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Old 10-29-2009, 06:59 PM   #1 (permalink)
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Jimi Hendrix Stack

Howdy all

I am thinking about buying a 2nd hand mint Jimi Hendrix stack. They only made 600 in 2006 according to the different internet sources.

Marshall Debuts Limited Edition, Handwired Jimi Hendrix Signature Stack - Marshall - 2006-01-26 | Harmony-Central.com

I was thinking of grabbing one and putting it aside as a minor investment providing it is an OK price. Also a cool thing to have!

A question to the group. Do you think these modern limited edition amps will gain value as the years go on? In the case of this Hendrix stack it would be possibly the most expensive Marshall to date.
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Old 10-29-2009, 08:04 PM   #2 (permalink)
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Re: Jimi Hendrix Stack

Only a fool invests in his hobby for profit. Buy it because you will enjoy using/collecting it. Values can do all kinds of things contingent upon the economy and 1000 other unforseeable variables. It could be worth a ton. Then again people could shift completely away from amplifiers as we know it in X years, making these things we adore as desirable as 4-head VCRs and ghetto blasters.
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Old 10-29-2009, 09:45 PM   #3 (permalink)
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Re: Jimi Hendrix Stack

Hi Richie,

The gentleman who designed the amp, Steve Dawson, can be found at the Vintage Modern forum ... he's on there daily as he designed the VM as well. On the menu page for that site, you will find a section for "other Marshall amplifiers", in which one section is dedicated specifically to the amp you have questions about. Might be worth your time to take a spin over there and poke around for a while ... if you have a question for Steve, he'll likely get back to you w/in 24 hours or so.

Here is a link to the site: Marshall Vintage Modern Community • Index page

Have fun!
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Old 10-29-2009, 09:46 PM   #4 (permalink)
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Re: Jimi Hendrix Stack

Quote:
Originally Posted by V-man View Post
Only a fool invests in his hobby for profit. Buy it because you will enjoy using/collecting it. Values can do all kinds of things contingent upon the economy and 1000 other unforseeable variables. It could be worth a ton. Then again people could shift completely away from amplifiers as we know it in X years, making these things we adore as desirable as 4-head VCRs and ghetto blasters.
I have to completely disagree with V-Man. I think it's ok to buy guitars to play and guitars to invest in.

However, picking which stuff to invest in is tricky. With musical equipment, it's tough to predict.

The Hendrix stack is one of the best amps Marshall has put out in a long long time.

But, there has really been no buzz about it...yet.

The economy is so screwed up right now that if you can get a good deal on it, and you have the disposable income to make the purchase, I say do it.

Why not

Now, lets get in the Delorean and go buy some 1959 Les Pauls!!!!
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Old 10-29-2009, 11:46 PM   #5 (permalink)
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Re: Jimi Hendrix Stack

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Originally Posted by V-man View Post
Only a fool invests in his hobby for profit.
I totally disagree.

"A genius invests in his hobby and makes it a career!" ©2009 Tarz N Amps

I have been thinking of buying this exact same stack for the exact same reason, plus it is just a cool looking stack. Just one catch - I have to buy 2 stacks to get the price my dealer quoted. I can get one at $3,999 which is the best price I could find, but the dealer has to move 2 pcs. at that price.

Has anyone found a better price? Anyone want to buy one so I can get one?
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Old 10-30-2009, 04:51 AM   #6 (permalink)
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Re: Jimi Hendrix Stack

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I totally disagree.

"A genius invests in his hobby and makes it a career!" ©2009 Tarz N Amps
No. A genius makes his hobby his career AND succeeds. A fool invests in his hobby for profit (and often fails). Tell me who you know who has made a solid turnaround strictly on speculative guitar investments (not services) as a pasttime or a career. Guitar X may see a 10,000% return (not adjusted to inflation) in 40 years, but that market may lay dormant or even bleak for 27 of those years. Without the 85 Delorean LesBalls suggested, this speculation is pure dart-casting.

What piece of gear will yield what profit at what time? If you have the facilities to warehouse such treasures and the patience (and means) to sit on the gear through unresponsive markets and recessions, then you "might" get a handsome return in some unforeseable point in the future. Then again, once you adjust that for inflation, you may find that you did no better leaving your money in a savings account that put out a meagre interest rate.

