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Location: Wapakoneta, OH
I had one for several years before finding one with a deeper throat. It works OK, and $50 might be the right price. I have mine to the Habitat Restore. Make sure they have the wrench that tightens the blade clamps, it's a 2 part affair that has a pin you slip into a hole, and then tighten a allen screw for the clamp. It would be a little bit of pain without that wrench.
I started with absolutely nothing. Now, thanks to years of hard work, careful planning, and perseverance, I find I still have most of it left.
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Location: Butler, PA
The stand is probably worth $10 or so alone. As for the saw, depends on what you want to use it for. As a beginner saw, it's probably OK. Table looked pretty rusty. Not pitted, but still indicates a level of neglect. I'd offer him $40 for it and see if he'll take it. If you are interested in serious fretwork, I'd probably pass, even though that saw is likely much better than most of the new, entry level saws on the market these days.
If you are going down a river at 2 mph and your canoe loses a wheel, how much pancake mix would you need to shingle your roof?
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If you do fretwork, you really want one with the tool less blade change. Other than that, my first one was a middle 50's sears, single speed.
Al
I turn, therefore I am!