Don't know about your area, but around here that would be a lot to pay (especially for a non-Singer) unless it and hte cabinet was pristine. Even two spools don't usually sell for that much on Craigslist, though they will sell for more on eBay.
If it was electric, then it wasn't all that old. If it was a hand crank, then it's worth more, but would still need to decent condition.
Now - if it was a really old one (like I'm looking for ) I'd probably buy it anyway - because I've only seen one other like what I want, and they won't ship
