Over 2 years ago I bought a Powermatic 300 sander through E-bay from the Oriskany School district which is 100 miles or so from me, my wife was giving birth at the time I bought it so I was trying to arrange a time to go pick it up when the guy from the school said he was coming to my town the next weekend because that is where his father lived. Double score, my winning bid was $61 I think and the guy delivered it, I gave him $75 and said thanks. Unfortunantly I don't have any pictures of how it arrived but it was in pretty good shape for being 30-40 years old and coming from a school.
I just started to restore it, I am not worried about making it factory original, I just want to make it very usable. The only issues so far have been the two bearings that needed replacing, they cost $40 each from Kaman Bearing. Also I will have to rebuild the dust cover for the belt side and try to find some turn knobs or make some to replace the stripped out ones from the machine. Here are some pictures.