Scrap value is a fair price unless the tractor has been stored in a shed all it's life. Post some pictures if you can. A 450 weights what, about 3 tons? 3 tons x $170 per ton =$510.
450's are very good tractors. There are working 450's with power steering available for $2000 to $3500.
If you are looking for a restoration project and you are willing to spend more than the finished tractor will be worth, because you enjoy the hobby, then this sounds like a challenging candidate that could keep you busy for a year or more.
If you are looking for a working tractor that is an easy fix and to make some money on it, then this one will likely be a money pit even if you can get it for free.
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Today's Featured Article - Restoration Story: 1951 Farmall H - by The Red (John Fritz). I have been a collector of Farmall tractors since 1990 when I first obtained part of the family farm in Eastern Indiana. My current collection includes a 1938 F20, 1945 H, 1946 H, and the recently purchased 1951 H. This article will focus on what I encountered and what I did to bring the 1951 NEAR DEATH Farmall H back to life.
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