I just looked at another Monarch 10ee. Was in decent shape except for an awful paint job and pretty grimy ways and taper attachment. The guy had not cleaned it for 10 years. He had fitted a solid state DC drive to control the motor and left all controls intact. My one issue was that the rpms's wouldn't go past 2100. It's a 1944 round dial with a typical max of 2500. Everything else seemed to be working well. He flip flopped on why it didn't hit max rpm. First he said the oil needed to warm up, then he said the tach is old and "it's a 70 year old machine, what do you expect?". He said he changed the motor brushes about 5 yrs. ago. I'm trying to figure out what could be the cause of the rpm issue. It seems like a functional machine and I probably wouldn't be limited by that. But could this be a sign of bad things under the hood. The guy is an EE (and made sure to inform me that he has a PhD). Seems like he knew the ins and outs of the machine. Wish I could say he knew the same amount about paint and cleanliness. Your thoughts and wisdom are always appreciated. PS: He'll deliver it for $3100.