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The value of a Fender Lead II guitar typically ranges between $500 and $1,200, depending on its condition, year of manufacture, and any modifications made. Vintage models from the late 1970s can command higher prices, especially if they are in excellent condition or come with original features. Collectibility and demand in the used market can also influence pricing. For an accurate valuation, it's best to consult recent sales or a professional appraiser.

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