I see solid AD 2 ton trucks sell regularly for between $300 and $1200 at local sales and in the paper.
The last 2 ton I sold was a '50 2 ton with two speed rear, working PTO.. no rust thru, original paint, had a dent on one fender, and the bed wood is pretty much shot.
I got $910 for it on eBay. If you assume the winning bidder estimated $300 for fuel to come get it, that would put it's general value at around $1200.
Sounds like the truck you're looking at is in better shape.. no dent, solid bed, fresher paint.. so my guess is the "value" of it would be more.. but it's hard to say exactly how much more.. maybe $300 to $400 more?
Big Bolts aren't in high demand around these parts, and they can be expensive to ship.
Because of their size (you can't usually keep them parked in your driveway in an upscale sub-division or apartment building parking lot) the demand for the big trucks isn't nearly as high, so as a result, the sale prices aren't nearly as high.
For a really, really nice, all original 2 ton '48.. i'd have to say somewhere in the $2,000 to $2,500 range.
As with any item, the "true value" is what somebody is willing to pay. I'd search eBays completed items to get a feel for what folks have paid for simular condition trucks.
