It kinda depends on how you look at it. A few years ago you almost couldn't give those parts away. With all the hype for "nostalgia" rods (rat rods, whatever) old Ford brakes and spindles are back "in". If you watch ebay for a while you'll get a feel for what the market is. Last year I sold a set of '40 brakes (complete, w/good shoes and turnable drums, and all the "little" hardware) and the '40 spindles to a guy building a nostalgia car. Got $300 for the lot, pretty much what they were going on ebay for. I see the spindles are down a little this year, going for less than $90 most of the time. Brakes, supposedly in good shape, seem to still be pullin' near $200.

If the drums aren't beefy enough to be turned again, they're about worthless. A replacement set of inner and outer races and bearings run close to $100. Shoes aren't too bad, typically $40-50. Approach accordingly.