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If the guitar was made in the late '80s it could be worth no more than $500.00 if the guitar is in mint condition, $200 if in fare condition. These are rare Guitars. Alvarez did not put many out per year. The Alvarez model 5040 was made with a laminated koa top and laminated mahogany back and sides, and, I think, at different times, with a laminated spruce top. If it suits your ears, hands, and eyes, that's all you can ask of any guitar. And the value is only whatever some buyer is willing to pay for it, which is only important if you're buying it, selling it, or insuring it. It's a cool, good-sounding, playable instrument. If yours is a koa model, it has that distinctively different and pretty koa look as well. Hope this helped!

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14y ago

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