Hi Guys,
I saw the Folsey Belsaw Professional Locksmithing Course thread from 2004 that continued to 2008 and it seemed that everyone was happy with the course, the cost/benefit ratio seemed good.
Link to that thread:
viewtopic.php?f=50&t=1073
I also saw the thread from 2017/2018 where Foley-Belsaw was auctioned off and one of their instru.rctors bought and is now offering a revamped locksmithing course that can be taken online or by traditional correspondence (though you pay a $100 premium to do so).
Link to that thread:
viewtopic.php?f=46&t=64551&hilit=end+of+an+era
Looking at the site, I also see that the FB 200 key machine has been discontinued, but they are still carrying some parts for them.
Back in '04 $600 with a key machine seemed a good deal. Today it runs $995 for an equivalent course:
$400 for the online course
$150 for the basic supplies (you don't send locks in any more for grading, you buy and keep them)
$75 if you want printed books (which I probably would as they'd be nice for future reference)
$370 for an HPC Mini-Speedex Duplicator, which isn't a bad price on it and from what I gather, HPC does make good quality stuff.
You are also given one year to complete the course, if you go beyond that you are charged a $5 a month extension fee.
It's kind of hard to do apples to apples comparisons, but using a couple value of money calculators, it appears that $600 in 2004 dollars is equivalent to about $800 in today's money, so the course runs about $195 more than it used to - but you get to keep your practice locks, and you used to have to pay shipping back for your practice locks, so there's a little there that's unaccounted for. They claim the course has been expanded to include the more recent developments in locks, so there may be some added value there.
So I guess the questions are:
Is the course still a good foundation to build on? I imagine it is as I imagine they just expanded the new course and left the bulk of it unchanged.
Does the new owner make several offers and drop the price a bit if you don't respond right away like the original owners did? If so, what is their new bottom dollar price?
Is the HPC Mini-Speedex equivalent, or more capable, than the FB-200? Was the FB-200 it's own design, or a rebadged product from another company? Are the high wear parts adaptable to components from other machines, or is the parts supply for them slowly drying up?
Thanks!
Steve