A Sad and Lonely Singer 201-2

I thrifted this poor old Singer 201-2 this weekend.

It was in a trashed out cabinet, and was in a few pieces. The price was right, so I brought the whole thing home with me. There were some accessories in with the cabinet; a buttonholer with all of the templates, some feet, and this super-cool Blind Stitch Attachment (I've never seen one before, and can't wait to try it out!)

 

As far as the machine goes, it is a 1940 201-2 and looks to be in decent shape! Good news, right? However, it's missing some parts, most importantly the entire motor assembly. In fact, it looks like someone attempted to repair a burnt-out motor (judging from the old motor brushes, dust, and black flakes of crap that I found in the cabinet), but quickly found out that new motors are not available for this model. Poor, poor old Singer!

 

And now I'm faced with the dilemma of what to do with this sad little Singer 201.

 

On the one hand, I do have the ability fix it and get it running again. But, I already have a 201-2 in perfect running order, and don't need two - hell, I don't even have a cabinet or base for this machine! Plus, the cost for all the missing parts is about $150. So do I really want to spend that money on a machine that would just go right on a shelf? Forget trying to sell it once it's fixed, as a 201-2 in good working order, machine only (no box or cabinet) isn't worth more than $100.

 

Or, I can keep it in storage as a parts machine if anything ever goes wrong with my 201-2. Except the only part that is likely to need replacing would be the motor, which is already missing from this machine.

 

I thought sleeping on it would help me make a decision, but it's not any clearer to me today. My instincts tell me to fix it up, as I've resurrected machines in much worse shape than this, but my practical side keeps telling me not to put my time and money into a machine that I don't need.

 

What do you think, what should I do with this sad and lonely lady Singer 201-2?