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Joined: Feb 2006
Posts: 398
Petro Enthusiast
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Petro Enthusiast
Joined: Feb 2006
Posts: 398 |
Dick and Ryan are right on track about restoration, I would be surprised if made more than $5.00 an hour in restoring a pump. and when I croak my kids will say "What in the H--- was he thinking"? Most guys on here do it because it is a hobby. Like Dick says do it like you want, if it is a good job the next owner can change the colors fairly easy. As far as most collectable, I look for the smaller companies, the fun for me is in the hunt. I have globes from Shell, Texaco and Phillips, but also have them from Vickers, United, Bonded 78,Spur, Platolene, Wilcox, Derby and so on and just this week a bought a sign from Coryell 70. I love this hobby.
Norm Huff
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Please - NO offers to Buy or Sell in this forum category
Statements such as, "I'm thinking about selling this." are considered an offer to sell.
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Joined: Aug 2004
Posts: 1,689 Likes: 17
Veteran Member
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Veteran Member
Joined: Aug 2004
Posts: 1,689 Likes: 17 |
I've supported myself, my family, and paid for schooling over nearly 18 years on hustling and restoring gas pumps. That being said, I would NEVER advise anyone to restore a pump in order to "build value" in to it...basically for the reasons already expressed. The only reason I've been able to make it is because I pre-sell restored pumps. I ONLY restore a pump if I have a buyer for it. After so many years, I've kind of found a niche restoring gas pumps for a few select collectors with big $$$$. If that wasn't the case, I would have gone broke years ago. If you want to restore it, restore it yourself as Dick said. You'll enjoy it much more and won't have big money in to it. An unrestored pump is always going to be a hundred times easier to sell than a restored one.
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Joined: Nov 2002
Posts: 4,962 Likes: 17
Moderator
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Moderator
Joined: Nov 2002
Posts: 4,962 Likes: 17 |
I pre-sell restored pumps. I ONLY restore a pump if I have a buyer for it. BINGO.
FREEDOM oil items wanted.
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Joined: Nov 2004
Posts: 9,346
Veteran Member
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Veteran Member
Joined: Nov 2004
Posts: 9,346 |
Man I can t argue with DB & Ryan on this at all!! Just look at Ebay. Me & another Old Gas member where talking about it & you can buy a restored pump on there for less than you would have restoring it yourself.
Wanted Owens Motor Oil & Mobiloil Gargoyle. Brad Ralston & my website is www.petrobarn.com
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Joined: Dec 2003
Posts: 539 Likes: 2
Petro Enthusiast
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Petro Enthusiast
Joined: Dec 2003
Posts: 539 Likes: 2 |
Originally Posted By: petropumpsI pre-sell restored pumps. I ONLY restore a pump if I have a buyer for it.
I have a notion to try that myself= offer it for sale-part way through a restoration and the buyer can pick the brand.
I have also considered buying a pump replacing the items missing and then reselling, unrestored. The profit margin would be better.
ROD [Mich.]
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Joined: Aug 2004
Posts: 1,689 Likes: 17
Veteran Member
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Veteran Member
Joined: Aug 2004
Posts: 1,689 Likes: 17 |
I have also considered buying a pump replacing the items missing and then reselling, unrestored. The profit margin would be better.
There's a fellow oldgasser that makes a very good living doing just that. He buys straight pumps, makes them 100% complete with all needed parts, puts new adglasses in them, and ships them down the road unrestored at a premium price. Very smart if you ask me.
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