1962 Strat Pricing

Hi to all:

A friend of mine has been offered a 1962 Strat by the family of his deceased friend. He doesn't know what to offer for this instrument but wants to be fair with them. So, regardless of the astronomical prices asked by the vintage instrument dealers, what do you think is a fair price for him to offer?

Thanks,

Doug.

Condition, color, originality, orig. case, etc.....

If all original, sunburst color, 5,000 to 7,500 dollars. If original custom color, 6,000 to 9,000 dollars. Original means everything, paint, pickups, pots, etc...

If refinished with all original parts, 2,500 to 3,500, dollars. If refinished, and changed parts, 1,500.00 to 2,500.00. This is just a very amatuer guess. And these are what I think are full retail estimates. I doubt your friend wants to offer these kinds of prices. so probably half of the numbers given above.

A guitar shop will not give you a third of the prices listed above to purchase it from you.

Thanks for the replies guys.

The Strat is all original, including the case and is finished in black. I'd say its 8/10 in condition.

Doug.

Having it priced by a third party isn't a bad idea (just so they know you're being completely honest) then come back with an offer after that. I would think those are good ballpark figures from what I've read. I would say that real friends are harder to come by than '62 strats.
---Jeff