Look on e-bay for recent selling prices. A LP 4 in darn nice shape just sold for $91, and it had backing on it, but that could be on the lower end. I'd say $125-$175 is about right if the reel and spool are in very good to excellent condition. Somebody who really wants and LP5 might just pay more for it, it's hard to tell. Keep in mind excellent condition means it's close to new maybe only one or two scratches. Several small scratches but overall good finish is considered very good condition. These reels have a reputation for clutch failures and the pool of clutches is starting to run out. Once they are all gone Lamson does not plan to make any more clutches. They do offer an upgrade to a new reel for reels they can't fix but still it's something that is in the back of the mind of most people who research these reels thoroughly.
Last edited by 7141-4; 03-30-2007 at 07:47 PM.