Thats about the going rate nowadays, and if its good useable shape (lock or not) and OG and you just have to walk next door , well it's not a bad deal at all. Of course if he's in no great hurry to sell that also gives you time to search around if your looking for a really good deal. I've bought a few slightly bent up ones at shows in the last few years in the 40-60 dollar range. spent a half hour with a vise and gotten them back in shape and good to go! Mark Detro Englewood, FL