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Tips on Collecting Hall of Fame Vintage Guitars

Ever thought that a guitar might be a more lucrative investment than the stock market? Vintage guitars are becoming a hot item in the collectibles market, and there are few icons more recognizable to Americans than a rock star and his guitar. While a few months' savings might have bought a guitar in the 1960s, some of those instruments are selling for big bucks today. Recently, George Harrison's guitar sold for a little under six hundred thousand dollars, for instance. Eric Clapton's favorite Stratocaster from the 1970s, Blackie, sold for nearly a million.

While celebrity collectibles have been a good investment for years, guitars themselves have largely been overlooked. However, the guitar was perfected between the 1930s and the 1960s, depending on the model, and instruments from this period are highly regarded. Some people think that in fifty to a hundred years, guitars from the mid 20th century will be thought of in the same way as violins and cellos from the 17th and 18th century.

The appeal of any guitar grows over time, and there hasn't yet been a period when the market sank. That makes a vintage guitar a great investment choice, as well as a visually and emotionally rewarding collectible.  There's nothing like being able to say that you own the guitar once played by a legend.

Values only continue to go up, too. While a 1959 Fender Sunburst Stratocaster, one of the most famous types of guitar, originally cost about $250, it brought between eight and nine thousand dollars in 1997. Today, you might have to pay seventeen thousand for a model with a slab fingerboard.

Recent stock market unpredictability has meant that people are more interested in guitar collecting. These vintage instruments are a great type of protected investment. For collectors who want to cover all the bases, consider a varied collection - acoustic, electric, exotic, antique, vintage, contemporary and even custom guitars.

Over the past couple of years the vintage guitar market has taken a hit here and there but overall has proven to be a sound investment for most. The experts say that when inflation accelerates and the dollar shrinks collectibles prove to be a good place for your money.

There is a very limited supply and there still seems to be a high demand for these pieces of history which has proven to be a good choice for those who have invested in these instruments, such as the Gibson Les Pauls' and Fender Telecasters and Stratocaster's from the same era. (50's, 60, and 70's).

A good place to start collecting vintage guitars as an investment would be to focus your research on obtaining guitars from the list below.  This list includes that have been inducted into Vintage Guitar Magazine's Hall of Fame. There are, of course, other lists and other guitars worth investing in, but this is certainly a great place to begin.

Over the past couple of years the vintage guitar market has taken a hit here and there but overall has proven to be a sound investment for most. The experts say that when inflation accelerates and the dollar shrinks collectibles prove to be a good place for your money.

You might be asking yourself whether a guitar can really be a good investment. After all, to the untrained eye, most guitars are the same. However, the right guitar can be worth a lot to a collector. Guitars that have been owned by celebrities, or which are rare or unusual, can command very high prices indeed. If you're worried about getting a return on your money, don't be. Vintage guitars have consistently performed with more stability than the stock market. There are a number of reasons that collecting vintage guitars is an excellent strategy.

For one, they're more tangible than a stock or bond. They give you an attractive piece to display, and are fun to collect, too. Guitars also don't lose value over time. In fact, it's just the opposite - vintage guitars consistently gain value as they get older, as long as you take the time to keep them in good condition. They're also usually superior instruments. If you're a musician as well as an investor, you'll appreciate the superior action and tone of a real vintage instrument. The most popular vintage guitar with collectors is probably the Gibson Les Paul.

Here is a small example: Let's say in 1959 you had $100.00 if you were to bury the $100.00 in a coffee can in your back yard or put it in your bank account and let it sit there drawing a couple percent interest inflation would slowly take this $100.00 and if you were to pull it out 50 years later you would find that $100.00 would barely get you a nice dinner for two. However if you would have taken that same $100.00 and gone to your local pawn shop in 1959 and picked up a 1959 Gibson Les Paul guitar and placed it in the closet instead then you could pull it out of your closet today and it could be worth well over six figures.

People are starting to realize how much these instruments from the 50's 60's, and 70's really meant to our culture.

There is a very limited supply and there still seems to be a high demand for these pieces of history which has proved to be a good choice for those who have invested in these instruments, such as the Gibson Les Pauls' and Fender Telecasters and Stratocaster's from the same era. (50's, 60, and 70's).

