Reel to reel repair - is it worth it?

You could get another one to practice on: changing belts, lubing capstans, using contact cleaner. I was a little shy at first about fixing my cassette deck but am now fearless and happy I learned how to keep it going. So don't toss it in the trash -- your Dad gave you not only the deck but the opportunity to learn and grow.

From the standpoint of a remembrance you've got all the advice you need. From the standpoint of the audio value of the RTR, you can check w member Atmasphere who is a high end electronic designer and vast experience using and repairing many, many RTRs.

Just from the sentimental value you may wish to keep it despite it not working. They are cool to look at.
As you may be quite handy, you may want to check on eBay for a repair kit. There are a few that supposedly would repair your described problem. Should run less than $50.00. Please post how you make out.

You have to ask several questions.
How good was the unit originally? Was it at the Tandberg or Revox level? Does the fixit guy have any experience with R2R? Some, like my Tandberg are mechanical monsters. Three motor designs can be somewhat less complex, but than you can toss in auto-reverse and there 'ya go.

I'd find a pro for the fix.

Over the years I've had a BUNCH of 'em....Sony TC series in both 3 head and 2 head. Tandberg 3000x. Teac 4010S (nice big meters) and an Akai with cross field heads.

Even if the machine is perfect, you'll find the tapes to be a limit. I have no idea if you can get recording tape today or what is available. I used to buy Scotch 207? 203? by the case. Head wear, demagnetizing and more can turn into hassles. Clean the heads? yep.

If you get it working, I'll send you...for shipping....a DBX compressor / expander you can play with. Should buy you a few db on the snr.....drat that tape hiss.

Magfan - I too owned a Teac 4010 in the late 70's until someone stole it out of my apartment along with Pioneer speakers and quadrophonic receiver. I know tapes degrade over time and can really gum up heads; but I'm going to get the player repaired and just play with it. Again, can't imagine just throwing it out with the trash. And I've determined I can't repair it. Thanks for the offer on the compressor/expander; I have no experience with one. When you have time, shoot me an email explaining what it does. I may take you up on your offer down the road. Right now, my solid state Essence amp is out for repair, my tubed Melos amp needs to go to the shop and my VPI Classic has a motor issue. So, my system is down. Once I get my equipment back on my shelves, I'll turn my attention to the repair of the Teac.