I was very fortunate last week to find a piece of old iron that I not only wanted but could afford as well. It was listed as a "15" inch Oliver (they never made 15") for $325 on the local Craigslist. Running condition supposedly. I called as early as was polite the next morning and was the third person to call but as luck would have it, I was the first person that could show up. It turned out that the machine was only about 3 miles away and I rushed up there on my lunch break. It turned out to be a 12" Oliver 166BD in great shape with only the typical wear that 56 years might bring to a machine. I examined it to make sure it didn't have any serious flaws but for that price, they would have to be serious indeed to pass on it. As it turns out, they were closing the shop and he just wanted everything gone. He thought he would have problems selling a 440V 3phase machine so he priced it low. I didn't haggle at all since he really was losing big in this deal and I picked up the transformer to go with it for another $75 making a grand total of $400 for my newest project.
Without further ado I give you the Oliver 166BD 12" jointer with 3 knife cutterhead (standard, not clamshell type) 5HP 440V 3phase motor weighing in at a trifling 1700#.