My first real guitar was a 1968 Gibson LGO. It had the best action I've ever seen on an acoustic. Sometime around 1977 a friend borrowed it and he disappeared along with my guitar. I owned may guitars since then but none ever were as good as that LGO, so a few weeks ago I found a 1964 and bought it. It will be my guitar for life ! The woods available and the hand made craftmanship before 1970 was superior and I would suggest buying guitars from pre 1970, even if they need work, the basic guitar is better than what you get today.