Fisher stove help needed!

I would guess the rest of the stove isn't in the greatest shape either? I'd search Craigslist for a good EPA certified stove. I've sold lots of them for the cost of fixing that old Fisher.

I've seen stoves like this before. Usually the stove has set for many years hooked up to the chimney or stove pipe without a chimney cap allowing rain water to flow down the pipe into the stove. Before fixing it I'd pull the firebrick and look at the stove bottom, inside and out. If the stove box is solid I'd consider fixing it. Someone with a 110 volt MIG welder could easily weld a new pipe into place where it sets. you wouldn't even need to move it out of the basement You probably know someone with a welder who could help you with this. Any metal fabricator/supplier would sell you a short piece of pipe for a few dollars.

Your decision on whether to repair this would depend on how you intend to use the stove. If it's just going to be a back up heat source then it IMO would be worth fixing. If you decide to fix it there are ways to increase this old stoves efficiency. Search the threads here for information on adding a simple baffle for about $15.

All this assumes your chimney is in good shape.