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Your Electric Guitar Could Be Worth Thousands: Here’s How to Tell & Where to Sell

Have an old Les Paul, Stratocaster, Gibson Flying V or other electric guitar to sell? We enlisted the help of Chicago Music Exchange’s Daniel Escauriza and the Association of Stringed Music Appraisers’ Brian Wolfe and Leonard Wyeth to find out how much electric guitars are worth and where to sell electric guitars.

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How much are electric guitars worth?

There are several very valuable guitars, but the most valuable production models are the original 1958 to 1960 Gibson Les Paul Standard (Burst), 1958 to 1959 Gibson Flying V and Explorer models, 1959 Gibson ES-335N TD, 1957 Gibson Les Paul Goldtop and the original 1954 Fender Stratocaster.

“These guitars have been documented to sell for anywhere between $50,000 and $650,000,” says Daniel Escauriza, Vintage Manager and Head Vintage Buyer for Chicago Music Exchange.

Leonard Wyeth, who operates AcousticMusic.org and the Association of Stringed Music Appraisers alongside Brian Wolfe, says the 1958 to 1959 Gibson Explorer can be worth as much as $700,000.

“Another favorite is the 1958 to 1960 Les Paul Standard, which can fetch as much as $400,000 depending on the year and the amount of flame in the maple cap,” he says. “The 1958 to 1959 Korina wood Gibson Flying V can run as much as $375,000.”

Guitars owned by celebrities can be even more valuable, especially those owned by famous singer-songwriters and those used for special recordings or concerts, says Wyeth.

“Think of Paul McCartney and John Lennon, Jimi Hendrix, Jimmy Page, Eric Clapton or Jerry Garcia as examples,” he says.

The most expensive guitar ever sold at auction was a Fender Stratocaster signed by multiple music legends, including Mick Jagger, Eric Clapton, Paul McCartney, Jimmy Page, Keith Richards, Bryan Adams and Brian May. The Strat went for $2.7 million at a 2005 charity auction for Reach Out to Asia. In 2002, a 1973 Doug Irwin guitar named “Wolfe” and previously owned by Grateful Dead lead man Jerry Garcia sold for $1.9 million at auction.

Les Paul Standard
1960 Gibson Les Paul Standard (Burst). Source: Chicago Music Exchange

Of course, those are examples of the most valuable electric guitars and not indicative of what an average guitar is worth. Wyeth says there is no average guitar value.

“There are too many factors to consider,” he says. “If you are asking what anyone could find new or used in the typical music store, an import student-grade electric guitar could be found for $200 to $300, as well as many other imports. There are cheaper ones and certainly better and more expensive ones.”

Quality-built mid-level electric guitars are worth anywhere between $500 and $1,500, says Escauriza, and even less if they’re used.

Here are some used electric guitar values as appraised by Reverb.com, a popular music gear website that offers a price guide based on expert research, market data and real-time on-site transactions.