If you love the amp and want to play with it and hopefully make your money back (adjusted for inflation) go for it. If you buy this thinking it may be the backbone of your kid's college fund, you are playing a very dangerous, unpredictable, and yes, foolish game with your money. It's all about being realistic with your motives and expectations.
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Old 10-30-2009, 08:24 AM   #7 (permalink)
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Re: Jimi Hendrix Stack

Does anybody know the current value of the Marshall offset amps sold several years ago? IIRC they were the first serious reissue Marshall made andsold (i.e. one that did not use PCB's and other shortcuts, was as close to the original as possible). Maybe that would give an indication of how the Hendrix stack value will perform in the same time frame.

FWIW, I try to buy gear that is either broken or sold cheap, then fix it and use it for a bit in my gigging band. I can then sell it for a tidy profit, and get the enjoyment of trying lots of different gear. It's gotten where my gear purchases are at the least totally offset by sales of previous gear, and usually I make money on the deals. I'm not getting rich, but it impresses my family and I get no disagreements at all when I buy gear. So every purchase I make has to turn a profit when it is sold, and most often does. To have my wife excited when a new guitar walks in the door is priceless.
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Old 10-30-2009, 10:15 AM   #8 (permalink)
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Re: Jimi Hendrix Stack

Buying almost any new products as an "investment" is a bad idea. Put the money in stocks or real estate. No one knows what will be "collectable".

When I was 18 I bought a Fender Mustang Competition bass for $150. It was a "student" bass with a stupid racing stripe but I liked the small scale neck. I recently sold it for over $1000. Who'd have known?

How many Les Paul 'special edition' models has Gibson made over the years for collectors, and how many are worth more than a regular edition of that model? Hardly any.

I had a 1970's Traynor bass amp that was a "poor man's plexi". I paid $200 for it in the 1970's. They sell all day long at $350 on eBay. Why wasn't THAT collectable?

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Old 10-30-2009, 11:23 AM   #9 (permalink)
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Re: Jimi Hendrix Stack

I'm enjoying this discussion. While there seem to be varying opinions, I think all of you are making some very fine points for both sides of the debate.

My thinking on the topic is that you'd likely be much better off looking at guitar/amp/pedal/etc. purchases as a monetary investment in yourself, rather than for the hopes of financial returns down the road. I tend to side w/V-Man, and as such, think you'd be rather unwise to speculate returns on musical instruments and the like. There is no hard data, financial model, nor historical significance to point you in any legitimate direction - it's a guessing game at best, and that guess is likely going to be made on what YOU think is valuable ... and that is a terribly slippery (read foolish) method of investing.

That said, if you love the guitar/amp/pedal/etc., and you have the money to pay for it w/out risk of putting yourself in financial harms way, then don't worry what the value will be in 20 years time ... focus more on the value you will generate for yourself by simply investing in yourself. The amount of happiness you can generate for yourself personally over that 20 year span (yes, 20 years is an arbitrary number I'm just using as an example), is in many ways more valuable than the financial returns you would likely reap anyway.

Investments for monetary profit are very hit and miss - and that's even with the best statistical data, financial modeling, and history of success on your side. Investments in yourself, however, are rarely a bad idea - again, provided you are not placing yourself in a financial mess.

Bottom line: Don't invest in a guitar/amp/pedal/etc. looking for profits down the road. Rather, if it makes you truly happy, consider it an investment in yourself - and if you make money down the road if/when you get tired of that piece of equipment, then just consider it a nice bonus.
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Old 10-30-2009, 01:45 PM   #10 (permalink)
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Re: Jimi Hendrix Stack

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Originally Posted by crossroadsnyc View Post

Bottom line: Don't invest in a guitar/amp/pedal/etc. looking for profits down the road. Rather, if it makes you truly happy, consider it an investment in yourself - and if you make money down the road if/when you get tired of that piece of equipment, then just consider it a nice bonus.
That's the best advice right there. Buy what you like and what you'll use and some of what you have will go up in value; maybe way up if you're lucky. My Fender Champ and the bass were hits; the Traynor and my Music Man amp have yet to find the collector market. I have a late 70's Chiquita guitar....I don't suppose it's worth what a 70's les Paul is worth? LOL

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Old 10-30-2009, 02:45 PM   #11 (permalink)
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Re: Jimi Hendrix Stack

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Originally Posted by V-man View Post
No. A genius makes his hobby his career AND succeeds. A fool invests in his hobby for profit (and often fails).
My example assumes success or it wouldn't be a career. Failure is not an option!

