Market value of a Ibanez 540PII - Jemsite
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post #1 of 6 (permalink) Old 06-21-2010, 03:14 PM Thread Starter
 
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Market value of a Ibanez 540PII

I recently got hold of this Ibanez 540PII. It is a red one, with 24 frets, pickguard and two humbuckers. The guitar is in good condition (8 out of 10) and at the moment I restoring it to become as nice as possible. However, it should be stated that the guitar is for the player, not the die hard collector since it has some finish flaws (thin paint cracks) and lacks its original pickups. For what its worth, it also has the back of the headstock signed by Paul Gilbert.

I have understood that this model is quite rare and somewhat aftersought by the market and I am thinking of selling it. Any ideas of its value? Did anyone sell theirs recently?
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post #2 of 6 (permalink) Old 06-22-2010, 12:22 PM
 
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Re: Market value of a Ibanez 540PII

I recently bought one in very rough shape for $120. I since restored it to an 8 because of tarnish on the hardware. I wouldn't let it go for under $500 as it is.
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post #3 of 6 (permalink) Old 06-22-2010, 04:01 PM Thread Starter
 
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Re: Market value of a Ibanez 540PII

Quote:
Originally Posted by ninjasword71 View Post
I recently bought one in very rough shape for $120. I since restored it to an 8 because of tarnish on the hardware. I wouldn't let it go for under $500 as it is.
$120!!! Sounds like the deal of the century if you ask me. You lucky guy.
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post #4 of 6 (permalink) Old 06-22-2010, 05:48 PM
 
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Re: Market value of a Ibanez 540PII

130$.....


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post #5 of 6 (permalink) Old 07-06-2010, 04:25 AM Thread Starter
 
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Re: Market value of a Ibanez 540PII

No info? Are they that rare?
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post #6 of 6 (permalink) Old 07-06-2010, 04:32 AM
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Re: Market value of a Ibanez 540PII

They are pretty rare to be honest and they tend to change hands between real fans of the guitar rather than the more casual sales of things like RG550s, I would suggest that around the $800 to $1000 mark might be a starting point.

Your best bet is to look at the completed auctions on a certain online auction site to see what the market will actually support as an asking price.
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