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It depends on it's condition. I have one as well that I inherited. It has signs that it was played out alot. The appraisal came in at $3200. It plays great and only has wear to the finish. But if you have one that's in excellent condition you could get anywhere from $5000-$7500. The R-18 wasn't a high end Martin in it's time.

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Q: What is the value of a martin f hole 1934 R 18?
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