From what little I know 32-50 was only the HP rating of the high compression 28-44 and never an actual model number.
If your serial number does not have the AC33 after it, it would not be the high compression 32-50 rated version.
As far as condition and value goes, looking closely at the pictures it would appear someone did some decent work on it.
You mentioned in one of your posts that your great grandfather used in pulls.
To me that would suggest it was probably in sound mechanical condition.
Just a guess though as for all I know he may have grenaded the motor in a pull and parked it.
If that tractor had been owned by my great grandfather since new I would be beating down the door with cash in hand if I could get it for the $1000 you said they wanted for it.
Sentimental value and market value are not the same, if you only plan to try to make a few dollars off of it then probably not worth the hassle.
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