Scored a bargain on Craig's List earlier in the week. Item listed as rarely used, 16 speed, floor model drill press. Asking price of $85. Upon inspection I couldn't get my wallet out fast enough. Once back in my shop I gave it a thorough inspection. I could find NO evidence that it had ever been used. It has a 1hp motor and a "dry" table with a drain hole for spent coolant. It had a rudimentary coolant system that had never been unwrapped.
The item was sold by Harbor Freight and carried their label.Their current equivalent carries a price of $299. This one was made in Taiwan and, according to the date on the motor, produced in Apr. of 2000.
I have found one item that I deem a drawback. The chuck adjusts from 0 to 5/8". The sharp edges on the jaws cause slow closing on larger drill bits and has a soft, almost spongy feel when closing. Looks like another order for Enco.
Here is what it looks like.

And from the operating position.

Joe