1940? IH COE

machine1

New User
Looking for some help on this old truck I have acquired and thought I would start here. I'm helping a friend clean out an old quonset and finally made it to the very back and was able to pull the old truck out. According to the information I have acquired it has been parked since the mid 60s. Hasn't seen sunlight in many years. I'm wondering if anyone might have some knowledge or point me in the right direction on these old trucks and maybe the value? I have no need for it but it is a neat looking old truck. I haven't checked out the engine yet but suspect it is locked up due to sitting for so long . Any help would be greatly appreciated. Thanks in Advance
 

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Looking for some help on this old truck I have acquired and thought I would start here. I'm helping a friend clean out an old quonset and finally made it to the very back and was able to pull the old truck out. According to the information I have acquired it has been parked since the mid 60s. Hasn't seen sunlight in many years. I'm wondering if anyone might have some knowledge or point me in the right direction on these old trucks and maybe the value? I have no need for it but it is a neat looking old truck. I haven't checked out the engine yet but suspect it is locked up due to sitting for so long . Any help would be greatly appreciated. Thanks in Advance
You might want to contact the international truck museum here in Fort Wayne Indiana. I am also sure they would love to have that. What state are you located in?
 
Looking for some help on this old truck I have acquired and thought I would start here. I'm helping a friend clean out an old quonset and finally made it to the very back and was able to pull the old truck out. According to the information I have acquired it has been parked since the mid 60s. Hasn't seen sunlight in many years. I'm wondering if anyone might have some knowledge or point me in the right direction on these old trucks and maybe the value? I have no need for it but it is a neat looking old truck. I haven't checked out the engine yet but suspect it is locked up due to sitting for so long . Any help would be greatly appreciated. Thanks in Advance
Start looking at ihc online forums. The word binder may come up. Vintage truck magazine and there is several books on ih trucks. Far as value take your time those early cab overs can bring good money. If you are selling you may need to advertise in like hemmings or ebay motors. Being stored and kept original is a big advantage. I am assuming it's a flat 6 engine, probably ih. Not sure some early cab overs the cab was made by other companies due to low production.
 
Honestly I think you're going to be disappointed at the value. It's not going to be worth much. Is it of historical value to a museum? Sure, but only if the museum gets it for free or for a token amount. Is it of value to a hot rodder? Sure, but only if they get it for next to nothing, because they're going to strip the cab off and put it on a Ford Super Duty frame with a 24-valve Cummins and a 6-speed transmission, sending the rest to scrap.

You should see the theme that's developing: People will be interested in it, but ONLY if they can get their hands on it for cheap. Finding someone to pay you good money for it is going to be difficult.

Probably the most value it would have is as the subject of a "Will it run and drive?" Youtube video for an established Youtube personality such as Vice Grip Garage. But again, they're not going to want to pay much for the vehicle.

My recommendation is, have fun with it, or pass it on to someone else who will have fun with it. I assume you took it as "payment" for helping clear out the barn. Figure out what you've got into it for time, hauling, etc., add a couple hundred dollars for wiggle room, and ask that much. You can help its value by cleaning it off, cleaning it out, and getting it on some round tires. I think standard 20" dayton style rims will fit that, and you can find 20" tires on rims that hold air cheap or free. I see them on farm auctions all the time, and they are often marked NSD.
 
Honestly I think you're going to be disappointed at the value. It's not going to be worth much. Is it of historical value to a museum? Sure, but only if the museum gets it for free or for a token amount. Is it of value to a hot rodder? Sure, but only if they get it for next to nothing, because they're going to strip the cab off and put it on a Ford Super Duty frame with a 24-valve Cummins and a 6-speed transmission, sending the rest to scrap.

You should see the theme that's developing: People will be interested in it, but ONLY if they can get their hands on it for cheap. Finding someone to pay you good money for it is going to be difficult.

Probably the most value it would have is as the subject of a "Will it run and drive?" Youtube video for an established Youtube personality such as Vice Grip Garage. But again, they're not going to want to pay much for the vehicle.

My recommendation is, have fun with it, or pass it on to someone else who will have fun with it. I assume you took it as "payment" for helping clear out the barn. Figure out what you've got into it for time, hauling, etc., add a couple hundred dollars for wiggle room, and ask that much. You can help its value by cleaning it off, cleaning it out, and getting it on some round tires. I think standard 20" dayton style rims will fit that, and you can find 20" tires on rims that hold air cheap or free. I see them on farm auctions all the time, and they are often marked NSD.
Barnyard some of those early cab overs get quite pricey. As I hinted at you have got to advertise it and find a buyer. He will have a stroke if he puts 6 new tires on it when he sees the bill!
 
I also forgot Wheels of time magazine. It's for antique heavy trucks. Next as barn yard said doing a few things to it like cleaning it, check engine to see if stuck, if not it might be possible to get it to run. And value goes way up. Some of this stuff was working fine when it went into storage. Some of it went into storage because it had issues.
 
