Value of a Gibson model 1?

whistleman123

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Someone locally has a 1950's vintage Gibson #1 in good condition with original case for sale for $400. Is this a reasonable price. I just don't know the market on these!
 
That sounds like a good buy. You don't have a ton of downside of you later decide to rehome. Having seen and played it in person, eliminates a lot of risk.
 
It looks like a good deal.

There's a Vintage Guitar Priceguide out there, which gives yearly ballpark figures for ukuleles as well, given a pristine state, a nice showroom and a fine day. You can also do an advanced search on ebay for 'sold' offers, and that shows how a similar model, but a bit older, was sold recently for twice that price.
 
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