From the receipt of the shop who looked at my car: "Found vehicle has severe engine noise, removed valve cover and oil filter and cranked engine and found no oil on valve train or coming from oil filter adapter indicating oil pump had failed. Recommend replacing engine or trying to replace oil pump with no guarantee it will fix bottom end noise."
Indicating no oil is circulating, which I believe could mean the oil pump failed or the inlet to the oil pump is blocked - someone correct me if I am mistaken.
I like the Accord too much to just junk it or sell it, over the last year and a half I feel like that car has become a part of my identity (cheesy, I know) and I put a lot of heart and soul into it.
Somewhat understood. I had a 1984 Accord previously, so I'm somewhat vicariously attached to it as well.
But you need to be a little bit realistic as well - it's a 35-year-old car. It's 10-years past being an antique, except they made thousands of Accords, so it's not really a classic, it's just old (not trying to be harsh).
If you feel up to it, I would drop the pan for $100 and check the inlet and replace the oil pump. Might get you another 50K miles out of it if you are lucky. If it doesn't work, you are out $100 and your time - not generally a huge deal.
If you can get a motor for $1500 and drop it in yourself (and you probably can get one), that makes sense also. That would be a used motor and questionable, but probably as good or better than another car you could buy for $1500 (again, questionable - there are some decent cars for that price).
If you are talking about paying $3500-$4500 to have a motor installed - personally, I wouldn't do it. There are lots of 20-year newer cars that you can get for that price, that would be more comfortable, more reliable, and safer to drive.
(And there comes a point when it stops being reliable transportation. I sometimes go to car meets and there are lots of guys with 1967 Camaros or Cougars and they would be cool cars to have, but most of them don't drive them everyday. They drive pickup trucks or Corollas, or newer Accords. It's cool if you want to make this a weekend project car to get running again and buy something else for your daily driver, but I don't know if that is financially feasible for you.)