Re: Resale Value of Northfield
New cost was certainly over $3k, because the F5S was close to $2800 when it came out. I remember talking to Peter about an A5 Master Model in 2013, and it was over $3k (I believe they were asking $3400 or thereabouts). I paid about $2800 for my F5s around that same time period. So, $3,000 would be a little low for an early MM, especially if it was the big-body model.
If you want to sell it, I suggest you determine a realistic value, assess the market, and then list it. If you put a realistic price on it you won't spend weeks pulling your hair out with tire kickers and the endless questions about its condition as people try and nickel and dime you to death using the wear marks as their bargaining point.
Your mandolin has some nice wood (from what I can see from your pics), and while it is not upgraded in terms of a James tailpiece (these were an option), etc. there is always a market for used Northfields and Collings mandolins. They have a strong new market, which leads to a fairly stable used market for their instruments (price as well as demand-wise).
And yes, I do instrument valuations (along with other collectibles) as part of my profession.
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