My advise, if the price is right, buy it! That is if you are capable of doing basic maintenance and repairs.
If you buy it, then go through everything with a note pad in hand, put it through the paces, work it, make note of every noise, leak, problem you find.
Being that it is 55-60 years old, expect the usual. Probably going to have a dirty or rusty gas tank, expect radiator problems, wiring is probably schety, wheels are probably rusted, but maybe repairable. Tires, especially rears are a big expense. Check the quality and level of the fluids.
Leaking cylinders are not difficult to repair IF they are rebuildable. If they are bent, the rods dinged, or grooved from hammering at the end, then they will need replacing. Aftermarkets can be found and adapted if you're handy with stuff like that.
Sun baked hoses are not always as bad as they look. If they are not leaking or the braiding frayed, they may go a long time without covers.
Point is, if you get it, be prepared to find problems. Address the problems before taking it off to the woods. I don't know about you, but I don't like surprises!
If you are not prepared to baby this thing back to reliable life, best find something newer and ready to go. The end result will be about the same, pay more for something ready to use, or be ready to invest in one to make it useful.
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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