I do not know about the number you mention, but on the right side bellhousing there should be a metal tag with a SN (3-5 digit number) and option codes. The gasoline engine has no sleeves, make for an interesting engine rebuild later on. The 504 is rated as a "3-plow" tractor" it has 50 engine HP and 46 PTO HP. The 504 is a good tractor, I say this but I have a diesel.
As for the price, it sounds a little high... I have been watching one on EBAY. 1962, Freeman loader, TA, good condition that started at $7800, it has been relisted many times and the last time I saw it listed it was $4500, one offer, denied... I put a good 504 at $2000-$2500 max.
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