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I think you should go for it. You'll never forgive yourself later for not doing it. Sure it's alot of work, but the boat in the pictures looks doable.
These boats can also be donated to the Maritime Museum in St. Michaels Maryland where they love to restore these. You can also get a reasonable tax deduction for the donation as they are quite valuable.
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"Igneous Aquam et Laudi semper"
Carl Muckley
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