favorite museum. Not trying to say donating is not good, without donations our organization would not have survived so it is a good thing, just realize the choices.

Now for the good news as long as I can chips will continue to fly, so keep building them!

Bob
 

Bob44

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Museum quality or not; they are one of a kind. I’m not saying any of them are worth a fortune but these home built engines are unique and shouldn’t be just tossed away.
 

fcheslop

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Once in a while I have a clear out and sell through auctioneers although they take a good cut they often have specialist who can value the models
Most decent auction houses have or know of other auctioneers who have specialist sales for our toys
I as already mentioned either label what they are or mark the underside of the base just its name ,designer and date it was made
 

lathe nut

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Fellows I am getting up in age also, things that one thinks about, I just retired and got a neighbor that her husband in sad shape and she has asked to sell off all the antique tractors, parts and the 1937 Ford pickup and a 1930 AA ford, I have just finished both trucks ready to sell and starting on the tractors, the kids and grand kids are ready to move in for the kill, they say it all there's but going to leave an empty show for them if all works as its going, makes me wonder about all the lathes, Mills, Drill Pressed and other things I have, my wife has no one, might start thinking about letting go of somethings, Joe
 

Gordon

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I also hate to think of what is going to happen to my shop. My family has no idea what most of the stuff even is. The major machines probably will not pose a big problem if I let someone know what they are worth but how about all of the small items. I hate to think of all of the mill cutters, drill bits, taps, and small hand tools just being trashed. I do not know any young hobby machinist to gift it to. In the mean time I want to keep all of this stuff until I am no longer able to use it. Even if I am only capable of spending a few hours a week in the shop I still want it available. I am starting to face the fact that at 80 I am not going to live forever and my situation can change in a very short time.
 

jlchapman

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I helped a lady at work liquidate her Dad's shop(mostly older welding equipment and tools) a year after he passed away. I asked her what she thought everything was worth and they were expecting$200 - $300 dollars. I sold everything I could on a local classified ad site and she ended up with almost $6000. The money went to the grandson for his college fund. It turns out her dad had taught me welding some 30 years ago at the local college. She would make me go home every night with a 5 gallon bucket full of tools or supplies. Every once in a while at work she brings me an old book or some other item she has found and thinks I would enjoy.

My wife wants me to make a inventory list to give her some idea what things are worth. Boy we all hate to tell on ourselves with how much money we have spent out in the shop.
 

vederstein

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Perhaps gift the engines to a high school science department.

As for the machinery, sell or donate to a local maker space if one is available.
 

propclock

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Just my thoughts, for now, just keep building, just keep building!
I am a member of BAEM and we show our engines.
We (BAEM) have some engines from builders that have passed on.
The builders would rather have them run, shown, than , dust collecting,rusting/rotting.
If you can find a club or person that will show / run your creation after ...
I personally think that is best. I am not familiar with other clubs, but BAEM has a few members
that love running engines that they could never have made, but enjoy the experience of showing .

BAEM = Bay Area Engine Modelers
Just my 1.414 cents worth on a tough topic, Just keep building!
 

Master

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I appreciate all that have responded. I wish more young people would enter the hobby. Eugene, Oregon used to have a wonderful annual machinist show. I wonder where all those machinists and their beautiful engines went to. I'm with propclock. Just keep building. Thanks to all.
 

lathe nut

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Gordon, that is how I feel also we must have the same shop, I have more than a man needs in small tools, machinist and mechanic tools, like you want to keep them because I enjoy the time in the shop if health fails or loose interest then they will go, I am 69 hope to be in the shop at the age you are, congratulations.
jlchapman, that was really nice of you to do that, so good to hear that we still have people that does the right thing, the older lady that I am helping with the estate wanted to sell me the 1930 AA for 5,000 I told her that low end it was a 20,000 dollar truck, she said I don't see that, I told her that it is not what it is but what it can be and I did get her 20,000, I did change the tires for the new owner, seven tires were 3,400 dollars, I will post pic I know you all here like quality item and I also get her 20,000 for the 37 Ford, hope I do as well on the Antique tractors, Joe.
 

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accelo

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My wife tells me I have every tool know to man.
I say no honey, I have every tool know to woman.
 

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