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Depending upon the condition and based upon the limited number that are for sale eBay prices will range from $650 to $850 US. This would indicate that a mark up of twice the high price in a music store would not be out of the norm. So, to answer your question; The market value of a 1978 Gibson "The Paul" would be in the area f $650 to $1,700 US depending upon the condition of the instrument.

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