Poor thing, but price seems fair though...
25$ for a nice safety valve, whistle and steam valve...and most likely a fully usable boiler and flywheel as well, would seem like a bargain to me.
Heck, i even think it would run as is, if the cylinder isn´t completely stuck.
Would be proud to have it as is on my shelf here, as a proof of Jensen quality 
I agree Jan, it would be a novelty to do no more than is needed just to get it to run & display as is.
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