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Unread 10-24-2009, 09:26 PM   #1 (permalink)
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Question Market value for 1972-1973 LP Custom

I've got the bug again and would like to get a concensus on what you guys think an all original '72-'73 LP Custom in black would be worth. Not looking for a mint axe, nor am I looking to get one with a repaired neck break.

Just an all original seasoned with a few dings that I could play.

You feedback is appreciated.

Thanks!
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Unread 10-24-2009, 10:48 PM   #2 (permalink)
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Re: Market value for 1972-1973 LP Custom

There's a '72 on the bay Item #150382179237 going @ $2,500.00 with less than 24 hours left.
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Unread 10-24-2009, 10:49 PM   #3 (permalink)
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Re: Market value for 1972-1973 LP Custom

like 3000?
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Unread 10-24-2009, 11:02 PM   #4 (permalink)
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Re: Market value for 1972-1973 LP Custom

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Originally Posted by Last View Post
There's a '72 on the bay Item #150382179237 going @ $2,500.00 with less than 24 hours left.
Please, and sorry to burst your bubble, but I'm looking to buy. And the one I'm looking at has embossed pickup covers

This shop wants 4k for the '72 and I'm thinking that's high. It also come with an original case.
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Unread 10-24-2009, 11:43 PM   #5 (permalink)
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Re: Market value for 1972-1973 LP Custom

The 2009 Vintage Guitar Magazine Price Guide says $3600-$4200 for a '72, and $2,800-$3,500 for a '73 - excellent condition. Of course, a 1958-60 goes for $100K !!!
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Unread 10-25-2009, 12:55 AM   #6 (permalink)
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Re: Market value for 1972-1973 LP Custom

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The 2009 Vintage Guitar Magazine Price Guide says $3600-$4200 for a '72, and $2,800-$3,500 for a '73 - excellent condition. Of course, a 1958-60 goes for $100K !!!
Those prices are rarely what people actually pay. I'd offer the shop $2,500 if you really like the guitar. If not, I'm sure you could find something just as good or better for less money if you look in the right places and are patient.
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Unread 10-25-2009, 01:02 AM   #7 (permalink)
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Re: Market value for 1972-1973 LP Custom

I think that it is "worth" something in the 3's. $3.5 on average - a clean one maybe $4k or a bit more, a "user" more like $3-3.5.
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Unread 10-25-2009, 08:05 PM   #8 (permalink)
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Re: Market value for 1972-1973 LP Custom

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Those prices are rarely what people actually pay. I'd offer the shop $2,500 if you really like the guitar. If not, I'm sure you could find something just as good or better for less money if you look in the right places and are patient.
In fact, that's what Alan Greenwood says at the intro of the guide...his are fair estimates of value for an instrument in excellent condition and not adjusted for a varying economy. The market is what the market is...
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Unread 10-25-2009, 09:22 PM   #9 (permalink)
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Re: Market value for 1972-1973 LP Custom

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Please, and sorry to burst your bubble, but I'm looking to buy.


Bubble?

The only bubble you broke was me thinking you actually wanted any help to begin with.
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Unread 10-26-2009, 02:31 PM   #10 (permalink)
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Re: Market value for 1972-1973 LP Custom

3-4k
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Unread 10-26-2009, 08:10 PM   #11 (permalink)
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Re: Market value for 1972-1973 LP Custom

Quote:
Originally Posted by Last View Post


Bubble?

The only bubble you broke was me thinking you actually wanted any help to begin with.
I did, and still do want help with this. Forgive me if I'm wrong, but didn't you suggest with your "Hmmmm?" smily that my original question was related to an eBay auction? If so, that just isn't a cool thing to do and takes away from the thread and all those who actually are trying to give me an idea on what fair market value for a pre-74 LP Custom actually is.
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Unread 10-26-2009, 08:16 PM   #12 (permalink)
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Re: Market value for 1972-1973 LP Custom

Back on track here.....

The '72 I'm looking at is this one:






It has some wear, but is 100% original with an original case in 8/10 condition by the shop that has it on consignment. They want $3999 for it which I think is a little too pricy. I really like the look of this thing and have a chance on playing it, but I really don't want to go and see it without $$ in pocket just in case I really dig it. How low could I go for this axe? I'm thinking maybe $3,600 - $3,750.

Thanks for the comments so far.
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Unread 10-26-2009, 08:35 PM   #13 (permalink)
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Re: Market value for 1972-1973 LP Custom

Quote:
Originally Posted by djem View Post
I did, and still do want help with this. Forgive me if I'm wrong, but didn't you suggest with your "Hmmmm?" smily that my original question was related to an eBay auction? If so, that just isn't a cool thing to do and takes away from the thread and all those who actually are trying to give me an idea on what fair market value for a pre-74 LP Custom actually is.
Not @ all. Obviously a misunderstanding on both sides. I was only pointing out a current auction pricing for you. You certainly have my apologies.

Nice looking LP~!

Love them Waffle Backs!
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Unread 10-26-2009, 08:49 PM   #14 (permalink)
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Re: Market value for 1972-1973 LP Custom

for sale at Twelfth Fret,huh.They are pretty decent to deal with.Best bet is to bring the full wack of coin with you, go inspect it and play it.If it is a good one and you really like it then you can at least haggle with them.Money talks.

IMO sometimes you have to pay a little more than you would like,but a good one IS worth a little extra in the long run.

The asking price is not out of whack with it being a '72 with the embossed covers and I see it has the ABR bridge and the waffleback tuners.

BTW... the original case SHOULD be a black with purple lining and probably the Gibson logo in white on top of case.
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Unread 10-26-2009, 09:27 PM   #15 (permalink)
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Re: Market value for 1972-1973 LP Custom

I paid $3000.00 U.S. for my `71 from a forum member here. And mine is realllly relic`d. Diiiiiamn that `72 looks minty.
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Unread 10-30-2009, 07:50 PM   #16 (permalink)
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Re: Market value for 1972-1973 LP Custom

Quote:
Originally Posted by Last View Post
Not @ all. Obviously a misunderstanding on both sides. I was only pointing out a current auction pricing for you. You certainly have my apologies.

Nice looking LP~!

Love them Waffle Backs!
No problem man and no need to apologize. Glad we cleared that up.

dj
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Unread 10-30-2009, 07:53 PM   #17 (permalink)
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UPDATE: Market value for 1972-1973 LP Custom

An update:

I lost out on the guitar I posted pics on. I'm pretty bummed out and have come to the realization that I'd really like to buy one if 'the stars align'.

If anyone has any leads on an axe that is like this one, please drop me a line.

I'm also posting a WTB ad on this forum and a couple of others to try and network to help me in my 1972 LP Custom Quest

Thanks to all for you feedback and help.

dj
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Unread 10-30-2009, 08:52 PM   #18 (permalink)
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Re: Market value for 1972-1973 LP Custom

hey man, I got your email but couldn't reply to it. Keep an eye on Elderly and Rumbleseat too, you never know what pops up there.
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