I deal in small lathes and other machinery for a living. A lot depends on the condition and tooling. Prices range all over the place - but I rarely pay more than $500 for a lathe like that - in decent condition. You would need to have that machine checked out by a machinist or serious hobbyist to ascertain condition. How much wear is there on the ways? How much backlash in the cross-feed and compound screws? Any broken gear teeth or missing parts? There's a lot to consider. $1300 is high, but I've seen some asking prices of $3500 or more - of course they never sell at that price and it just confuses the marketplace. For comparison, I just picked up a South Bend 9A with a cabinet, taper attachment, steady rest, large dial indicators on the feeds and a crate of tooling/chucks for $750. SB taper attachments alone go for around $300 on eBay. A deal like that does not happen every day, but frequently enough. Prices vary in different parts of the country, supply & demand. Set up a search on CL and get daily emails. Also check on eBay for "local pick up only" (sort for "nearest first") lathes. You can also check pricing if you filter for "sold" lathes near you. important info to have. Good luck.
