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Rock-Olas from that vintage are pretty collectible. Beware the dreaded 6973 tube!
You will need to disassemble, clean and re-lube the gripper arm. Manuals are easily available, and parts are pretty easy to come by. These things were like TV sets, mostly different cabinets and slight mechanical variations.
Most issues are things being greasy, out of adjustment, or dirty.
If you want torture, you want a late 50s Seeburg!
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