Reel to reel repair - is it worth it?


Inherited a Teac X-3 reel-to-reel from my father, along with some tapes he had recorded. In anticipation of getting it, I even bought some more pre-recorded tapes off Ebay. After I got the Teac home, I found it didn't work (reel won't engage when "play" is pushed). Only repairman in town gave $150 estimate. Is this reel-to-reel worth $150 to repair? Hate to just throw it in the trash as it has sentimental value. Even though I have no experience with these kinds of repairs, is this something I should try to repair? I can take apart anything. Fixing it and putting it back together again is another story. Any thoughts?
rockyboy
I found a repair shop in St. Louis (5hr drive) where wife's family lives. I will drop off the player for repair the next trip down. Thanks for everyone's thoughts.
This machine is certainly worth fixing even if you have to pay $250.00.

Once you find out what good tapes sound like $250 will seem really cheap.
Thanks - I have it in a shop for repair now. Hoping it's something simple like a belt.