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How to Determine if Your Old Guitar Has Value

Posted on October 23rd, 2020 by Joe G

Guitars can be a great addition to your life if you play often, but selling your guitar in Chicago is another great option if you’d rather have the cash instead. You may be curious whether your guitar is worth something after all of these years. Consider the following factors that can determine how much your guitar is worth:


Make and Model

Certain guitar brands such as Gibson, Fender, Gretsch, Martin are known for highly sought after guitars. If you have one or a family member has one, the chances are that your guitar is worth something. Vintage and old guitars are worth a considerable amount (especially from the 1950’s & 1960’s), as collectors are trying to find the perfect missing piece to their collection.


Of course, the condition of your guitar will play a large factor in how much it is worth. Mint condition guitars will be worth more than guitars that are , missing original parts, paint finish and electronics. Guitars left in an attic or basement are still valuable but may have incurred damage like warping, cracks, separating joints etc.


Guitars can look good, but more importantly they should produce a great tone. The sound of a guitar will vary and certain guitars have their own tonal qualities. Gibson Les Pauls have a thick and deep tone, Fender Telecasters are bright, Rickenbackers can have chimey type tone . A bowed neck will also impact the tone that the guitar produces due to the frets buzzing and other playability issues.
It can be difficult to determine the value of your guitar on your own. If you’re trying to sell a guitar in Chicago, we recommend visiting us at Chicago Gold Gallery.

Our skilled team of guitar buyer/collectors have decades of experience providing appraisals for guitars, gold jewelry, diamonds, coins, and more! Call now or visit us to get a better idea of what your guitar is worth.

If your guitar has the original manuals, receipts and anything that came with the original sale it can increase the value of what we will pay for it.

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