I have a 201, but I haven't done any sewing on it yet because I want to refurbish the shellac coating first in order to protect the decals which are about 98% intact. We have worked on it, the presser foot was stuck and we had to work on that. My son rewired the motor, just for safety's sake. The wiring was not shorted or anything like that, but obviously, it had not been used in a long time. As far as sewing leather with a domestic sewing machine, I don't want to do that. A home sewing machine is not intended for that purpose, and I don't think I would want to do that at all. As to the value of the machine, I wouldn't want to even guess. I think I'd rather keep a machine that I know works than sell it for big bucks, and then, when I wanted another, I'd end up having to pay even bigger bucks to replace it!! JMHO!
Jeanette