A good place to start collecting vintage guitars as an investment would be to focus your research on obtaining guitars from the list below.  This list includes that have been inducted into Vintage Guitar Magazine's Hall of Fame. There are, of course, other lists and other guitars worth investing in, but this is certainly a great place to begin. Two great sites to begin your search for these exquisite instrument are Bob's Vintage Guitars at http://www.bestguitaronline.com and the Best Guitar Shop at http://www.best-guitar-shop.

In the coming weeks, I will be featuring each of the exquisite instruments in detail. This information will prove useful in your search for vintage guitars that will provide a good return on your investment.

     
Gibson SG Standard
Inducted in 2009
By 1960, declining sales of the Les Paul model had Gibson looking to revamp the guitar. So the company gave it a radically redesigned, much thinner (and lighter!) body intended to better compete with Fender's Strat. But the things that made up its very heart and soul - {especially|particularly|in particular} its humbucking pickups - remained. Today, the early-'60s version is a true classic. 

 
Gibson Les Paul Model (Goldtop)
Inducted in 2008
Les Paul tried for years to convince Gibson it needed a solidbody in its line. Finally, Ted McCarty brought a single-cut {experiment|experimentation} guitar to Les for his approval. Though its origianl bridge/tailpiece was far from perfect, the instrument served as Gibson's test bed through the '50s. Eventually, it reached the pinnacle among guitars and today sits among the top collectibles.
 

Gibson J-45
Inducted in 2007
Martin's "dreadnought" flat-tops were big and dominated the guitar market of the 1930s. By the early '40s, Gibson knew it needed a big flat-top to compete, and he J-45 ("J" for Jumbo, "45" indicating its price in dollars) was it. A 16" round-shoulded flat-top, even in the tough times of its launch, it received a very warm welcome and has ever since remained one of - if not the - most popular Gibson guitars.

Fender Jaguar
Inducted in 2006
Jumping on the speeding Fender bandwagon in 1962, it helped the company stay on top throughout the decade, with its fancy new vibrato tailpiece, sophisticated electronics, and (usually) a funky custom color. If you played instrumental rock at the time, you either had one of these or you were probably ignored!
 

Gibson ES-5
Inducted in 2006
One of the first guitars built after Ted McCarty took charge of Gibson, it helped solidify the company's position as the world's preeminent electric archtop maker. Today, its late-'50s variant with three PAF humbuckers and Switchmaster tone control is one of the most collectible of its ilk.

          
National Tri-Cone series
Inducted in 2005
Its warm, sustaining tone emanates from three aluminum "resonators" designed to help guitarists stand out in big-band or orchestra settings. But, soon after being introduced, Nationals were adopted by Hawiian and blues players. Today, the Tri-Cone produces what many consider the ultimate acoustic blues tone.
 
  
PRS Custom
Inducted in 2004
The first production instrument from a company that has become the guitar's preeminent modern success story.

Gretsch White Falcon
Inducted in 2004
Like many great guitars, it has evolved through several versions. But it has been a classic since day one, for both it sound and utterly unique aesthetic.
 
  
The 1954-'56 Gibson Les Paul Custom
Inducted in 2003
Can you say "Black Beauty?" Though Gibson didn't give it the name, Les Paul himself chose black as the secondary color for the guitar bearing his moniker. Gibson did, however, use it to experiment with a three-pickup configuration and to introduce its {famed|celebrated|famous|renowned} Alnico-magnet pickup.
    
      
Fender Jazzmaster
Inducted in 2002
Designed and marketed by Leo to cut into Gibson's jazz market, it supplanted the Strat at the top of Fender's line in 1958. And though its sound kept it from catching on with jazzers, garage surf bands of the day ate it up. It is one of the most copied solidbody designs of all time.

    
Gibson SJ-200
Inducted in 2002
A landmark amongst acoustic flattops, the SJ-200 was designed for cowboy guitarist Ray Whitley, and any cowboy worth his salt played one. Its popularity carried over to other genres, and never faded. From its jumbo-sized, sunburst-finished body to its ultra-fancy pickguard, bridge, and headstock, it was considered the consummate flat-top. Just ask Emmylou!

Gibson ES-150
Inducted in 1999
Gibson's first electric Spanish guitar was also the first good-quality electric to hit the market. Favored by Charlie Christian, it housed Gibson's first pickup, which is still in high demand and considered a classic.

