I maintained a suburban yard of a neighbor growing up. They had a 122 they bought new. They also had a 1000 that I now own.
The 122 was a solid, well built machine. IH put 10 and 12 horse Kohler engines in the gear drive tractors they made. The 122 has the 12 horse engine. My dad had a 108 and the neighbors had the 1000 so I was very used to 10 horse CCs. I noticed the difference when I used the 122.
I would go over the tractor and look for anything that is worn or not working. In particular be sure the clutch and PTO clutch function properly. PTO clutches aren't bad to rebuild. Driveline clutches can be costly to rebuild. Keep in mind that this tractor was made in the late 1960s. If it needs repair chances are the parts are almost 50 years old.
From the pictures you posted it looks like it was stored inside and taken care of. If there are no major problems I wouldn't hesitate to buy it.
My $0.02
Bob
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