If you buy a $2,000 guitar for $1,000 that is either an investment or quick profit - nothing stupid involved in that scenario.

About the JH stack - I don't think it will be a great investment, at $4k it will probably take a while for the resale value to exceed $4k. However, it is way better then the guys paying $6k for them - they will only lose.

Not loosing any money on a usable purchase is ok too.
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Old 10-30-2009, 03:03 PM   #12 (permalink)
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Re: Jimi Hendrix Stack

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Then again people could shift completely away from amplifiers as we know it in X years, making these things we adore as desirable as 4-head VCRs and ghetto blasters.
Hey now, I love my ghetto blaster. But umm I am looking to unload a mint condition Betamax player. Any takers?

I say if you have the scratch and you really want it, get the stack. Even if it never goes up in value, you'll still have an awesome Marshall, and there's nuthin wrong with that
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Old 10-30-2009, 03:26 PM   #13 (permalink)
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Re: Jimi Hendrix Stack

Musical instruments becoming collectable can't even be predicted by the experts. I've held on to my 1990 PRS Custom specifically because many experts say it is the next collector's guitar. But it sure isn't yet... If you look on ebay, there are lots of them from this period (Brazilian rosewood fingerboard, small neck heel, sweet switch with no tone control) for sale for big bucks, and very few of them sell for those high prices. When will it be collectable? How long should I hang on to it? Who knows?
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Old 10-30-2009, 04:25 PM   #14 (permalink)
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Re: Jimi Hendrix Stack

Not sure if this is about the amp or investments?
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Old 10-30-2009, 05:23 PM   #15 (permalink)
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Re: Jimi Hendrix Stack

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Not sure if this is about the amp or investments?
I think it's all about whether you like it's tone and you have a use for it. It's hard to get away from the monetary side of the decision, but if you like the way your guitar sounds through it, then I'd say get it. I personally love its sound. I love all the old Marshalls, but that one has some very special love and care put into it that makes it just an incredible, inimitable piece of gear. Good luck in your decision.
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Old 10-30-2009, 07:37 PM   #16 (permalink)
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Re: Jimi Hendrix Stack

Thanks for you comments gentlemen.

Over here the RRP on the Hendrix stack was 10K. This one is at $5500 mint Second hand. I checked with my mate at the music shop and these were never on special as they sold out of them, as opposed to that 45 stack that you see at the moment. 5500 is under what wholesale was here in Australia. Man you americans have it good on prices compared to us chumps over here.

My minor investment comment was badly put. I was envisaging owning a cool amp that the worst case scenario I can break even on and best case it goes up in price.

I figure half of the 600 JH Amps made will end up in collections and the other half will get used and will end up with the usual dings and sign of use. So there will probarbly be some value there down the track. BTW, I plan on keeping it for ever and prolly passing it down.

I am actually a "retired" fulltime musician and now I am a Pawnbroker. I get access to all manner of cheap stuff. In fact I am sick of stuff in general except for my weakness which is Guitar stuff. So I like to buy items that are reasonably rare or limited hence the JH Marshall. I actually collect Diamonds and Gold for true investment.
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Old 10-30-2009, 10:29 PM   #17 (permalink)
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Re: Jimi Hendrix Stack

There was a similar thread awhile back. Here's what I said.

If you buy an amp or amps for investment, how are you going to store them? A tube amp doesn't store like a solid state amp. All amps need to be turned on for a while every so often. You going to do that for 20 years?

The same thing with a guitar. You going to take a $3500 guitar and put it in a case for 20 years?

Sometimes you have to be practical about making investments. Even if you have the climate controlled storage space, an amp or a guitar still needs a fair amount of care.
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Old 10-30-2009, 11:33 PM   #18 (permalink)
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Re: Jimi Hendrix Stack