GUITARESTIMATED VALUE
D’Angelico EX-SS 2010s Grey Black$780-$950
D’Angelico EX-SS 2010s Sunburst$760-$1,035
Dean V Standard USA 1982 Red$600-$900
Dean V-X 2000s Black$135-$205
Epiphone Casino Coupe 2010s$305-$395
Epiphone Dot 1999 Cherry$250-$375
Epiphone Zephyr 1958 Sunburst$1,810-$2,825
ESP LTD M-10 2000s Black$100-$140
ESP Traditional EXC MIJ 1993 Turquoise$750-$1,150
Fender American Standard Stratocaster 2015 Mystic Sunburst$700-$1,000
Fender Custom Telecaster 1963 Sunburst$15,000-$20,000
Fender Standard Stratocaster 1992 Black$290-$405
Fender Standard Stratocaster 2015 Black$315-$455
Fender Standard Telecaster 1992 Sunburst$275-$400
Fender Standard Telecaster 2010 Black$300-$420
Fender Stratocaster 1956 Sunburst$20,485-$24,950
Fender Stratocaster 1960 Sunburst$13,540-$20,230
Fender Stratocaster 1975 Sunburst$1,800-$2,400
Fender Telecaster 1976 Natural$1,785-$2,030
G&L S-500 2000s Common Finish$705-$930
G&L Tribute ASAT Deluxe 2010s Figured Top$255-$380
Gibson ES-335 Fat Neck 2006 Ebony$2,200-$2,700
Gibson Explorer 1976 Natural$2,190-$4,415
Gibson Flying V 2007 White$720-$950
Gibson Les Paul 1957 Goldtop$65,000-$85,000
Gibson Les Paul Standard “Burst” 1960$140,000-$240,000
Gibson Les Paul Studio 2011 Satin Blue$530-$700
Gibson Les Paul Studio 2016 Alpine White$820-$1,005
Gibson Les Paul Studio Custom Mid ’80s Sunburst$1,400-$1,900
Gibson SG Standard 1977 Walnut$1,070-$1,690
Gibson Snow Falcon Flying V 2013 White$1,420-$2,280
Gretsch 6120 Nashville 1966 Orange$2,000-$3,000
Gretsch G5120 Electromatic 2010 Black$350-$480
Ibanez GB10 2000s Sunburst$1,375-$1,770
Ibanez RGKP6 2010s Black$230-$345
Ibanez ST50 1980s Sunburst$360-$515
Ibanez Stagestar 1997 Black$100-$200
Jackson Dinky Standard 1990s Red$250-$450
Jackson Randy Rhoads Tribute V 2010 Polka Dots$5,500-$7,000
Paul Reed Smith P22 2010s Flame Top$1,880-$2,855
Paul Reed Smith SE One Natural$255-$415
Peavey EVH Wolfgang 1990s Black$880-$1,415
Peavey EVH Wolfgang 1990s Cherry Sunburst$1,020-$1,445
Rickenbacker 340 1980 Jetglo$2,200-$3,000
Rickenbacker 4001 1961 Fireglo$7,000-$10,000
Schecter A-7 1999 Black$200-$300
Schecter Ultra II 2011 Titanium$300-$450
Squier II Stratocaster 1980s Black$130-$200
Squier Standard Telecaster 1990s Black$240-$395
Squier Standard Telecaster 2012 Antique Burst$140-$225
Squier Venus 1997 Sunburst$350-$570
Squier Venus 1997 Surf Green$520-$750
Squier Vintage Modified Stratocaster Surf 2012 Sea Foam Green$210-$330
Washburn HB35 2010s Cherry$300-$360
Washburn J-600 2013 Vintage Matte Sunburst$380-$485
Yamaha Pacifica 012 2000s Red$100-$135
Yamaha SBG500 1980s Red$255-$590

What makes electric guitars valuable?

Electric guitar values are determined by a combination of factors, including:

  • Originality
  • Condition
  • Manufacturer/Luthier
  • Country of manufacture
  • Age (vintage, used or new)
  • Materials/level of appointments
  • Color
  • Rarity and desirability
  • Provenance

Here’s a closer look at each.

Originality

Many guitarists love to tinker with their guitars. They’ll swap out pickups, change tuning pegs and add new pick guards, for example. However, in most cases guitars that feature their original components are more valuable than those that do not.

Condition

“Many factors come into play, with condition and originality being the key details that determine the high end of a guitar’s value,” says Wyeth. “In the case of vintage guitars, condition that is not represented accurately can create considerable problems for buyers.”

He adds that you can find examples and descriptions of guitars in varying conditions in guide books like The Vintage Guitar Price Guide, which is available in both print and digital editions.

In general, electric guitars are graded according the following scale:

  • Mint: Perfect like-new condition with no imperfections
  • Excellent: All original and free of visual defects
  • Very Good: May have minor cosmetic imperfections that do not affect playability
  • Good: Plays perfectly but may have imperfections such as a cracked binding and dents
  • Fair: Has damage that may slightly affect playability
  • Poor: Damage that renders the guitar difficult to play and requires repair
  • Broken: Advanced damage such as a broken neck that renders the guitar unplayable

Manufacturer/Luthier

Guitars manufactured by Gibson and Fender are among the most valuable. These companies also have secondary brands that produce cheaper guitars that bear the names of their most popular models, often made overseas. For example, a Fender Telecaster is worth more than a Squier Telecaster.

