You have much more patience than I to be polishing up those old castings. Should be a looker though when you are done.I bought mine a few weeks ago for $400 Canadian with a custom bumper. I ended up selling the bumper for $50. The winch is from 1978 but was in surprisingly good condition. I am currently doing a rebuild with some upgrades - a lot thanks to Blackjack’s thread on Pirate4x4.
-new brake service kit
-new bushings and bearings in the lower housing
-all aluminum parts hand polished
-drum power coated black
-upgraded motor to Warn’s stronger industrial 70865
-Albright contactor to replace the solenoid
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It cost me $80 for a local metal polishing guy to do it for me. Apparently the new 8274 have cheaper casting so won't polish up the same. You gotta love the Made in the USA quality back then.You have much more patience than I to be polishing up those old castings. Should be a looker though when you are done.