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Pricing my Grizzy 1023SL 3hp Saw

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Forum topic by Sailor posted 04-05-2021 08:39 PM 755 views 0 times favorited 13 replies Add to Favorites Watch
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Sailor

544 posts in 4352 days


04-05-2021 08:39 PM

I’ve been out of the game a while and not paying attention to the current market for woodworking tools. My table saw is about to loose it’s home and I will not have space for her so she must go. Plus I haven’t used her but a handful of times in the last 5 years.

She is in good condition and is light to moderately used I would say. Used for hobby woodworking with a few paid jobs here and there. Well taken care of. Only negative I can really pick out is that they top isn’t as clean as new. There are few spots but certainly no pitting or anything bad, just cosmetic spots.

I was thinking she is worth about $1,000 and was considering listing her for $1,100. Being as they aren’t available on the website I’m wondering if maybe they are in higher demand?

Saw is located in South Alabama.

Thank you gentlemen!

-- Dothan, Alabama Check out my woodworking blog! http://woodworkingtrip.blogspot.com/ Also my Youtube Channel's Facebook page https://www.facebook.com/SailingAndSuch


13 replies so far

View therealSteveN's profile

therealSteveN

7702 posts in 1661 days


#1 posted 04-05-2021 09:57 PM

Everything seems to be back ordered. If that has a riving knife I’d say go with the $1100 price, maybe more, and see what gets offered. Most everyone likes to think they got a “better” deal, so if it’s a tad high, and they come down to your price, you both win.

In the meantime get busy with some steel wool, and WD40 to get that top looking showroom bright again for it’s new owner. Based on overall condition, it looks like that is the only dink.

-- Think safe, be safe

View ras61's profile

ras61

129 posts in 2608 days


#2 posted 04-06-2021 01:28 AM

I think it’s worth every bit of $1200, and probably more ($1500?), but maybe your area is weaker for resale

-- "South Carolina is too small for a republic and too large for an insane asylum" - James L. Petigru, 1860

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Aj2

3844 posts in 2885 days


#3 posted 04-06-2021 02:29 AM

You better sell it quickly I predict the used machinery market is going to be flooded.
When people have to get back to work. And the inflation takes hold.
Hopefully we will still have a country were you can own something ?
Your saw looks to be in good condition
Good Luck

-- Aj

View CWWoodworking's profile

CWWoodworking

1771 posts in 1266 days


#4 posted 04-06-2021 02:33 AM

Seems a little high. I’ll come down tomorrow and get for say 600$ ;)

View CaptainKlutz's profile

CaptainKlutz

4456 posts in 2581 days


#5 posted 04-06-2021 07:20 AM

IMHO – $1100 is fair starting price with riving knife, if you shine up the cast iron.
But not sure price will hold up?

In my area, even with current shortages of equipment; Grizzly TS resale prices are not as strong as Delta, PM or Jet. Several Grizzly TS have sold in area last 6 months. All were reduced down below $800-900 depending on age, when they finally disappeared from CL after week or two of being listed.

That said; don’t go too cheap. Prices have stayed high in 2021, like 2nd half of 2020. Butt ugly and rusted cabinet saws are selling for $600+, and newer model contractor saws are asking $500-600. Most pristine $1000 3HP 1PH cabinet saws don’t last very long right now in AZ.

+1 AJ2 > Don’t wait.
Have noticed more WW tools being sold in the 2-3 weeks than have entire 1st quarter of 2021. Folks are getting back to work. Lots of moving sales too. Just starting to see folks mention pandemic tools they barely used, and now want to sell.

IMHO – expect the wood working tool demand pendulum to swing much lower this summer. Between the disappointingly long lead times on new tools, orders being filled and everyone being poor, plus the price increases on construction lumber many newbies start using for 1st projects; wood working popularity will likely take a hit as 2021 progresses. There is also the problem of tool price increases. Most tool mfg have either; already raised prices, or told dealers that sales are stopped rest of year due cost increases. Grizzly catalog prices went up 10-15% in 2021, as did freight costs. Price increases in any hobby is fast way to curb demand.

Best Luck!

