What you have there is a late 1940's-1950's Flambeau outboard. I don'y believe the "62-M" is the model number...where did you get that from? Flambeau Outboards were produced by the Metal Products Corporation of Milwaukee, Wisconsin. Two models, a 2.5 hp and 5 hp were produced from 1946 through the mid 1950's. They are quite unique in the fact that the outboard is actually made of two pieces of cast metal, and it actually needs to be split in half to work on any part of the motor.
This is what that motor used to look like!
As far as what they are worth...no idea. Probably worth something to the right collector. Parts might be hard to come by though! Hope this helps out.
