That is what I have paid for a 3 furrow ridging plough off e-bay, a scrapper, may be, but today I have used it before the rain and it worked fine and will improve with more use.
I already have a Ransome 3 furrow ridger that cost me £100, the frame was bent, so I repaired it one afternoon last year and it works fine. Unfortunately it has long legs and is ideal for more established plants and is too high for my DB885 which is on 32 inch wheels. (Better on my mates DB990). After struggling a bit I decided to find a ridger with shorter legs. There it was, on E-bay at £55.00 with 5 bids on it. It was ruff looking, make unknown and only 6 miles away. I put a high bid on it of £80 and won the auction at £62.99.
Collected the plough with my Land Rover and trailer and stripped it down, its another Ransome plough. Bought a couple of new points at £10 each, straightened a few bent bits, replaced a few nasty bolts and I have used it on my 885 without a drama, pure therapy.
I do intend to spend more time repairing the plough frame as there are still a few bends, rusted bolts, a good shot blasting and new paint perhaps. But it works, so what is it worth ?
Well to me. If I put that same amount of money in a bank, it would loose value as banks are incapable of paying interest. So they serve no purpose to me, besides, what else would I be doing with my time.
If I were to purchase that plough in working condition, it would cost me a lot more, it would be interesting to know the cost new. How much would I let it go for ? Unless I could replace it, I would not let it go.
I suppose my point is £500, £1000, ?? who cares. It was affordable, under valued & produces food. Priceless.