What is it worth?

[Hmerkle]

I intend to sell a Rikon mini lathe it is a 70-050VS 12X16 with a 1/2 HP variable speed motor on a Jet stand.
Spur drive and live center included

The question is, what is a fair selling price?
Please don't say whatever someone will pay...

 

[Mike Davis]

Looks like it sold for $400 new, so around $250 or slightly less with the stand?

 

[Hmerkle]

Thanks Mike - I have seen them for $350-$400 on-line, (marketplace etc.) but you are probably more on the mark.
I think I will put it up for $300 - I offered it to a member for $350, but am guessing that is a little aggressive...