 

Martin D-45
Inducted in 1998
Originally the fanciest of Martin's {innovative|forward-looking} dreadnought line. If you had one of the 96 made in the 1930s and early '40s, your net worth would be considerably higher than it is now.
 

Rickenbacker 360/12
Inducted in 1997
It was good enough for George Harrison and gave us the "jingle jangle" of Roger McGuinn. That's more than enough for the 360/12 to be the only 12-string in the VG HoF.
      
          
Gibson Flying V
Inducted in 1996
One of the most distinct guitar designs ever created, but it wasn't a hit when it came out in 1958. Rock and rollers {discovered|observed} it the late '60s and the V still makes a unique statement today.

Gretsch 6120
Inducted in 1996
If you play rockabilly, you better have one of these! Introduced as the Chet Atkins Hollowbody in '54, the 6120 soon shed the "G" brand and western inlays of the early versions, but never lost the Western Orange finish or the cool twang.

 
Fender Jazz Bass
Inducted in 1995
With its two specially designed pickups, offset waist, and slimmer, narrower neck, the Jazz Bass was intended to be the more tonally {diverse|versatile}, slicker-playing descendant of the Precision. The fact it was available in Fender custom colors (often with matching headstock) makes it all the more cool.
      
    
Gibson L-5
Inducted in 1994
Introduced in 1922 and with a design guided by the legendary Lloyd Loar, the L-5 was the first modern archtop guitar. Initially a non-cutaway acoustic, the L-5 went through many changes, ultimately becoming a single-cutaway with two humbuckers.
 
   
D'Angelico New Yorker
Inducted in 1993
George Gruhn said of it in the March 2000 issue of Vintage Guitar, "The New Yorker is significant due to its superb quality and aesthetic artistic appeal," and is "one of the finest guitars in the history of the instrument."
 

Gibson Super 400
Inducted in 1993
Introduced in 1934, with its 18" body and deluxe features, the Super 400 was the largest and most expensive guitar in the Gibson line. Its influence was soon apparent in the designs of many of the great archtops built by others. Whether the earlier non-cutaway acoustic version or the later double-pickup cutaway, it remains a true work of art.
 
 
Fender Precision Bass
Inducted in 1992
The first bass in the VG Hall, and why not, it only forever revolutionized how the bass was played. One of the most innovative ideas in modern music history.
 

Gibson ES-335
Inducted in 1992
Born during Gibson's "golden era," the semi-hollow body ES-335 wedded archtop looks with solidbody performance. Whether it has dot inlays or blocks, it remains one of the coolest designs in guitardom.

Martin D-28
 Inducted in 1991
The first acoustic in the VG Hall, the D-28 launched Martin's line of incredible big and loud dreadnoughts in 1931. The D-28 has inspired many guitarists and builders, and remains one of Martin's most popular models.
 
   
Fender Telecaster
Inducted in 1991
Leo Fender's timeless classic is about as simple as an electric guitar can be, but still has the magic to appeal to guitarists playing just about any style of music. Every guitar player has a Telecaster (or should). Along with the Strat and Les Paul, the Tele is among the most popular designs around.
 
    
Fender Stratocaster
Inducted in 1990
The VG Hall of Fame was started in 1990 and we had little doubt the Strat would be among the first instruments selected for inclusion by our readers. Three single-coils, a vibrato (usually), and that great contoured, offset-double-cutaway body. Some 50 years after its introduction, it is still one of the most popular designs.

  
Gibson Les Paul Standard ('Burst)
 Inducted in 1990
Also an easy first-year selection, LP Standard was introduced with a sunburst finish in 1958, and the '58 to'60 models are the most valuable vintage solidbody guitars. The Les Paul Standard is a classic no matter what finish it bears.

About the Author

The writer operates several onliine guitar stores. Bob's Vintage Guitars, at http://www.bestguitaronline.com, featuringing the whole range of vintage guitars, Fender Vintage Guitars, at www.vintageguitarbargains.com, and Gibson Vintage Guitars, at www.vintageguitarclassics.com. He also has a store featuring new guitars, Best Guitar Shop at http://www.best-guitar-shop.com. All of these sites have reviews and a great deal of information about guitars.

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