I am contemplating buying a friends LG-1. He's had it for a few years and out of all the guitars he's bought and restored, this little thing is the best playing sweetest sounding instrument he's owned. Claims these go for $1200-$150; however despite the guitars perfect sound,and amazing playability(sounds awesome all the way up the neck), it has many repairs cracks on the top and the binding is cracked w/pieces missing. As it is, I need to know what a reasonable offer would be. Asking $750 [w/a new case $800]