The tooling is where you're going to spend the money. $450 seems like a lot to me, especially when you consider it's age and size.
I had been looking for one for a while, even passed on some at auction, for reasons I still don't know why. Been kicking myself ever since.
If you're a newbie, you have to ask yourself why you want it and could that money be spent better elsewhere. I wanted one so I could learn to sharpen end mills and get more precise grinds on cutters for my small shaper.
I found one recently, same manufacturer as this one, although a bit different. I didn't pay anything close, not even half, for this asking price.
Now, mind you, location is EVERYTHING. I live in the rust belt. Half of the machines out there seem to have been made in Cleveland, Cincinnati or Milwaukee. I can't swing a dead cat without finding machines for sale.