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What would you pay for a peavey t40 in 2024

I wouldn’t pay a dime over $650, and I’d have to want one real bad. As others have said, they’re not rare, they’re not particularly attractive, and they’re heavy. The tone circuit was unusual at the time but easily replicated today. If I wanted a Rick sound I’d get a Rick.

There’s a local music store near me that has a Foundation listed for $500. Last year I almost bought one on FB for $100. That would have been a steal, but it was played hard and put up wet. They’re great sounding basses, but mass produced, nothing special. I passed.
 
That thing looks pretty weathered. Corrosion under the chrome on the bridge (mine has the same problem). The peeling plastic on the pickups. I can forgive the finish wear on the body. The pic doesn't show what the nut/headstock looks like. This thing is a complete beater, rode hard and put up wet. I would not consider it worth much, even to part out, except maybe for the knobs and pickup rings, which are worth a little money. I personally wouldn't pay over about $350 for it, but would probably just take a pass on it.
 
Its one of the most underrated bass ever. You can get decent sounds out of it. The build quality is equal or even better to Fender from that period. And yes, they're pretty heavy. But I have both a T40 and a Fender Precision from 1978 and they are more or less equal in weight. Funny, that people are complaining the weight that much on the T40 but not so much on Fender.
I would pay up to 800 for it, maybe even a bit more IMHO.
 
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Why?
  • They were built to be a budget bass

So are a lot of other great playing and sounding basses.

  • They're impossible to find parts for

Depends on the part. There’s one pot that’s not particularly easy to find although it is available.

Exact cosmetic replacements for the toggle switches is a problem because nobody is currently manufacturing an exact match for that particular bat handle. But functional replacements are easy to find. Everything else in the circuit other than the pickups, is a COTS part.

  • They're heavy

Most can be. But not all of them.

  • There's nothing special about how they play or sound

Matter of opinion. Many would disagree.

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IMO, the single biggest hassle that comes with owning a T-40 is locating a truss rod wrench for it. You need a very thin walled deep socket wrench, which is something that can be very difficult to get your hands on. And the wrench that originally shipped with the T-40 is no longer available. And used ones go for premium prices on those rare occasions when you do find someone selling one.
 
Yes, what @KenSmithFan says. The prices on the higher end are typically items "parked" online for collectors. The prices on the lower end are what they're moving for.

When using Reverb you can also see exactly how long a listing has been live and whether there are offers.
I am not really knowledgeable with T40s but they are cool basses and have a following today. Good luck.
 
To the O P. You will know what to do once you play it. It will either scream buy me, or it may just scream, why? A lot of people don't fall for the magic of a T40. My first year model was very, very, heavy. The tone and response was so massive that i also had tapes on it to tame it down, just like the one you're looking at.
I ended up trading mine for a fiver but have since regretted it. I ended up with an 83'/84' model in white with a Rosewood board. Whole different bass, 2lbs lighter, slimmer neck and body, more "adjustable" sound. Good luck with whatever you decide.:cool:
 
From my view there was a niche market that was reborn for these in recent times, and it seems to me that has passed and they are starting to show up for the less than $800 prices they were commanding a few years ago. I wouldn't personally buy one at any price. I wouldn't use it. If the one you are looking at has heavy wear I would say it is a player and should sell for less than $500 in a local cash deal. Reverb prices are not real world prices. Don't confuse the two.
 
I owned one for quite a while. With reference to the above posts, there’s nothing special about either the truss rod nut or any of the pots. The clever circuitry makes it seem like the T40 has some sort of switching pots. It doesn’t. And if I recall a Gibson type truss rod socket wrench is what’s required. They’re modestly interesting weapons sonically if played while seated, but they’re both too heavy and unattractive for public performance.
 
BTW... while the chiropractor may be in order... you can tell by my avatar, that one day I will own one.
(Maybe own one of every american made peavey at one time.)

I second the motion to check reverb.coms pricing. They have a way to get too what they've sold for vs what people are asking. 3 years ago I could have got one mint condition for $650. I was stuck at $550. No Sale.
 
Also OP: I personally wouldn't take this bass as a "flip and turn a profit" opportunity. The juice won't be worth the squeeze. But that's just me.
I think this is the key point. If this bass was OP's dream bass he should pay whatever it's worth to him, which might be more than others are willing to pay. But if the goal is to flip it, this looks like a bad bet to me.
 

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