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Pacemaker purchase?

Discussion in 'General Yachting Discussion' started by Domie, Feb 9, 2014.

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  1. Domie

    Domie New Member

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    New member here.
    I am about to pull the trigger on a 1968, 60' pacemaker. The boat was listed on this forum back in 06 or 07 from member "couch".
    The vessel is named the Ten & Ten. HUGE rebuild done back then and still in pretty god shape still. Was let go cosmetically for several years but is slowly working back to fine shape.
    Any history about this boat would be greatly appreciated . .

    I have never owned this size of a vessel and seeing its wood . . I'm having trouble getting insurance. Any recommendations?
  2. NYCAP123

    NYCAP123 Senior Member

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    I hate to kill a sale for a YF member or anybody else, but you're thinking of buying a 60' wood boat and bringing it to Naples. Fl.? You've got courage, a lot of time on your hands, and/or a lot of money to spend. As long as you possess those a 60' Pacemaker is a beautiful boat. Understand though that the water, heat and humidity of south Florida are not kind to boat. Worms, barnacles, mold and lots of painting are a few of the things in your future.

    Except for a few classics, most wood boats are heading for the bone yard or the bay bottom, which is why the insurance companies are hesitant.
  3. Domie

    Domie New Member

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    Moving it to Baltimore. Already in Naples. Been in Naples for 6 months. Came down from NY. It is a classic, fully restored in 06. I don,t mind paint n varnish. Retired and have the time. ( not the money though!) Bottom blasted and coated 5 months ago, so barnacles . . . Not many
  4. NYCAP123

    NYCAP123 Senior Member

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    As the captain of a 1981 Hatt I love seeing the proud old girls given life and respect, as long as you fully understand what you're getting into. She'll fair much better in Baltimore than in Naples. Good luck. She is a beauty.
  5. Domie

    Domie New Member

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    I built homes ( hands on) for 25 years. If it's wood . . .i can fix it.
    My main concern is my lack of boat knowledge. I,ll need a captain signed on for a bit to get some proper training, but I,m a quick study.
    Belie the waterline is my fear with the wood boat.
    I,m gonna call Grundy on Monday to talk , at least, liability so I can secure the marina for the season in fells point.
  6. olderboater

    olderboater Senior Member

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    Are you having it surveyed? Part one you say you're about to pull the trigger, but then it reads more like you have already agreed to purchase it? I realize a survey sounds expensive compared to the cost of the boat but compared to the future costs a survey may be a real bargain. You indicate your concern is below the waterline as it well should be, but what about the engines and other systems.
  7. dennismc

    dennismc Senior Member

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    I understand that surveyors will not survey any wooden hull on a commercial vessel due to fastener failures. Note I said commercial, maybe that's the Ins. Co. history and reason. I have a friend in Vancouver who bought a similar 66 Pace and boy, is he having work....everything leaks...ymmv
  8. NYCAP123

    NYCAP123 Senior Member

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    Ditto Olderboater's comments.

    You will need liability insurance. That shouldn't be too much trouble. You'll probably be self-insuring the hull and machinery though.

    You have some good people in Baltimore. Go talk with some of the people in the yards for a heads up on what to expect. Look around for older guys with wooden boat experience.

    Your background indicates you'll be able to handle things like changing a plank here or there, but things like paint may shock you. Not too many people are using house paint anymore. Things like Awlgrip you won't do yourself and can easily cost the better part of $100K for that boat. Seams spread and contract on wood boats. So paint won't hold nearly as long as you'd like. She also won't be cheap to haul.
  9. Capt Ralph

    Capt Ralph Senior Member

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    I must have missed something; "Commercial" vessel? Your Pacemaker has an COI? Rating?

    You mentioned bottom coated, was that just paint or epoxy?
  10. dennismc

    dennismc Senior Member

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    I was referring to the Ins. issue. some should engage brain before mouth...
  11. RT46

    RT46 Senior Member

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    Have you checked out any older Hatteras yachts?

    There is even another forum just for the older Hatts.

    You can get into some real nice older Hatts in the 53' to 60' range with Detriots at a decent price.

    I love and admire wood boats, especially the older ones.
    A 50 year old 60' wood boat is going to need a lot of love and a pretty fat check book to keep operational.
    I am not sure I would personally take on such a task.
    However, I would not discourage an informed buyer from getting into an older wood classic. I would just want them to know what they are getting into.

    BTW, a 60' fiberglass boat will keep you pretty busy with maint.

    Good luck, and if you buy the boat please post some pictures.

    Regards,
    RT46
  12. Capt Ralph

    Capt Ralph Senior Member

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    Was this comment for me?
    I was referring to the insurance issue also. I didn't understand how the term "Commercial" was used unless the boat is used for commercial activity.
  13. Caltexflanc

    Caltexflanc Senior Member

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    You need to find, and get references for, a really good surveyor in Florida (It sound like that is where it is) that has done a lot of large wooden boats. And someone else expert in whatever engines are in there. These types of vessels are notorious for becoming infinite time and money pits. That it is still around and afloat is somewhat reassuring, but a boat that size and age can get away from you so fast it will make your eyes water... literally. One sees so many of these projects up on the hill in the back of a yard forever.
  14. Old Phart

    Old Phart Senior Member

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    I dunno
    More than likely it was a mental note to himself.

    Do not recall any mention of commercial use by the OP, either.
  15. Old Phart

    Old Phart Senior Member

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    I dunno
    This is some tough love; however, if you can not afford their services, you can not afford the boat.

    Marine Surveyors
  16. Capt Ralph

    Capt Ralph Senior Member

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    Post#7 makes reference to "commercial vessel" survey problem and comment from the insurance co.
  17. RER

    RER Senior Member

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    You'll need a whole lot of one or the other. 45 year old wood boats only care about themselves.

    Some wood boats were overbuilt, and with great care can stand the test of time better than others. Pacemaker is one of the others.
  18. SeaEric

    SeaEric YF Historian

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    If she goes to Baltimore, she will be going back home. She used to live in Baltimore many years back. She was a full time liveaboard for a husband and wife who were (both I think) airline pilots. She was then named Sea Mist or Blue Mist. She had already had tons of $$ spent on her, then "couch" got her and really went crazy. She is a lot of boat. A pre-purchase survey would be a really good idea. Look up Henry Pickersgill, surveyor in central Florida somewhere. He knows wood hulls.
  19. Old Phart

    Old Phart Senior Member

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    I dunno
    Post#7 is not by the OP.

    The member (Post#7) who introduced commercial vessel is at fault, not you.

    The hidden reasons for a survey:

    Marine Surveyors
  20. Domie

    Domie New Member

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    SeaEric

    You are correct. The boat s going home, and yes, it was originally the sea mist, owned by 2 pilots.
    "Couch" did go nuts on it. 80% of the hull was replaced along with the keel.
    Put two brand new cat 3126s in it, complete rewire, all new interior and many other things.
    The boat is actually real solid. Some of the floor planking is showing some wear and the carpets need replaced but that's normal stuff.
    If I can keep the hull together for 6 more years . . I,m golden.