Other manufacturers that produce valuable electric guitars include Paul Reed Smith, G&L, Rickenbacker, Ibanez, ESP, Jackson, Schecter and Epiphone. Note that there is still a wide range of values ascribed to guitars crafted by these makers, and worth is primarily dependent on other factors.

In addition, there are smaller custom guitar makers who craft valuable guitars.

Fender Stratocaster
1960 Fender Stratocaster RW Sunburst. Source: Chicago Music Exchange

Country of manufacture

Where a guitar is made can have a major impact on its value. For example, Fender famously splits production between the U.S. and Mexico, and U.S. models are deemed to be of higher quality and are therefore more valuable.

“A brand new American-made Deluxe Stratocaster is worth significantly more than a brand new Mexican-made one,” says Escauriza.

Age

Vintage guitars tend to be worth more than new guitars, especially if it’s a popular and desirable model.

“A vintage Stratocaster from the 1960s, when they were only made in the USA, is worth significantly more than a new one,” says Escauriza.

Materials/Level of appointments

Higher-quality materials and level of appointments add value to guitars. For example, guitars that feature high-end pickups are more valuable than those with standard pickups. A guitar body crafted from maple can be worth more than one made from mahogany, and fretboards made from ebony wood can be more valuable than the commonly-used rosewood.

In addition, higher-end models get the best materials: two guitars might be made from maple, but the more expensive version is crafted from the more beautiful piece. A premium guitar might have gemstone fretboard inlays versus standard plastic inlays.

Guitar appointments are cosmetic add-ons. Guitars with better appointments are more valuable. Examples include binding, fretboard inlays, pick guards, volume and tone knobs and switch caps.

Gibson ES-335
1960 Gibson ES-335 TDN with Custom Factory Split Parallelogram Inlays and Bigsby Natural. Source: Chicago Music Exchange

Color

Color can impact the value of a guitar, in part because some colors are more desirable than others but also because some guitar finishes are rare.

Rarity and desirability

The most valuable guitars are both rare and desirable – in other words, electric guitar values adhere to the laws of supply and demand.

Good examples include original Les Paul Standards, 1958 to 1959 Gibson Flying V’s and Explorers, 1957 Les Paul Goldtops and 1954 Fender Stratocasters. These are among the most rare and desirable guitars, and therefore some of the most valuable, commanding anywhere between $50,000 and $650,000.

Provenance

How many owners a guitar has had, and who they are, can contribute to guitar value. Guitars that have only been owned by one person and those who have been owned by well-known musicians and celebrities are worth more. As the seller, you bear the burden of proving any claims you make about your guitar’s provenance.

Fender Telecaster
1969 Fender Telecaster Olympic White. Source: Chicago Music Exchange

How to find guitar values

As noted, many factors dictate guitar values, so it’s important to understand what you have so you can accurately determine its value.

“As a buyer, it’s best to know exactly what you are buying and why you are paying $10,000 for a yellow Gibson Les Paul TV model and $6,000 for a red Gibson Les Paul Junior from the same year, the only difference being color,” says Wyeth.

At minimum, you should know your electric guitar’s year, model, manufacturer, country of manufacture, originality and condition. Once you know those, use these resources to find out how much it’s worth.

Professional assessment and appraisal

“Without a doubt, getting the instrument professionally assessed by professionals who can authenticate it and have a good understanding of the ever-changing vintage market is the best way to determine the value of a vintage or used instrument,” says Escauriza. “We offer a service to help people figure out the value of their instrument if they are interested in selling it.”

Wyeth adds that it’s easy to be led astray if you’re not familiar with guitars and have no knowledge of their history and details.

“I would recommend contacting a respected instrument dealer,” he says. “If you have an instrument that you believe to be significant, there are organizations of experts than can help.”

Options include the Association of Stringed Instrument Appraisers and Chicago Music Exchange.

Reverb

The popular music gear marketplace features a free price guide based on expert assessments, external market data and real-time Reverb transactions to estimate the value of guitars in used but original condition.

