That sounds like a good price for a very good guitar. The most common complaint about these guitars is the crumbling tuner buttons. Whatever plastic they used during that time, it hasn't held up well. Fortunately you can buy replacement tuner buttons from Stewart-MacDonald or other supply outfits.
I'd pick it up if I were you. Even if you don't keep it, you could resell it on eBay or here for much more.
------------------
Brad's Page of Steel:
www.well.com/~wellvis/steel.html
A web site devoted to acoustic & electric lap steel guitars
[This message was edited by Brad Bechtel on 19 January 2001 at 09:58 AM.]