I recall Harmony made the cheapest guitars that were still playable back in the late 1950s. Their bottom of the line was the Stella, which didn't even have the Harmony name on it, and sold for around $15. An almost identical guitar with the Harmony name cost about $25. The top of the line was the Harmony Sovereign, selling for about $50 or $60. Overall, the Harmony tone was bearable at best and God damned awful at worst. But at least the action was decent, which is more than an be said about the other El Cheapos.