-- If it wasn't for bad luck, I wouldn't have no luck at all, Doom, despair, agony on me… - Albert King - Born Under a Bad Sign released 1967

View skatefriday's profile

skatefriday

509 posts in 2569 days


#6 posted 04-07-2021 06:57 PM

Looks like it’s in good condition, but it also looks like pre-mandatory riving knife. Which for me would be a deal breaker. At $1000 you are at about $600 below a new one. Maybe that’s a good deal, but 4 or 5 years ago that 1023 was about $1295. It can be depressing looking back through my old grizzly catalogs.

I also wonder what will happen to all the saws that were sold during the pandemic. Will they sit in garages collecting rust on the table, do we have an entirely new generation of avid hobbyist woodworkers, or will we see a bunch of new “craiglist posters have gone nuts” submissions?

View JDavid's profile

JDavid

50 posts in 1122 days


#7 posted 04-17-2021 10:22 PM

Put it on eBay for $100 for a five day auction and you’ll find out what it’s worth in five day’s time.

View JackDuren's profile

JackDuren

1556 posts in 2046 days


#8 posted 04-17-2021 11:28 PM

Put it up there for $1200. See what happens…

View JDavid's profile

JDavid

50 posts in 1122 days


#9 posted 04-18-2021 01:44 AM



Put it up there for $1200. See what happens…

- JackDuren

If it’s worth $1100 such a starting price is a complete waste of time. He’ll never get a bid. If you have confidence the item will sell, and I believe that saw will sell, put the starting price at the lowest possible price. You’ll bring in many more bidders that way, and as the bidding heats up, emotions take over. I’ve sold hundreds of tools on eBay. Start the bidding low. You’ll be surprised how effective this strategy is.

And one other thing. Always start the bidding on a Sunday or Monday night at 10:45pm EDT. The auction will end either on Friday or Saturday night. You see, on those weekend nights, people drink. You’ll always get a higher price on those nights.

View bigJohninvegas's profile

bigJohninvegas

1006 posts in 2549 days


#10 posted 04-18-2021 05:25 AM

So looking at Grizzly’s web site.
As you mentioned your G1023SL is discontinued.
But there are many G1023 versions still offered. And the cheapest one is the G1023RL.
Spec sheet on your saw is still up. And comparing the two saw, the RL is slightly more saw.
Basically longer fence, and a modern Riving knife.
Your saw states that it has a splitter.
the new RL version lists at $1570, and is backordered.
So I think you are on track with asking $1100, and 3hp, ask that $1200 starting price.
I never offer asking price, so a little high gives you room to move more. Makes a buyer feel better about the deal.
You saw does look very clean.
Good luck

-- John

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tvrgeek

1872 posts in 2736 days


#11 posted 04-18-2021 09:38 AM

If riving knife ( your throat plate suggests it is) then normal times would be about half original retail unless it was a very special machine. Things are not normal with the backordering, so IF it has a riving knife and blade guard, then 11 does not seem unreasonable.

If it is pre-riving knife, I would consider it a used motor.

View JackDuren's profile

JackDuren

1556 posts in 2046 days


#12 posted 04-18-2021 02:01 PM

Put it up there for $1200. See what happens…

- JackDuren

If it s worth $1100 such a starting price is a complete waste of time. He ll never get a bid. If you have confidence the item will sell, and I believe that saw will sell, put the starting price at the lowest possible price. You ll bring in many more bidders that way, and as the bidding heats up, emotions take over. I ve sold hundreds of tools on eBay. Start the bidding low. You ll be surprised how effective this strategy is.

And one other thing. Always start the bidding on a Sunday or Monday night at 10:45pm EDT. The auction will end either on Friday or Saturday night. You see, on those weekend nights, people drink. You ll always get a higher price on those nights.

- JDavid

Bought and sold tools myself, craigslist, marketpkace, Ebay.

Your just guessing…

View skatefriday's profile

skatefriday

509 posts in 2569 days


#13 posted 04-19-2021 06:51 PM


You see, on those weekend nights, people drink. You ll always get a higher price on those nights.

This is smart advice. I’m quite certain I was above the legal driving limit when I was sitting at home and pushed the buy button on my G1023 many years back. Straight from Grizzly, not ebay, and I don’t regret the purchase for a second, but the alcohol was definitely a contributing factor.

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