Nick-- If you add up the cost of a nice original pump thats in good shape with nothing missing (about $800) and the cost of a very average restoration done on the cheap (about $1500)--it makes perfect sense to go ahead and buy it. When you see a restored pump sell for a cheap price, its usually because of improper marketing and the fact that once you restore a pump with a specific brand, it limits the potential buyers because not everyone would want that specific brand.
Shipping is a big factor too! If its really close by and theres no shipping charges, thats a big bonus!
Hope this helps!--KEVIN
Everything Cities Service
Specializing in old Gas Pumps