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Value Of A 1928 TB3 Conversion Banjo?

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Jul 22, 2020 - 3:38:18 PM
2859 posts since 3/26/2004

What would be the value of a 1928 GibsonTB3 with a no-hole arch-top ring banjo conversion in great condition with a 5-string conversion neck by Larry Choea in 2001, and fiberglass case?

Let me know and pic's available upon requests.

Edited by - impickin5 on 07/22/2020 15:52:51

Jul 22, 2020 - 4:54:05 PM

Bill Rogers (Moderator)

USA

23882 posts since 6/25/2005

Last year I sold my ‘27 conversion with a gorgeous flame maple neck and a matching Top-Tension style resonator for $4,400 through Gryphon. A great banjo with likely unique construction and tone. So go from there. If you’re looking for insurance value, that’s probably pretty close; replacement value would be more. BTW, I sold it only because I wasn’t playing any bluegrass. I replaced it with an RK-35 for use if needed, and pocketed the approximately $2k that was left over. For the way I play, the Gibson was overkill.

Jul 22, 2020 - 7:18:36 PM

13246 posts since 10/30/2008
Online Now

It depends a lot on how the 5 string neck is made.

I don't think many buyers on BHO are paying $4000+ for converted TPF TB 3s right now.

I might be interested at a much lower price if you want to email me photos etc.

Jul 24, 2020 - 9:33:11 AM

Brett

USA

2274 posts since 11/29/2005

So, I’ve been mulling this question over, in the back of my mind. What is the value and physical differences between ball bearing 27 and archtop 28 style 3 banjos. I’m still around $2500 on my gut about ball bearing tenors. So, I guess we gain different style of tailpiece possibly, maybe from hex head to serrated resonator thumbscrews, and difference of ball bearing assy to include hardware (springs, washers, ball bearings). flat hooks to round, and split band tension hoop to notched. I guess Inlay pattern change, can’t recall.
Each innovation getting us closer to the preferred combo most go towards tends to increase asking price. People seem to generally prefer round nuts, notched tension hoops, some do or don’t like clamshell tailpiece. So, if $2500 is ballpark, how much do we add to go from ball bearing to archtop?
I’m gonna guess the addition of round hooks and notched tension hoop, as well as cast archtop tone ring, and maybe lightly more decorative fingerboard inlay, probably $500-$700 depending on buyers perceived value and or end use for cast archtop tone ring. May will intend to replace it with conversion ring or cut for flat head regardless. So, might not mean any more to them than a ball bearing rim setup.
I’d say tops on ball bearing style 3, $3k at most, and likely around $36-3700 max on 1928 style 3 with cast archtop ring, all stock and super original and clean. Goes down depending on any alterations/mods. But, I’m an old hillbilly, out of touch with modern prices, so take it with a wagon load of salt....

Jul 24, 2020 - 9:39:20 AM

Brett

USA

2274 posts since 11/29/2005

That’s not how Larry’s name was spelled, I’m unsure of correct, but wasn’t like
Cohea
Pretty respected name, I’m gonna guess a super nice neck from him worth a 800-grand.
I have no clue was fiberglass case costs, because like I said, old hillbilly. Those are too modern for me to have bought one new, but I’ve given you my maximum dollar honest help in the matter and wish you good luck with your sale.

Jul 24, 2020 - 10:56:54 AM

156 posts since 12/13/2004

There are two on the market right now that are in excellent condition and each are listed for around $3500.  I paid more than that for mine just two years ago and it's not in as nice of condition as either of these.  For as sweet as these no-hole archtops sound when properly set up, I don't understand why they haven't sold yet.

Jul 24, 2020 - 1:26:51 PM

13246 posts since 10/30/2008
Online Now

John Beyl where can I find these two banjos you mention?

The ones in BHO Classified are substantially higher.

Jul 24, 2020 - 3:39:54 PM

2859 posts since 3/26/2004

quote:
Originally posted by Brett

That’s not how Larry’s name was spelled, I’m unsure of correct, but wasn’t like
Cohea
Pretty respected name, I’m gonna guess a super nice neck from him worth a 800-grand.
I have no clue was fiberglass case costs, because like I said, old hillbilly. Those are too modern for me to have bought one new, but I’ve given you my maximum dollar honest help in the matter and wish you good luck with your sale.


Jul 24, 2020 - 3:46:07 PM

2859 posts since 3/26/2004

Sorry I mis-spelled Larry's last name. Yes, it should have been COHEA, not CHOEA. My mistake.

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