I've been watching the price drop for this very nice looking S. S. Stewart Thoroughbred Model 2 on e-Bay: http://www.ebay.com/itm/RARE-ANTIQUE-1890s-SS-STEWART-SPECIAL-THOROUGHBRED-5-STRING-BANJO-BLUEGRASS-ORIG-/280861909152?_trksid=p4340.m1374&_trkparms=algo%3DUPI.GIROS%26its%3DI%252BC%252BS%26itu%3DUCI%252BUCC%26otn%3D13%26pmod%3D110868053728%26ps%3D63%26clkid%3D8027934341368486409#ht_1721wt_1087
I'm not seeing any problems with it from the photos posted. It seems to be a well made classic 1890s Stewart and $1200 is a reasonable price for it.
Any thoughts?