That’s a tough call Fred- The overall condition of the radio looks good but maybe someone tried hooking up AC to the set. Summer is a good time to have an AC shop! 😂👍🇺🇸

It sounds like somebody connected the power supply wrong.

Wait for a donor to come along.

If it was mine, I’d be forced to take on the challenge. Sometimes it’s about more than money. As far as the transistors are concerned I can offer a few thoughts. 1) Salvage them from an old pocket transistor radio. 2) Purchase NOS Soviet transistors off of eBay. They have really dried up since the war broke out in Ukraine, but there are still several sources. 3) I’ve often replaced germanium transistors with silicon and found rebiasing unnecessary. Even if it is, if you begin at the output stage it should be possibly to come up with suitable resistor values by doing a little bit of experimenting. 4) Replace the audio stage with an LM-386 or something similar. In the end it’s your decision. It’s your radio, your money and your time.

Briefly looked at the schematic. since the currents are so low all but the audio stages would need rebiasing. Specifically R19. I have no idea what an R240 transistors is. maybe floor sweepings from Raytheon?

The R250 audio output transistors were probably a 2N214 or sub. The R251 was a driver and probably a 2N213 sub. All NPN and a Germanium design. Try finding good old NTE103 to replace those Germanium ones. Best guess IMHO.

Restore it. Take the challenge!

I would restore it. It is a fantastic radio. My radio didn't have knobs for it. I had to purchase another radio to recast new knobs. The knobs are very expensive and hard to get. I ended up with three XR-2 radios. Fix it!