Page 1 of 4 1234 LastLast
Results 1 to 15 of 47
  1. #1
    Join Date
    Jun 2000
    Location
    Western Australia
    Age
    77
    Posts
    3,679

    Default Selling your tools before age defeats you.

    I am currently selling tools as i catalogue what i have moreover due to having issues with arthritis in my hands ,I want to do this before it becomes something my family might have to deal with in the event I cannot do it .

    None are keen on having the tools so I find it's best to deal with it whilst I can .Over the years I have doubled up with the Stanley's as well as L&N's & Veritas Lee Valley more recently when I retired quite a number of years ago.My Stanley's are the users I generally go to having bought a lot of nice tools on retiring before it was announced,
    we were going to see the world on a number of cruises when my better half retired.

    Hence quite a few of my (nice) tools are unused being offered here for members benefit first before using other means.
    Whilst I still would endeavour to have a presence with hand tools as comfort allows it is often I have to use the machinery to task out a job.
    This might explain why some of the tools I offer up are unused.

    We all approach an age where practical decisions need to be made more for others benefit rather than yourself.
    Johnno

    Everyone has a photographic memory, some just don't have film.

  2. # ADS
    Google Adsense Advertisement
    Join Date
    Always
    Location
    Advertising world
    Age
    2010
    Posts
    Many





     
  3. #2
    Join Date
    Jun 2018
    Location
    Melbourne
    Posts
    940

    Default

    Gday JS

    I know about age and arthritis.
    Just wishing you the best.
    Good luck with your tool sales.
    cheers
    Keith

  4. #3
    Join Date
    Aug 2004
    Location
    Perth WA
    Posts
    2,035

    Default

    Yep its something I've thought about for a few years now "leave all my tools to the kids (after I've passed) to sell and in not knowing their value sell for a pittance" or I sell and squirrel away the benefits.
    Experienced in removing the tree from the furniture

  5. #4
    Join Date
    May 2007
    Location
    Gold Coast
    Age
    70
    Posts
    2,730

    Default

    John, damn arthritis among other things post 60! I've got it in my thumbs at the moment and wondering what more the next few years will reveal. It might only be me but nobody in my family gave me much of a heads up about aging, even with the benefit of googling there still seem to be lots of gaps on what men in particular can expect and when, seems to be much more info out there for the ladies.

    We're moving house soon which will downsize on the maintenance at least, and I've got a new workshop planned that I'm hoping gets a bit of a decent workout before I have to start moving on the some of the stuff. My wife is wanting me to catalogue my tools now so she has some idea of what they are and what they're worth if I drop off the perch unexpectedly.

    Take care.
    Franklin

  6. #5
    Join Date
    Nov 2012
    Location
    SE Melb
    Age
    64
    Posts
    1,277

    Default

    I've been telling my family that I will sell all my tools before I meet my maker and spare them the agony of having to get rid of them. But I'm still reasonably healthy and am still enjoying this hobby.
    Will be watching this thread with interest, as to how people decide when is the right time to sell up.
    Stay well.

  7. #6
    Join Date
    Feb 2006
    Location
    Perth
    Posts
    27,757

    Default

    When our son left home he left his room in such a mess that I've told him we're leaving the whole house in a mess for him to today up. In terms of downsizing on tools machines etc, if I have not paid anything or much for a specific item I'm tending towards giving it away to worthwhile home rather than haggle over this sort of stuff and dealing with the endless stream of tyre kickers. In some ways finding a good home is harder than selling but I'd rather things get moved on to where they are going to, at least in the first instance, be used/repaired/maintained as opposed to sold to make a few $.

  8. #7
    Join Date
    Dec 2011
    Location
    SC, USA
    Posts
    599

    Default

    I think this is a great idea.

    In my mind - get rid of everything except your favorite stuff and use the heck out of that... There's nothing like the joy of using your favorite tools.... It's unlikely you will manage to actually wear it out anyway...

    It also gives you a much better opportunity to get some actual $$$ back out of your "extra" tools.

    I have seen too many people wait too long and then they don't have the energy/interest to deal with their collection or worse. Then their kids pile it all up and bin it... They don't even sell it in most cases...

