I pretty much agree with Rob about the approximate value range. I'm not sure I would pay over $75.
I bought one once off eBay that was clearly made from a kit (said so right on the label) but the seller withheld that information even though I plainly said, "Tell me everything it says on the label" When it arrived, it was obviously not anywhere near the quality they produce in their shop, and when I saw "from a kit purchased at the Dulcimer Shoppe", that explained the poor quality.
McSpadden makes a quality instrument and their kits are good, too--but if you don't do a good job when you put it together, you've got--at best--a 10.00 wall hanger!
I returned mine and got a refund. I wouldn't buy one unless you could return it for a full refund if it turns out to be junk.
The thing about McSpadden dulcimers is they have a reputation for high consistency in quality. When you buy an instrument online from them, you might not get something that's very unique, but it will be very well made and it will sound good!
When you buy an instrument from a kit, you're plunking down cash hoping the person at least followed most of the directions and wasn't too messy with the glue!
Having said all that, my husband is going to make one this summer and it will be "priceless" to me, no matter how it turns out!
Just don't spend too much of your hard earned cash on an instrument whose value is determined by someone who's sentimental about it.
Jan Potts, Lexington, KY
"Use what talents you possess; the woods would be very silent if no birds sang there except those that sang best." Henry Van Dyke
updated by @jan-potts: 04/19/16 11:46:01AM