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That's a 1961 model 401 The front rims rot because they were filled with calcium from the factory to add weight to the front. Kind of surprising they got that bad because those aren't original tires. And the rears should be 6.00-12 tires.

Good running 14hp Magnum, approx 560 hrs. $225.00 20260613_164756.mp4

The company several years prior to selling, went through some tuff times according to what Cecil stated in his book to Mike Martino. Cecil had to sell some assets to pay back loans and so forth. At that time Cecil was in his mid 50's and by that time had made a pile of money allready, and had a chance to make a sizeable return before the company lost any more assets and Cecil jumped at the chance while he still had it! I can understand how he feels I'm approaching that age and if I had the chance to retire with a lot of life ahead of me I would go in a minute! I think competition was getting pretty tough at that time.