An 1864 is actually a really nice machine. I would pull the heads and check it out before I parted if out. I see a valve train kit is $29.05 plus you would need head and valve cover gaskets. The valve train kit has rockers, rocker pivots, rocker bolts and pushrods. I don't remember how many I had to order, but the picture shows enough for the whole engine.
You could even straighten the push rods to get it running so you can make a decision about spending anything on it. They will bend again, so don't run it long.
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2 Originals, 100, 105, 125, 1450, 1200, 2 IH 982's, 1211, 2072, 2-1864's, 1782, 3 - 42" front blades, 3 Haban 54" blades, Haban sickle mower, BB36, QA-36A, 42" IH rear blade, 42" IH landscape rake, #1 tiller, #40 box blade, 59M shredder, #2 cart, International 3312 push mower, International 250 power washer, 1952 IH refridgerator, 1971 IH 1210 3/4T 4x4 truck
  
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