Have you considered trying to find the windings / brushes / bearings for the existing motor? Many of these old tools are well worth rebuilding if you can get the parts, and many of the parts are standard off the shelf stuff...
If it were mine, I would take it to a local electric motor rebuilder to see what they could do for it...
If it were mine, I would take it to a local electric motor rebuilder to see what they could do for it...




LCHIEN
Loring in Katy, TX USA
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