Totally guessing, it may have had a bearing come apart and broke a few teeth on two or more gears. The bearing is cheap but the gears can be $100 to $200 each, so with labor $300 to $1,000 is not out of reason. BUT you don't really know what is wrong until you have someone experienced look at it, and probably still have to take it apart to really know. You can see a little through the oil fill hole in the transmission cover, and if someone has a camera on a wire they can look inside pretty good. Chances are pretty slim from your description that it is only a bearing but it may be. That would be a $25 part and maybe $150 labor. A top bearing can lose balls into the gear teeth which then breaks them, while a bottom bearing will sound pretty rough but not do much damage.
There are lots of guys who would jump at the chance to buy it and fix it if they could buy it cheap enough. If you don't have a friend who wants to fix it for you, and you don't want to try, you may need to trade it off. They are not hard to fix but you have to want to try. No real special tools are required...
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Today's Featured Article - The Cletrac General GG and the BF Avery A - A Bit of History - by Mike Ballash. This article is a summary of what I have gathered up from various sources on the Gletrac General GG and the B. F. Avery model A tractors. I am quite sure that most of it is accurate. The General GG was made by the Cleveland Tractor Company (Cletrac) of Cleveland, Ohio. Originally the company was called the Cleveland Motor Plow Company which began in 1912, then the Cleveland Tractor Company (1917) and finally Cletrac.
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