“There are some great resources that can give someone a pretty clear idea of the value of a certain piece,” says Escauriza. “The most intuitive and easy-to-use online option is the price guide on Reverb. Reverb also has great resources for dating instruments.”

eBay

Search for your electric guitar on eBay and filter by sold listings to see how much similar guitars have recently sold for. Be sure you’re comparing apples-to-apples and compare multiple sales to get an accurate sense of the value of your electric guitar.

The Vintage Guitar Price Guide

Vintage Guitar Magazine partners with 35 top guitar dealers to publish its annual pricing guide, which is available in print and digital editions for $35.

Blue Book of Guitar Values

A pricing reference for both new and vintage guitars. You can buy 7-day subscriptions for individual guitar models for around $3. The print edition featuring all models is available for $28 and one-year access to the searchable online electric guitar edition is $30.

Gibson Les Paul Goldtop
1970s Les Paul Signature Goldtop. Source: Chicago Music Exchange

Where to sell electric guitars

Electric guitar selling options include:

Online guitar shops

Guitar shops are staffed by experts who can quickly tell you what your guitar is worth and generally pay in your choice of cash or store credit. Some shops, like Guitars For Trade, accept trade-ins, which is ideal if you’re looking to upgrade your axe.

Examples include:

Online marketplaces

Online marketplaces let you list your electric guitar for peer-to-peer sales. Listing is free on some sites (Reverb, eBay) and you’re charged a commission when your guitar sells. If you have many guitars to sell, you might consider Gbase, which lets you create a store for a flat $35/month rate with no commissions. The Sweetwater Used Gear Marketplace is completely free with no listing fees or commissions.

Examples include:

Online forums and Facebook groups

Many electric guitar forums include classifieds threads where you can buy, sell and trade your guitar. There are general guitar forums as well as forums dedicated to specific models like Telecasters and Les Pauls. You can also check out Facebook groups. Note that sales are typically unmoderated, so you should secure payment or escrow before you ship a valuable guitar.

Examples include:

Local options

Local options offer benefits like fast cash and no shipping, but a limited pool pool of potential buyers. If you’re meeting a private buyer face-to-face, meet in a well-lit and busy public area and take a friend along for your safety.

Examples include:

  • Local guitar shops
  • Craigslist
  • Facebook Marketplace
  • Apps like OfferUp and LetGo
  • Pawn Shops
  • Flea Markets

Gretsch 6120
1964 Gretsch 6120 Chet Atkins Hollowbody Orange. Source: Chicago Music Exchange

Electric guitar selling tips

Follow these tips for a better selling experience.

1. Know what electric guitar you have

Conduct ample research and consult experts if needed to understand exactly what electric guitar you have and what it’s worth. This will help you get a fair price and temper expectations if your guitar isn’t particularly valuable.

2. Compare multiple selling options

Determine what your goals are and compare multiple options to get the best deal. For example, if you want the highest price and you’re willing to wait, you might get it by selling directly to a collector via a forum or classifieds site that has no fees. Alternatively, online marketplaces could drive the price up as buyers compete for your guitar, but you need to account for fees and shipping costs in your net profit.

If you want a quick and easy sale, a guitar shop (online or off) is probably your best option. They won’t pay top dollar, since they need to resell for a profit, but you’ll probably get a fair price and fast cash.

3. Understand fees and shipping costs

Make sure you completely understand any listing fees, commissions, selling fees and shipping costs – including insurance and packaging – before you commit to selling your electric guitar. Decide who will pay for shipping (you or the buyer) and how that will impact your net profit.

4. Protect yourself

Never ship your guitar without upfront payment or escrow, especially if you’re selling via an online platform that does not moderate sales. Find out what protections online marketplaces offer to sellers before you list. If you’re selling locally, vet buyers via social media before meeting them. Take a friend along for security and always meet in a well-lit, busy public area. Some police stations have set up camera-monitored safe sale areas for this purpose.

Use these tips to make an informed decision so you can enjoy a pleasant experience and get a fair price when you sell your electric guitar.

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