Is it a real telehandler, with the extendable boom like Mech 688 pictured? They are not a particularly old machine, even though the one you are looking at might be pretty tattered. It seems to me they started to come into general use in the '80's. Prior to this time high-lift forklifts used a forklift mast on a big loader-like boom to get the high lift.
It might be worth checking into the resale value, even if just for some of the parts. Especially if the boom is still in decent shape. A buddy of mine picked up a telehandler with a bent boom section for $25K. He happens to have a fab shop so he was able to fab up a new boom section with the help of a local engineer, and ended up with a $100K machine. It wasn't worth repairing without being able to get a boom section cheap.
Can't think of any oddball safety hazards to watch out for on dismantling these machines, other than you're dealing with heavy stuff. And lots of hydraulics. (Hydraulic oil + oxyacetylene torch sometimes = fires)
If you can get it for the right price you stand to make some decent coin.
Jon.
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