Some people really think they struck gold.....

A machining ignorant company who got taken in by the original seller. The list price of the taper shank drills, assuming name brand, probably goes into the multiple tens of thousands and they're figuring half price is a good deal. The problem is that there is no meaningful itemized inventory and that the condition of the tooling is unknown. furthermore, they are apparently not capable of determining the quality of their offering.

Quite possibly if there were enough drills, reamers, etc. in good condition, it might be a good deal for someone but for most of us it would probably be some very high priced scrap.

It is obvious to me that the value is considerably more than $1, especially considering the free shipping. The question is, how much would you be willing to pay? Hypothetically, of course. I will be interested in the responses.
 
I've seen lots like that at tool auctions go for as low as $50 and up to about $300, but that was on stuff that was able to be examined in person. Note also that the "free shipping" is to a commercial loading dock, there is a $75 surcharge for residential delivery.
 
RJSakowski said:
A machining ignorant company who got taken in by the original seller. The list price of the taper shank drills, assuming name brand, probably goes into the multiple tens of thousands and they're figuring half price is a good deal. The problem is that there is no meaningful itemized inventory and that the condition of the tooling is unknown. furthermore, they are apparently not capable of determining the quality of their offering.

Quite possibly if there were enough drills, reamers, etc. in good condition, it might be a good deal for someone but for most of us it would probably be some very high priced scrap.

It is obvious to me that the value is considerably more than $1, especially considering the free shipping. The question is, how much would you be willing to pay? Hypothetically, of course. I will be interested in the responses.
Click to expand...

I couldn't see paying more than a few hundred dollars. A serious offer for me would be ~$250, and even that would be a stretch. Of the list, the following are basically useless to me:
Qty 50 - 1/2" tapered bits
Qty 133 - 5/16" tapered bits
Qty 134 - 1/4" tapered bits
Qty - 57 - 1/2" round shank bits

What the heck would I do with 134 1/4" bits? Thats like 5 lifetimes at my uses. I can at least use MT4 and down (in my lathe tailstock), but much of the stuff isn't very useful.

Out of the reamers, many look used, but I'd perhaps get some use out of them. Admittedly, I don't really have any reamers at the moment, so I consider them less valuable to me.

In reality, for $250, I would be paying for "always having a drill bit available", and am pretty sure someone else here would get most of these at my estate sale.
 
If I had an extra $5900 laying around and an empty drawer I'de be all over this " deal ". But ,, I have neither so I'll have to pass on it . :(





:big grin:
 
Contrary to the seller I see little advantage to multiples of the same bit. And here they can count accurately the number of bits but can't catalog what condition they are. I get so disgusted with these scammers who cherry pick new prices and then offer such a deal at 50% off. They have no idea if what they are selling is even the same thing they cherry picked, much less when it was bought or the condition. These mislabeled come ons are making it harder and harder to wade through the noise. I would think this would make it hard enough that folks will just quit buying this garbage and it will self edit the true morons like this seller.
 
There are more parts WITHOUT protective sleeves/coatings than WITH them.
So, I have to assume most are dull and or chipped.

It could be great sharpening practice for someone, but for me, I'm out!
(.....even if they did ship to Canada)

-brino
 
ErichKeane said:
I couldn't see paying more than a few hundred dollars. A serious offer for me would be ~$250, and even that would be a stretch. Of the list, the following are basically useless to me:
Qty 50 - 1/2" tapered bits
Qty 133 - 5/16" tapered bits
Qty 134 - 1/4" tapered bits
Qty - 57 - 1/2" round shank bits

What the heck would I do with 134 1/4" bits? Thats like 5 lifetimes at my uses. I can at least use MT4 and down (in my lathe tailstock), but much of the stuff isn't very useful.

Out of the reamers, many look used, but I'd perhaps get some use out of them. Admittedly, I don't really have any reamers at the moment, so I consider them less valuable to me.

In reality, for $250, I would be paying for "always having a drill bit available", and am pretty sure someone else here would get most of these at my estate sale.
Click to expand...
My guess is that they are measuring the small end of the tapered shanks., Probably MT1 and MT2. Remember, the seller has absolutely no machining experience.
 
brino said:
There are more parts WITHOUT protective sleeves/coatings than WITH them.
So, I have to assume most are dull and or chipped.

It could be great sharpening practice for someone, but for me, I'm out!
(.....even if they did ship to Canada)

-brino
Click to expand...
$5900 AND you have to sharpen them. I hope everybody is out. I guess these guys have been looking at those placeholder things like Shars when they are out of stock and the ad says $22,000 for a normally $24.95 arbor or something. Whatever they are smoking has also made them grumpy.
 
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