Step Down From My Frigidare Ironer
Rather my model replaced this one.
Frigidare made some changes to the controls and internals.
Forty clams is too much to ask for an ironer with all that rust. It's worth that or more for scrap value but as one has often stated mine was in great shape and was free.
If the item was stored in such a damp area to cause that much rust on the surface, lord only knows how the motor, gears and other internal parts fared.
IMHO an ironer should be pristine as possible as befits something that clean linens/laundry will touch before being put away.