by chiefss » Sat Oct 03, 2009 5:58 pm
It's a little hard to walk around with 500 engines. Guess I should have asked my grandfather for a receipt when he gave my my OK Cub 049X 55 years ago. And I should have demanded a receipt from all the guys who gave me engines or traded for other engines. How about ebay. Never asked for a receipt there. Bought dozens on eBay.
As far as insurance. Just make sure you have a good company. I had a box of engines stolen. My company, Farmers, just wanted a list of what was stolen and prices. As many were over twenty years old I didn't have any proof of price so the company said just give an estimate. I did and they paid every cent I claimed. For the current ones, I just gave the retail price from magazines. Now I keep a list for the company and estimated prices. Pictures of the really rare ones.
I wonder just how many collectors like Clarence Lee, Ted Enticknap, George Aldrich, etc, all have reciepts for the thousands of engins they have. How many guys keep their receipts for engines they buy today? Not many, I bet