1969 Gibson L5CES

[Naquat]

Guitars not an investment? That depends on when one purchases a guitar, for how much, the condition of the instrument, market conditions, and demand which changes over time.

About 22 years ago I purchased a 1965 Gibson ES-330 w/none original case in very nice shape. The only defect was a cigarette burn on the headstock. Since the headstock was black it was hard to see unless you were up close. It was a very nice Cherry Sunburst with finish checking but no damage at all to any of the wood, binding etc. It played, sounded, and looked good.

I purchased the guitar for $550 and sold it 4 years ago for $3400. I'd say that worked out pretty well.

I know someone who purchased a Gibson Super 400 in the 70's for < $500. What's that worth now?

A friend of mine told me his cousin got a D'Angelico in the 50's when he was sixteen. His mother paid around $1000 for it. A dozen years ago, or more, he sold it for over $40,000.

It depends on a lot of factors but guitars can be an investment.

Now I'm wondering what the next good investment guitar might be. LOL

[nopedals]

My personal rule of thumb is to never spend four figures on something unless it has no issues and/or is priced way below street. Of course, I violate that all the time, but generally regret it when I do.

This guitar has an issue (narrow nut). It does not matter much that you are OK with it, because ignoring resale issues is foolish with an investment of this amount. If you are getting a huge discount because of the neck, and love the guitar, go ahead an buy it. Otherwise, be patient; a better deal will come up eventually.