FWIW.....if it were me looking to spend the $4k +/- on gear as an investment, I personally would rather not gamble with a reissue of any kind. For $4k you could invest in at least 2 and probably 3 pieces that are already appreciated a load & only going to continue to do so. Find a pre CBS Deluxe Reverb, or any pre CBS Fender for that matter, or same with some older Marshalls. They are out there & you'll find, for the most part, even in this economy if they are clean & un-modded they are still commanding top dollar. These types of amps will not lose you money. And in 10 years if you find having it (them) just ain't your bag, you'll have a 60 year old gem worth a ton, not a 10 year old amp that still might be depreciating, and is a reissue not the real deal. Personally, the only "newer" amp of any make I'd put my money in, which I have incidentally, is anything Silver Jubilee, and that is from an investment point of view which it's proving its' worth time & time again.
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Old 10-31-2009, 01:57 AM   #19 (permalink)
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Re: Jimi Hendrix Stack

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FWIW.....if it were me looking to spend the $4k +/- on gear as an investment, I personally would rather not gamble with a reissue of any kind. For $4k you could invest in at least 2 and probably 3 pieces that are already appreciated a load & only going to continue to do so. Find a pre CBS Deluxe Reverb, or any pre CBS Fender for that matter, or same with some older Marshalls. They are out there & you'll find, for the most part, even in this economy if they are clean & un-modded they are still commanding top dollar. These types of amps will not lose you money. And in 10 years if you find having it (them) just ain't your bag, you'll have a 60 year old gem worth a ton, not a 10 year old amp that still might be depreciating, and is a reissue not the real deal. Personally, the only "newer" amp of any make I'd put my money in, which I have incidentally, is anything Silver Jubilee, and that is from an investment point of view which it's proving its' worth time & time again.
Thats good advice, and I agree with you 100%.

Last week I purchased a mint Mesa Boogie Mark II head for what I considered a fair price. It's nearly 30 years old and I am very happy with it indeed.

I guess I am trying to justify the JH Marshall because it is just so cool
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Old 10-31-2009, 02:06 AM   #20 (permalink)
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Re: Jimi Hendrix Stack

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I have a late 70's Chiquita guitar..

ken

Hey man, I have one of those and its really awesome. I think it has a super distortion pickup in it. Its in a brown case with a little 9 volt chiquita amp. I used to use it at gigs for a laugh.
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Old 11-06-2009, 12:20 AM   #21 (permalink)
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Re: Jimi Hendrix Stack

My 2 cents FWIW....

I have a TON of gear (mostly recording, but quite a few high $$$ guitars and amps). My view on the whole investment is this:

I surely wouldn't buy something strictly for investment purposes, but (and a big but),

If you are gonna play the amp and enjoy it, how much of a hit are you going to take on resale a few years down the road? Hell, if I could break even on a guitar or amp that I sell a few years down the road, and I get to play with it for a few years, it's a win/win!

It's a buyer's market the last year or so. If you can pick up a good deal on the amp, and don't mind hanging on to it until the market picks back up, I'd grab it. I bought the JTM 45/100 anniv. stack for the same reason. I got a great deal on it, and I absolutely love the amp. Hell, even if I lose a couple hundred bucks, it was worth it in the long run. Buying anything analog vs. digital (converters, DAW's, plug-ins, etc.) maintains SOME value over the years. I can't imagine that the JH stack price would take too much of a beating a few years down the road. If you feel you may need to sell it sooner to clear up some cash, maybe it wouldn't be a great idea. I know I have a few pieces a gear that I've tried to sell recently that I decided to hang onto for a little while. People aren't paying the high $$ for items that they were two years ago. I have Protools plugs and converters that I'd be lucky to get 1/10th of what I paid for them. The gear that never becomes obsolete always maintains some value, even though the resale may fluctuate a bit. If you plan on playing it, grab it!

As another member stated, check out the Marshall VM forum re: that amp. Steve D. (the designer/ re-designer) of the JH and my reissue is extremely helpful and active on that site. I'm working through a few bugs with mine , but he answers any questions you may have really quickly.

Good Luck!!
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Old 11-06-2009, 11:03 AM   #22 (permalink)
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Re: Jimi Hendrix Stack

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Hey man, I have one of those and its really awesome. I think it has a super distortion pickup in it. Its in a brown case with a little 9 volt chiquita amp. I used to use it at gigs for a laugh.
LOL Mine is blue and yes, it's a Dimarzio pickup that I swapped out for a Gibson at one point. Still have it though. The amp is crap; eats batteries for lunch so I bought the Marshall battery amp which doesn't fit in the case but is a FAR suprior amp.

I tune mine about 3 half steps off; standard tuning doesn't work too well. Some people also use different gauge strings....how is yours set up?

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