Honestly I think you're going to be disappointed at the value. It's not going to be worth much. Is it of historical value to a museum? Sure, but only if the museum gets it for free or for a token amount. Is it of value to a hot rodder? Sure, but only if they get it for next to nothing, because they're going to strip the cab off and put it on a Ford Super Duty frame with a 24-valve Cummins and a 6-speed transmission, sending the rest to scrap.

You should see the theme that's developing: People will be interested in it, but ONLY if they can get their hands on it for cheap. Finding someone to pay you good money for it is going to be difficult.

Probably the most value it would have is as the subject of a "Will it run and drive?" Youtube video for an established Youtube personality such as Vice Grip Garage. But again, they're not going to want to pay much for the vehicle.

My recommendation is, have fun with it, or pass it on to someone else who will have fun with it. I assume you took it as "payment" for helping clear out the barn. Figure out what you've got into it for time, hauling, etc., add a couple hundred dollars for wiggle room, and ask that much. You can help its value by cleaning it off, cleaning it out, and getting it on some round tires. I think standard 20" dayton style rims will fit that, and you can find 20" tires on rims that hold air cheap or free. I see them on farm auctions all the time, and they are often marked NSD.
I follow old trucks and see original old COEs bring good prices. This is definitely a barn find that has good value as an original.
 
The OP's truck is a LONG ways from that. Probably about $50,000+ worth of time and materials away from that.

That's generally how the restoration business goes. You put in a whole bunch of money and get some/most of it back out. If you're paying someone to do the work it doesn't pencil out. If you do the work yourself it better be top notch work or you're not going to get the top dollar. Regardless, figure that your labor is going to be free if you want to "profit."
 
Barnyard some of those early cab overs get quite pricey. As I hinted at you have got to advertise it and find a buyer. He will have a stroke if he puts 6 new tires on it when he sees the bill!
Nobody said anything about new tires. Some old truck tires that hold air will double the value of the truck as it sits there, and will cost little to nothing.

The only way this truck is going to get quite pricey is if it's restored. Knocking the dust off isn't going to turn a scrap truck into a $42,000 showpiece.
 
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Looking for some help on this old truck I have acquired and thought I would start here. I'm helping a friend clean out an old quonset and finally made it to the very back and was able to pull the old truck out. According to the information I have acquired it has been parked since the mid 60s. Hasn't seen sunlight in many years. I'm wondering if anyone might have some knowledge or point me in the right direction on these old trucks and maybe the value? I have no need for it but it is a neat looking old truck. I haven't checked out the engine yet but suspect it is locked up due to sitting for so long . Any help would be greatly appreciated. Thanks in Advance
It would be a good unit to at least get the engine running & sell it via an auction service. You may want someone a little higher profile. Auctioning it through Hemmings could be another option. Vehicles with "potential" seem to do a little better than average.

Is that a Hyster KE Krane behind the truck?

Mike
 
I live in the Texas Panhandle and there is not many collectors in this area. Thanks everyone for the comments and I will put some of this information to good use. I will get it cleaned up and check out the engine this week and post a few more photos. I see ads on CL and FB for barn finds but they are actually not. This is a 100% true barn find. I did find something interesting on it yesterday, it has a side draft carburetor. Never seen one. Who knows I may just keep it!
 
I live in the Texas Panhandle and there is not many collectors in this area. Thanks everyone for the comments and I will put some of this information to good use. I will get it cleaned up and check out the engine this week and post a few more photos. I see ads on CL and FB for barn finds but they are actually not. This is a 100% true barn find. I did find something interesting on it yesterday, it has a side draft carburetor. Never seen one. Who knows I may just keep it!
That's what I would do if I were you. Just keep it!
 
Honestly I think you're going to be disappointed at the value. It's not going to be worth much. Is it of historical value to a museum? Sure, but only if the museum gets it for free or for a token amount. Is it of value to a hot rodder? Sure, but only if they get it for next to nothing, because they're going to strip the cab off and put it on a Ford Super Duty frame with a 24-valve Cummins and a 6-speed transmission, sending the rest to scrap.

You should see the theme that's developing: People will be interested in it, but ONLY if they can get their hands on it for cheap. Finding someone to pay you good money for it is going to be difficult.

Probably the most value it would have is as the subject of a "Will it run and drive?" Youtube video for an established Youtube personality such as Vice Grip Garage. But again, they're not going to want to pay much for the vehicle.

My recommendation is, have fun with it, or pass it on to someone else who will have fun with it. I assume you took it as "payment" for helping clear out the barn. Figure out what you've got into it for time, hauling, etc., add a couple hundred dollars for wiggle room, and ask that much. You can help its value by cleaning it off, cleaning it out, and getting it on some round tires. I think standard 20" dayton style rims will fit that, and you can find 20" tires on rims that hold air cheap or free. I see them on farm auctions all the time, and they are often marked NSD.
Typical reply......if someone else has it, it's basically worthless......BUT if you own it, it's priceless!
 
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