I assume they're expecting it to have value by virtue of having been John McEuen's banjo.

But I agree it's asking a lot for a Granada pot with missing resonator, irrevesibly altered flange, and archtop ring all attahed to a neck of unknown origin.

It's sort of that dynamic often idiotically discussed in banjo circles: when does a Granada cease being a Granada?
The shell is supposed to be the same as any other 1PF Gibson of the era. Obviously the hoop is valuable if still original but try tracking down a one piece original gold flange and resonator!

Also it does not look like a particularly worthwhile neck.
Also I LOVE John McCuen but this ain't his Florentine!

... but but but ... FREE SHIPPING!!!!

hahahah - Frank, you nailed it. NOW it is a steal

It is $2250 less on Gruhn’s site but I would imagine you pay for the shipping!

As noted above, it appears to be for sale at Gruhn's.

George must believe it has "the provenance", if not "the condition". If anyone can find a buyer willing to swallow that provenance, Mr. Gruhn is the guy.

$22.5k is too high for this one.
But I reckon he may be able to get $15k for it, or pretty durn close...

yeah seems highly inflated, likely due to John McEuen, he is a big name.. that big? i dont know, if anyone buys this it wont be a banjo collector, but a rock collector interested in the nitty gritty dirt band. Also possible gruhn is selling this for John and thats his price..

Celebrity provenance aside, I was curious as to folks' opinions on the value WITHOUT the McEuen angle. Granada rim, Granada ring, Granada hoop, Granada armrest, Granada tailpiece, middling conversion neck - what does that all add up to? $8000-10,000? I wonder...

Since you asked...

If I were an EMT and found this banjo at a highway wreck, I would look to see if it has a parts donor card.

To me "John McKuen" has absolutely no value. So, setting that aside....

The sacrilegious alteration of the prized one piece flange would bring tears to a glass eye.

The rim has value. The 40 hole tone ring has value. The tension hoop seems to have a lot of plating gone, and I don't like that silvery show-through the gold -- is it even an original tension hoop?  The armrest and tailpiece are extremely tasty items for Granada owners and they appear old and original, but need closer inspection. The neck wood is quite lovely, as is the one piece veneer over the back of the peghead which is a very high end Granada reproduction detail often neglected. If the tuners are original with pearl buttons, great! The inlay isn't too bad except for the incorrect MASTERTONE block font and the excessively long empty area at the end of the fingerboard . The  ebony fingerboard generates a flinch. The Calton case has plenty of value.

So, it's part it out, or spend a lot of money for a top quality resonator, replacement flange and replated tension hoop, and perhaps other work. And it will NEVER be an original Granada pot.

If it were given to me, I'd sell to Steve Huber for his parts bin.

But that's just me.

You'd have to be a HUGE Dirt Band fan to want this. I never saw John playing this. Maybe it was for at home for a certain mood.
As others have said, it has a great rim, tailpiece (?), armrest and of course ring. Neck is not original but it is nice. The flangette, well, ugh.

I will understand replacing bits as they fail or wear out. In a normal world, that would be a reason for a lower price. Of course, banjo players are not of the normal world. (Meant in a loving way!)