So the original owner of my S540 contacted me...
This is a strange story and I need a little advice. Wondering if this is possibly a scam and I'll follow through by asking him a few questions that only he would know if he knew the guitar.
Anyway...I bought the S540, the green one (pic below) off of a pawn shop via Ebay. I had asked the history of the guitar and how he came across it and he replied that someone had brought it in to pawn and then disappeared and hadn't made any payments in some time. So it was up for sale. The buy it now was what I consider to be fair market on a guitar in this condition. The starting price was low and I ended up with a good deal. The guitar needed serious cleaning and sticker removal and from the photos I knew I had a jewel or a dud, nothing in between. So I gambled.
Well, it's a jewel. I cleaned her up, polished the frets, took everything off and went over the guitar and all it's components head to toe. Redid the trem, added a brass big block, noiseless springs, brass screws and took care of one stripped hole for the trem screw. I added CTS pots and a stock F2 pickup, put on better knobs (less wear than the originals) and had it set up by a pro who did additional fret work and shimmed the low e string. So I've put a bunch of time and money into this guitar. I like it. Green's not my favorite but I was really looking for an early AANJ in good shape. I have other years, (just got an 88 today!) so it wouldn't be a huge loss.
I'm very much inclined to sell it back to him if he's legitimate.
But the question for me is, do I sell it back for what I paid plus my expenses? Or do I include a good estimate of the time and effort I put into it? He offered to buy me a new guitar which I absolutely won't do as it just seems wrong. I'm not here to take advantage of anyone but at the same time, there's opportunity and time loss.
Has anyone come across something like this where it turned out to be a scam?
What do you guys think? Wasn't sure where to put this...