How much is this RG550 worth? - Jemsite
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post #1 of 15 (permalink) Old 07-23-2013, 12:01 PM Thread Starter
 
Join Date: Jul 2013
Location: New York
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How much is this RG550 worth?

Hi all,

New to this site as I just got gifted a black 1992 Ibanez RG550 (number 5667 off the line), and was trying to find out what it was all about, so I naturally came across these boards. Tons of helpful posts here as this is my first Ibanez guitar, but I'm hoping the community can help assess how much this guitar is actually worth.

The body has some minor blemishes on it - can't really see it in the pics but there is a scratch and a small chip at the bottom of the body. Other than that it seems to be in good shape - it was sitting unused for the last 6 years in a closet.

The pics were taken before I wiped it down, dusted it, and restrung it last night with Super Slinky 9 gauge strings. Plays AMAZING compared to the Squire I've been using for the last year (gimme a break, I'm cashless).

So can anyone estimate a rough value? Not planning on selling it because it sounds so good but would be nice to know the scale of this generous gift.

Also, any general thoughts on this model? Seems to be well-respected, but not sure if it's considered ancient as a '92 model.

One last question: is there a way to easily move to different tunings with this? Seems like when I try to go from something simple like standard to drop D all the other strings get out of tune (I assume this is due to the resistance from the Edge Lo Pro tremolo). On my Squire the tremolo was fixed so moving to different tunings wasn't an issue... any tips? This page seems to touch on this issue but not sure if it's a permanent fix:

ibanezrules.com/tech/setup/stretch.htm

Thanks!
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post #2 of 15 (permalink) Old 07-23-2013, 12:14 PM
 
Join Date: Jun 2010
Location: Colorado
Posts: 267
Re: How much is this RG550 worth?

Hey there. Nice gift! I am no expert by any means, but it's worth at least $300 if everything is sound and it appears that way. Someone told me recently that the pickups and trem alone are worth nearly $175... people are selling those Lo Pro's online for $150+.

I just bought one of those (Purple Neon), a '93, for $150 but it was not in as good condition as yours, and I think $150 is a real exception to the rule. Hope that helped a little...

By the way, not that it means much now, but that guitar listed for $850 or $900 new.
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post #3 of 15 (permalink) Old 07-23-2013, 01:19 PM
 
Join Date: May 2010
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Re: How much is this RG550 worth?

Yes the RG550 is definitely well respected, value depends a lot on more specific details of the condition, but something like $400-$500, more in awesome condition (and/or with original case), less if the condition isn't so great. But as with anything it's only worth what you can get someone to pay for it
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post #4 of 15 (permalink) Old 07-23-2013, 02:09 PM
 
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Location: Vancouver, Canada
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Re: How much is this RG550 worth?

I bought a 1990 RG550 in black (looks a lot like the one you have there) off Craigslist a year or two ago and I paid $450 without a hardshell case. The one I bought had no cracks but it did have some fretwear like yours. The 550 has become my main player - and I have nice guitars (USA Strat, Jem, 2 newer prestige RG's,). If that was a gift then I'd say you scored because those late 80's early 90's RG 550 guitars a great guitars! congrats man!!!
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post #5 of 15 (permalink) Old 07-24-2013, 07:01 PM Thread Starter
 
Join Date: Jul 2013
Location: New York
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Re: How much is this RG550 worth?

Thanks guys! This is all helpful. Been toying with it for a few days now and I'm blown away. Can't tell you how much fun this is to play... I had a feeling I lucked out but you guys definitely confirmed this for me.

Now the only challenge is changing tuning easily, which there doesn't seem to be a way to do. My backup plan is to just set my Squire up in drop C/drop D and play that when I need to, but it seems like a crying shame to have to go back to coach after flying first class...
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post #6 of 15 (permalink) Old 07-24-2013, 08:30 PM Thread Starter
 
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Re: How much is this RG550 worth?