    If you do decide to leave it to your kids - I think it would be worthwhile to attach information for tool friendly auction houses or tool resellers if they decide to sell it vs simply binning the whole thing... At least they would get something vs nothing....

  9. #8
    Join Date
    Jun 2003
    Location
    Sunbury, Vic
    Age
    84
    Posts
    2,713

    Default

    It is something that has been exercising my mind also.
    I have made a list of my machinery and tools with purchase prices and also my stash of good timber but I hope to use that before too long.
    Tom

    "It's good enough" is low aim

  10. #9
    Join Date
    Dec 2005
    Location
    Emerald, QLD
    Posts
    4,486

    Default

    I bought this subject up with the other half just last week but she insists she won't be selling any of it if I drop prematurely - 'sentimental value', even though he doesn't even know what each machine does! - just gonna leave the shed locked as it is she reckons. Now I have the job of convincing her it is better off sold so she can benefit from the value of it but I really do have to put that list together - one day!!! If the arthritis gets me before the reaper arrives, I'll probably sell it all off, give the wood to the club and just wander off into the sunset
    .
    Updated 8th of February 2024

  11. #10
    Mobyturns's Avatar
    Mobyturns is offline In An Instant Your Life Can Change Forever
    Join Date
    Jul 2012
    Location
    "Brownsville" Nth QLD
    Age
    66
    Posts
    4,414

    Default

    This thread brings back some memories,

    A friends father was well into restoring motorcycles and had well over 60 in various stages from fully restored & running, partially restored, through to basket cases and buckets / boxes of bits. He kept a ledger of all the bits originally then had updated to an Excel spread sheet.

    His wishes were pretty well set out with recommendations on who he would like to have first option to purchase, who may be interested in parts, right down to "never to go to these ba$tards." We all knew of the ledgers existence and often made fun of it, & whether we were in the good or naughty column. Joke as we may it certainly helped the family move a lot of stuff to good homes and to restorers who really appreciated the parts.
    Mobyturns

    In An Instant Your Life CanChange Forever

  12. #11
    Join Date
    Oct 2013
    Location
    Perth, Australia
    Posts
    1,813

    Default

    Pretty much my plan @Mobyturns - got a spreadsheet all ready to go with replacement values (insurance) and will be adding a column for instructions should I pass. Will include these with my will.

  13. #12
    Join Date
    Sep 2006
    Location
    Behind that little door under the thicknesser...
    Posts
    644

    Default

    Do whatever makes you comfortable. However, remember that the dead don't really care.

    We own lots of nice stuff and if you can be arsed to come to the clearing sale when we eventually fall off the perch then you might get a bargain... otherwise, it's just scrap. Best not to pretend otherwise...
    Ours is not to reason why.....only to point and giggle.

  14. #13
    Join Date
    Feb 2016
    Location
    Canberra
    Posts
    5,124

    Default

    It slightly ironic, I needed to do the exact opposite.... give up all my lovely machines and use nothing but hand tools.

    Life can be unpredictable and cruel....

  15. #14
    Join Date
    Jul 2011
    Location
    In between houses
    Posts
    1,784

    Default

    He who dies with the most tools.... Wins.

  16. #15
    Join Date
    Jun 2003
    Location
    Sunbury, Vic
    Age
    84
    Posts
    2,713

    Default

    Quote Originally Posted by riverbuilder View Post
    He who dies with the most tools.... Wins.
    Even if you could take them with you, i doubt there would be much space to use them.
    Tom

    "It's good enough" is low aim

Page 1 of 4 1234 LastLast

Similar Threads

  1. A.C.T. Selling old tools
    By gmoss in forum WOODWORK - Tools & Machinery
    Replies: 34
    Last Post: 9th November 2019, 09:09 AM
  2. Total tools selling Gas for mig and tig
    By DropSaw in forum WELDING
    Replies: 0
    Last Post: 21st August 2015, 03:32 PM
  3. Selling off tools
    By Simomatra in forum WOODTURNING - PEN TURNING
    Replies: 17
    Last Post: 29th March 2008, 05:37 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •