When I bought my 460 I almost hoped it didn't work because I would have made great money parting it out. Sadly I got it to run great and now I have to put money into tires and wheels and other small things so I can use it. While there is part of my brain that knows parting just about anything out is money ahead if you put the time and space into the endeavor, I just can't trash a functioning machine. But that is the other factor... time and space. It's unlikely that you'll lose money parting out such a machine, but you're just as unlikely to sell the parts super quick. If you follow ebay you'll see many of the same parts all the time. If you take the sum of the prices, someone is going to make great money, but in the mean time they have to store those parts and stay on top of the ads. If I were you I'd simply consider your intentions when buying it. Would fixing the transmission get it to those standards and give you a great machine?
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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