“What’s it Worth?”
by Chuck Petersen
The three most common questions I hear at boat shows
are the following: 1). What is that? 2). How fast does it go? and
3). What is it worth? Outboard motors, similar to wooden boats, are
valued by the simple laws of supply and demand. Yet, some fairly
common models like Mercury kg-7 “Super 10” and Johnson 5 hp
green TD models are fairly pricey in restored condition. Some rare,
often low horse power, brands like Flambeau or Elgin are easy to
bargain for. Horsepower alone is not a good pricing guide. A
diminutive horsepower Clarke troller
is a high dollar item while a 1950’s Johnson V-4 50 h.p. is not
worth $1.00 per pound! The key seems to be each
model/manufacturer’s impact over time to excite the market. This
“market” is largely made up of baby-boomer collectors that form
a clear affinity for the models that made a lasting impression early
in life. The memories of a full-race Mercury KG9-H screaming across
the lake at then unheard of speeds or fishing all day with a red
Johnson 10 hp QD model last a long time. They were simply the best
examples in each category available in their era.
While most participants in the world of outboard motor collecting
find a niche based on personal preference, i.e. life experience,
outward appearance or even accessories, a few pricing principles
hold true.
1). If it was a racing model with documented
competition history, buy it!!!. With some clear exceptions like the
Mercury mk20H and Champion “High Speed” models, most race motors
of the 1950’s were nearly identical to their fishing counterparts
in power head design. The short tower housing and torpedo gear cases
built in limited number was the key defining feature. Race models,
like their American muscle car counterparts, often fetch 10 times
the value of a similar vintage standard model.
2). Historical
significance. Names like Waterman, Johnson, Elto, Mercury and Chris
Craft are significant to the industry for various reasons. Models in
their respective lines that represented technology break-throughs
for the respective eras are sought after by collectors. Examples of
this include early Kiekhaffer Mercurys and “break out” designs
like the six cylinder “Tower of Power” mk75 or 4 cylinder
kg-9mk40 models.
3). Finally… Complete, original parts motors are
key. Even novice collectors can spot a bad paint job, missing or
non-original parts or poor workmanship a mile away. The key for me
is to buy what you really want and will actually use on occasion.
Don’t be swept up in looking for a “deal” on a motor that will
sit on a corner of the garage for years. Do buy “parts” motors
in less than pristine condition of models you plan to restore and
use. The spare parts can be neatly stored and classified for future
needs and take up a minimum of space. Some examples I feel will grow
in value in the near future include recent era race models, some
still in competition, like 1970’s – 1980’s Mercury models and
1980’s – 1990’s OMC mills. Also “Art Deco” late 1950’s,
early 1960’s motors like the Fire Hat Merc. 28 and 10 hp models
are picking up steam. While these were merely a stepping stone in
technology between classic 1950’s models and modern power plants,
their unique design and paint jobs really catch the eye. 
In closing, enjoy the hobby by doing as much work
as possible yourself and consider parts availability for “user”
models. Enjoy the off-season shop time!
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