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Here's a "what's it worth". 54 Model 40. New rear tires, new battery, original owner died in 2005, last run in 2012. Daughter of original purchaser sold it to me. Less than 2 hours later, I drove it home 12 miles. She says, "factory duals" but they look like an identical set of wheels to me. Rear weights. Stored in her attached heated garage and wanted to move it due to space. Oil is very clean after running, fuel system was clean. Ignition system required filing of the points and reset. Started with the hand crank on the second turn. She says low hours on the engine as it was only used to run a pto driven elevator for hay. I have no reason not to believe that! It runs fabulous! So what is a reasonable value for Indiana?
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