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1979 Mercury 40 Hp Lower Unit For Sale. on 2040-parts.com

US $200.00
Location:

Boyd, Texas, United States

Boyd, Texas, United States
As you can see from the pictures, it has some damage, including a piece of the casting broken off. The oil has no water and there are not metal shavings on the magnet.
Brand:mercury Stroke:2-Stroke Engine(HP):40 Country/Region of Manufacture:United States Manufacturer Part Number:1643-6459A11

I believe this is the long shaft.  Ir is off a 40 hp two stroke from 1979.  The serial of the motor is 5174649.  If you measure the one you are replacing the way i have done in the photo, you should be in business.  I checked the oil and the magnet/drain plug.  No water in the oil and no metal on the magnet.  You will need to fill the gear case with oil and probably replace the impeller.

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