So let's have a little more information. Is your intent to get a a collectable antique that you can use on occasion, more so than a useable, functional older tractor that just happens to have some collectability? Is it "form over function"? Or, function THEN form?
Function is #1 - collectibility is not at the top of my list. Fun old tractor that works great, has parts available is desired. It will serve as a second to my M7040. I will likely keep the landscape rake or drag harrow or box blade on this tractor.
How much will you use this tractor? Just a few hours a year and in more of a "play" capacity, or will it earn its keep? What chores do you envision this tractor doing on a routine basis? Is fuel economy a goal, or would you qualify that as an added benefit should you happen to luck on to a fuel efficient tractor? How important is it to end up with certain features like 3-point hitch, live power, power steering, draft control, remote hydraulics, good lighting, ect?
I will use this tractor about 20 Hours per month. I will be maintaining my driveway (.25 mile long), finish cutting and other odd jobs - like hayrides!
3PH is very important, live power, power steering, good lighting is desired. Draft control, remotes are not necessary, but if they are on the tractor, bonus.
Just what do you consider "antique"? Or "collectable"? 25 years old? 50?
Yes. As mentioned above, I'm not so concerned about the collectibility.
Do you favor any certain brands? Models? What tractors are in your history? Did you grow up around "grampa's M FarmAll", or any other particular tractor?
I do favor - Ford, Massey, Farmall, Deere, in no specific order.
OK...My opinion again. Starting back in the early 1970's, I bought and re-sold any tractor I could make a buck on. I kept records of all my sales. Just recently I decided to go back and count just how many tractors I've traded. 97 so far. Just about every color and brand. Mostly I stayed with utility or rowcrop tractors, 30 to 100 hp, and tried to stay with popular models that would sell good. In addition, I've owned (for my own use) Fords, Deere's IH, Allis Chalmers, Olivers, Case, and a bunch of Ferguson/Massey Fergusons.
Without a doubt, the most functional, efficient, reliable, easy to maintain, and cost effective tractor I've ever owned, I STILL own. Its been here since new in 1971. That's the tractor in my avatar. A 1971 Massey Ferguson 150. They were built from 1964 through 1975. Essentially, it's a beefed up 135. They used the entire drive train of a 135, with the addition of a heavier front axle that gave it 9" longer wheelbase, a bigger cooling system, more fuel capacity, a better air filter system, better power steering, and they came standard with just about every option available on a 135. In 1964, it became the most fuel efficient tractor ever tested at the University of Nebraska testing facility, a mark it held for near 20 years. The longer wheel base gives the 150 a better balance than a 135. They'll hanlde rear-mounted loads better than any tractor its size I've ever been around. Ask anyone who's ever owned one, the Perkins diesel is the finest small diesel engine ever produced. They run forever, produce excellent power on very little fuel. In original configuration, they were 38.7HP (PTO) The very same engine was available through the years in various models. With an adjustment of the fuel screw on the injector pump, they were rated at anywhere from 32 HP to 52. I've had mine set to where it dyno's 47 hP and it's been there for more than 35 years. It STILL runs like a new one. No blow-by, starts good in the coldest of weather, excellent low end torque (a trademark of small Perkins diesels) all without ever having the valve cover off!
Parts are plentiful. Massey Ferguson has their "Heritage Parts" network, along with tons of aftermarket parts. The only thing that has slowed these tractors from becoming collectors items is the fact they're still very popular as everyday workers. You won't find any tractor more usefull or more versatile. In it's day the 135 and 150's principal competition was the 3000 Ford. I've owned 2 of them and from years of experience, the 150 would work circles around the 3000 (which was no weak sister by any stretch)
You can find 'em in the $4000 range, although many sell upwards of $6000, even as high as $7000.
You want a more collectable, older version, one that sells for LESS? Look for Massey Harris 50's, Ferguson F40's, and Massey Ferguson 50's. They're the first generation of the 150. Plenty around. I grew up on my dads F40.
Masseys are fast becoming a VERY popular collectors tractor. There's even a magazine about to hit the market dealing with collectable Massey's. The 150 is one of the rarer early Massey's.
This is excellent information and exactly what I was looking for. I will be checking the 150s out. FWJ, you continue to provide excellent advise and I thank you for taking the time to post this and respect your opinion! THANK YOU!