I buy the dirty unknown condition units mostly because
you can get them very
cheap and I will take them apart to poke around and clean them anyway, and
I actively seek out the non-working (but complete) units, on the grounds
that I am more likely to be able to afford interesting items that way. As
I think you all know, I enjoy tinkering with old computers, so cleaning
them, fixing them, and getting them going again is fun for me. It's why I
take part in this hobby. I do not buy as an investment, hoping to resell
later for more money.
And jsut as well. Let me take a concrete example of a fairly rare item in
my collection. An HP9125A plotter for the HP9100 calculator.
I bouight one on e-bay last year, for around $250. It was described as
'does not power up'. When it arrived, I discovered that was an honest
descriptrion. The machine was complete, but indeed, it didn't power up at
all, not even when connected to qa working HP9100 (these plotters have a
relay inside, driven by the -15V logic supply of the 9100 that switches
the mains on ot the plotter PSU).
A similar plotter sold on e-bay recently for over $2100. It was described
as working, and I have no reason to doubt this. So if we take that as a
fair value for aworking HP9125, I could say I'd added $1800 or so to the
value of my unit by repairing it.
Now consider what that repair involved. I had to work out how the plotter
should operate (the HPO 9125 service manual does not contain scheamtics,
so I had to trace out schematisc of all the PCBs. All I had as a
reference was the HP9100 interfaceing manual). I then cleaned up the
relay contacts in plotter and found that the PSU worked (the fault was
the relay). But the plotter didn't After a bit of testing I found that
the X-axis motor was dead. So I made 'keepers' so I could dismantle th
motors without damaging the permanent magent fields, I took both motors
apart -- my intention was to use the apprently working Y-axis motor as a
reference -- and measured hte armature winding resistances. I then found
that both mtoors were defective.
Soi I carefully unwound both armatures, got some suitable wire, and
rewound them. Actually, I got the commutator conenctions wroing the first
time, so I had to do it again. In the end I had 2 motors which ran
nicely, and which had much the same votlage-speed chracteristic (did I
mention I had to build a stroboscope to check the motor speeds...). And
yes, I now have a working HP9125 plotter.
Now, I don't know how much you think my time should be worth, but lets
say $50 an hour. So to add $1800 to the value of my plotter, did I spend
more than 36 hours? You bet I did. A lot longer...
Financiallym therefore it would seem to make little sense to spend the
time to restore even a fairly high value item like this, let alone a
relatively common and lower-value machine. But fortunately, the fun I get
from doing it amply repays the time I spend...
But I know I'd not take on a large pile of unknown macjhines with the
intention of doing them up and seleling them at a profit.
-tony