1965 Epi, seems high

Would this one be worth the $2G even without the busted heel?  The repair work looks pretty dicey, can a repair like that be re-repaired to look a little more professional or is it going to need a new neck?

http://www.ebay.com/itm/1965-Gibson-5-string-flathead-banjo-/261010775805?_trksid=p5197.m185&_trkparms=algo%3DSIC.NPJS%26itu%3DI%252BUA%26otn%3D12%26pmod%3D150804388675%26po%3DLVI%26ps%3D63%26clkid%3D8022381457959916790#ht_500wt_1001