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19-09-2012 #2
It's a 1930's Grayson, poss as late as 1940's. The tricky bit about buying an old lathe like that is you have no idea how worn it is. You can expect some backlash in the cross slide and feed screws, and some wear on the bed. If you're lucky the spindle bearings will still be usable. Dont go more than £75 - £100, maybe £150 in really good nick. If you can, go look at it before you buy. Remember you can pick up a good secndhand modern 'Chinese' lathe for £200-£300
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