Quick update: I've decided to go with a Tremol-No (tremol-no.com) lock bracket to help enable on-the-fly tuning to drop D and C. This seems to be the easiest solution to the tuning issue...
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post #7 of 15 (permalink) Old 07-24-2013, 10:37 PM
 
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Re: How much is this RG550 worth?

FWIW,

You can set the guitar up in standard tuning while having the fine tuner screwed in almost all the way. When you want dropped D, the fine tuner has enough range to do it. You won't be in perfect dropped D though, you'll be a few cents high. Just have your bass player tune up to you then.

You got one HELL of a nice gift there. I think the guys are being fairly conservative with their estimates. With better pics I bet people would be putting it in the $500-600 range...... I would too.
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post #8 of 15 (permalink) Old 07-25-2013, 01:34 AM
 
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Re: How much is this RG550 worth?

Ohh! Congrats on your new '92 550. As far as the drop D tuning issue, I think I'd just unloosen or completely remove the locking nut on the 2 low strings.
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post #9 of 15 (permalink) Old 07-25-2013, 09:29 AM
 
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Re: How much is this RG550 worth?

Quote:
Originally Posted by OohMamma View Post
Quick update: I've decided to go with a Tremol-No (tremol-no.com) lock bracket to help enable on-the-fly tuning to drop D and C. This seems to be the easiest solution to the tuning issue...
I have a tremol-no installed in my 550 too...cool little devices!
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post #10 of 15 (permalink) Old 07-28-2013, 12:21 AM
 
Join Date: May 2008
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Re: How much is this RG550 worth?

Ask and yea shall receive...

A total of 910 RG550s sold on eBay since June 2008. All years and colors. All types of conditions; case queens, players, road warriors, chipped, dinged, etc.

265 of 910 RG550s have been black.
Only 9 black RG550s were 1992 model years
Hi price 1992 black $799
Low price 1992 black $299
ave price 1992 black $433
median price 1992 black $400
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post #11 of 15 (permalink) Old 07-28-2013, 12:51 AM
 
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Re: How much is this RG550 worth?

Quote:
Originally Posted by 76Stratman View Post
Ask and yea shall receive...

A total of 910 RG550s sold on eBay since June 2008. All years and colors. All types of conditions; case queens, players, road warriors, chipped, dinged, etc.

265 of 910 RG550s have been black.
Only 9 black RG550s were 1992 model years
Hi price 1992 black $799
Low price 1992 black $299
ave price 1992 black $433
median price 1992 black $400
Thats pretty dang thorough, have you been keeping those stats or is there something some site that tracks that?
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post #12 of 15 (permalink) Old 07-28-2013, 03:37 AM
 
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Re: How much is this RG550 worth?

Hes probably paying for an ebay app

I would say 300-500 is accurate
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post #13 of 15 (permalink) Old 07-28-2013, 09:11 AM
 
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Re: How much is this RG550 worth?

Quote:
Originally Posted by Fastmerc View Post
Thats pretty dang thorough, have you been keeping those stats or is there something some site that tracks that?
I do it the old fashion way by tracking prices every day and sticking the data into Excel. So when I want to buy a JEM, RG550, Soloist, etc. I know exactly what to pay.
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post #14 of 15 (permalink) Old 07-28-2013, 09:22 AM
 
Join Date: Sep 2001
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Re: How much is this RG550 worth?

Quote:
Originally Posted by 76Stratman View Post
I do it the old fashion way by tracking prices every day and sticking the data into Excel. So when I want to buy a JEM, RG550, Soloist, etc. I know exactly what to pay.
Cudos...very ambitious.
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post #15 of 15 (permalink) Old 07-28-2013, 12:16 PM
 
Join Date: Dec 2012
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Re: How much is this RG550 worth?

Why not just use one of the ebay apps?

I dont think ebay is an accurate price gauge anymore. If you compare thigs that sold on ebay to things that sold on forums, the difference in price can be very big and i think its due to the ridiculous 10% fee
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