I think I am a little late on replying to this, and we talked some about this uke the other day. But to answer your specific question on this one, yes, you got a good deal. I have seen some of these as real basket cases needing new headskin, tuners and pretty much full restro go for $50-$75. Ones in playable, or near playable condition (just needing some cleaning tweaking and strings) I have seen go for between $120-$150 which is the catagory I would put yours in.