Antique Banjo Value. Gordon 4 string tenor banjo

2 ANSWERS

1. paafamily
   

   Banjos are musical instruments made originally by enslaved Africans in the United States.
   Since vintage instruments increase in value the longer you own them, the initial price is actually not as important as you think in most cases.  I bought a Martin D-28 in 1967 for $250 and it is now worth more than $3000.  Looking back, I think you can see that it really doesn’t matter very much whether I paid $250 or $350 for the guitar initially (although I must admit that I didn’t have $350 in 1967).  Nevertheless, you don’t want to pay an unnecessarily high price, so you will need to find out the typical market value of any instrument you are thinking of buying.  You can best do this by finding various on-line vintage instrument retailers and perusing their listings.  Try the dealers I list below as a starting point, and with a good search engine you can find many more.  Ebay can also be a source of valuations, but be careful to note the condition of the instrument offered for sale (more on this below) and review the final closing prices of many similar instruments before your draw any firm conclusions.  If the instrument you are interested in is unmarked (no identifiable manufacturer), you should be careful not to spend too much before you gain an appreciation for the overall marketplace.  After a while, you begin to classify unmarked instruments into certain groups by age and quality and you can value them accordingly.  My rule of thumb when purchasing any instrument, once I have decided that I would like to acquire it, is to ask myself whether I think I could turn around and sell the instrument myself within 2-3 years for the same price.  If so, I go ahead and buy it.

   Report (0) (0)  |   12 years, 8 month(s) ago  

2. Guest2607
   

   I have a Tune Time Banjo that was my dads. It has to be at least 60-70 years old . Does anyone know the value of a banjo like this ?The condition appears good .I could send pic .
   Thanks

   Report (0) (0)  |   12 years, 8 month(s) ago