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Old 10-24-2009, 09:26 PM   #1
djem
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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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Old 10-24-2009, 10:48 PM   #2
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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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Old 10-24-2009, 10:49 PM   #3
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Re: Market value for 1972-1973 LP Custom

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

Quote:
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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Old 10-24-2009, 11:43 PM   #5
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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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Old 10-25-2009, 12:55 AM   #6
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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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Old 10-25-2009, 01:02 AM   #7
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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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Old 10-25-2009, 08:05 PM   #8
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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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Old 10-25-2009, 09:22 PM   #9
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Re: Market value for 1972-1973 LP Custom

Quote:
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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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Old 10-26-2009, 02:31 PM   #10
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Re: Market value for 1972-1973 LP Custom

3-4k
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Old 10-26-2009, 08:10 PM   #11
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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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Old 10-26-2009, 08:16 PM   #12
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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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Old 10-26-2009, 08:35 PM   #13
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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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Old 10-26-2009, 08:49 PM   #14
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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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Old 10-26-2009, 09:27 PM   #15
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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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Old 10-30-2009, 07:50 PM   #16
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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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Old 10-30-2009, 07:53 PM   #17
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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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Old 10-30-2009, 08:52 PM   #18
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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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Old 12-01-2016, 10:33 AM   #19
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Re: Market value for 1972-1973 LP Custom

BTW... the original case SHOULD be a black with purple lining and probably the Gibson logo in white on top of case.[/QUOTE]

The case color could vary. My OHC has red felt'ish material, but have seen purple in 1972 cases as well. They probably used whatever was available on the manufacturing line. Good luck with your search.
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Old 12-01-2016, 12:48 PM   #20
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Re: Market value for 1972-1973 LP Custom

Dude the thread is from 2009 if his search hasn't ended by now he quit looking.
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Old 12-01-2016, 02:59 PM   #21
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Re: Market value for 1972-1973 LP Custom

or he's dead?
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Old 12-01-2016, 05:59 PM   #22
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Re: Market value for 1972-1973 LP Custom

I bought a used early '70s Les Paul Custom Sunburst for $325.00.. But that was back around 1980.. Those days are Long Gone...!
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Old 12-01-2016, 10:14 PM   #23
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Re: Market value for 1972-1973 LP Custom

As mentiond by Last, Ebay's comparable items that sold or on the auction block should give you a fair market value of what people will pay. Perhaps, even use this to compare and negotiate a fair price on the actual guitar that you want.

Like everything else in life, it depend on how much the seller wants to sell and how much the buyer is willing to pay.
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Old 12-02-2016, 05:08 AM   #24
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Re: Market value for 1972-1973 LP Custom

Old thread but interesting to see the price differences from back then. - yes, that does seem like a long time ago.
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Old 12-02-2016, 06:19 AM   #25
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Re: Market value for 1972-1973 LP Custom

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Old thread but interesting to see the price differences from back then. - yes, that does seem like a long time ago.
You want to scare yourself on prices check out some of the old Guitar Player mags from the early 70's back when if you had a grand in your pocket you were a king. I bought/ordered a new LPC back in early 73 when they had just started making the burst in addition to black I put the thing on the old "sleezy" pay plan and the whole bill was like $500 w/case, It felt like the weigh of the freaking world in debt back then buying now it's like a damn home loan compared to those days.
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Old 12-02-2016, 01:03 PM   #26
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Re: Market value for 1972-1973 LP Custom

$500 was $2,700 in 1973 with inflation! Sheesh!

I Saw a Fender Factory walk through video on youtube (from 1959) showing the making of and stacks of hand made guitar necks, bodies and parts, and of course, the finished product. I just couldn't help think how cool it would be to have todays money buying THOSE guitars at their-then prices!
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Old 12-02-2016, 01:12 PM   #27
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Re: Market value for 1972-1973 LP Custom

I bought a new ('71) Les Paul Standard '58 in 1972 for $350. That was a lot of money back then. You could get a new car for a coupla thousand.

My parents bought their 3 bedroom house for 13k in the fifties. Was worth 20 times that by 2010.
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Old 12-02-2016, 06:08 PM   #28
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Re: Market value for 1972-1973 LP Custom

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I bought a new ('71) Les Paul Standard '58 in 1972 for $350. That was a lot of money back then. You could get a new car for a coupla thousand.

My parents bought their 3 bedroom house for 13k in the fifties. Was worth 20 times that by 2010.


I bought an original 54 gold top in 74 it was it was player not a pristine closet queen but really good condition for $500.00 and a month later I bought a near new Strat from a kid going to college who was short on tuition for $175.00 his price obviously no dickering was required. The gold top when I sold it a few years back paid for my son's last year and half of college so it worked out well I really feel for some of these kids just starting out now trying to get good gear and not being able to hack it money wise possibly one of the few things that doesn't suck about getting old is having seen the bands and getting the gear bought right.
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Old 12-02-2016, 07:45 PM   #29
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Re: Market value for 1972-1973 LP Custom

No way!

I don't feel sorry for the the little bastids in the least.

Waay more options than we had. Quality dropped pretty steeply with the price back then. I think I had paid around $100 new for my first guitar and amp a couple of years earlier. A Teisco Tulip and Checkmate 88. What a piece-o-crap by comparison.

They've got many years of used equipment to choose from since then. '80s MIJ, 90s Korean, even decent Indonesian or Chinese if you look hard enough. Plus even new you have many reasonable price options in foreign instruments.

They got it made I tellz ya. What was minimum wage back then? Like under 2 bucks an hour? I remember working in a slaughterhouse briefly in the early '70s for 5 fifty an hour and thought it was great pay.
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Old 12-02-2016, 10:46 PM   #30
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Re: Market value for 1972-1973 LP Custom

Here's that video of 1959. I know it's fender, but very cool how they actually made guitars back then. Safety didn't seem like much of a concern! NOBODY Wore safety glasses!

I'll take 20 guitars (today's money - 59 prices)! I'll take some amps too!

https://youtu.be/nswcAPvH0P8
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