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+1 with Oldmacnut, I just got off CL and found about 20 used lathes for $50.00 to $150.00. Many of the lathes were Craftsman, but there were a few others with two rails. Many included the chisels. So you may want to start with a used lathe to see how you like it. Also you can save a lot on cutting tools.
 
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