Why does Peavey gear tend to not retain its value?

Inflames626

New member
Hi all,
Just curious about the lower than usual resale value of Peavey gear over the past few years.

I know a lot of people think they make junk, especially in their solid state/practice range, but I'm thinking more about the mid and high end range of their gear. I think there's a lot of value there that the used market doesn't bear.

Growing up in the South, I saw that most of the shops around here stocked Peavey because Gibson, Fender, Mesa, and Marshall were well out of people's price range. Retail the Peavey stuff was a few hundred dollars cheaper than the others, but it's in the used market where the quality stuff seems to shine, especially used stuff like Dyna basses, Foundations, some of their guitars, the Classic series of amps, etc. Some of the stuff, like the Rudy Sarzo bass, looks really excellent. I was first acquainted with their mixers, PAs, and sound reinforcement as a kid long before I heard their guitars and amps. A lot of that stuff, even from the 70s, is still going strong and seems reliable, although wood paneling and brightly colored knob tips may not seem very stylish these days.

It seems that a lot of Peavey production went to Asia in the 00s, especially to compete on the lower end, starter pack line of the scale targeted to beginners and children in music shops. They also expanded into making nearly everything for a while, like drums, which they later stopped. This may have hurt their credibility.

The only stuff I've seen that really retains value would be the old EVH Wolfgangs, the 5150s, and some of the Cirrus line of basses, especially the six strings. The Grind basses have six strings and are only a few hundred dollars and apparently a step up from things like an Ibanez Gio, which are apparently cheaply made.

I bring this up because I used to consider Carvin the best American deal as far as Ebaying great used stuff for a good price. Since a lot of used Carvin stuff doesn't come with all of the potential custom features Carvin offers, when it comes to a straight up passive J bass copy, I can't help but lean toward an older Peavey instead of a newer Carvin when the features are similar.

Like most metal guys I prefer to usual Jackson/ESP/Ibanez/BC Rich type stuff, but especially when it comes to mid priced import stuff, I can't help but think the Peaveys can be better in some ways in terms of fit and finish. The Peaveys just lack the looks and Floyd Rose bridges, most of the time. That and Peavey proprietary designs, especially on their basses (double dog eared pickups) make it harder to retrofit aftermarket pickups (the stock Peaveys usually aren't bad, though).

An example might be an Indonesian Peavey Rotor I picked up for about $200 some years ago. The stock pups are great (although only two conductor). The licensed Floyd springs needed some WD40, as they were pretty stiff, but I plan on an OFR on it some time. It's mahogany, and the neck, weight, etc., just feel better than a lot of my import Jacksons from the 90s, most of which feature Takeguchi bridges and Duncan Designeds before I changed the pickups and bridges out. They aren't bad guitars, but you can feel a difference when you move toward something better made, even a newer Charvel Desolation neck thru DS1FR I picked up, lately.

Like most brands, it's harder to find American made stuff at a decent price these days ("made in the USA" vs. the ambiguous "crafted in the USA"), but, at least on the older stuff, I think Peavey's a good deal.

So, thoughts on Peavey. Why can't they get any love?

Thanks.
 
Re: Why does Peavey gear tend to not retain its value?

I have a sweet peavey jsx rig. Best amp ever aiiiiiiiiiiiiiiiiiiii
 
Re: Why does Peavey gear tend to not retain its value?

I have one of those Rotor EXPs, it's the lower bolt neck model, it's a great guitar for the price I paid. I think I paid $290ish for it brand new in 2006. I remember the pickups as being decent, but I ended up putting a Dimebucker in it, then sold it, then bought it back a couple years later when the shop I sold it to couldn't get rid of it. After that I swapped a chrome OFR and a set of EMG 25th anniversary pickups into it and it rips now.
I also used a 3120 amp for a few years, it was great for heavier styles of music, but as my playing drifted away from that I quit using it and bought something else, still have both the rotor and 3120 though.
 
Re: Why does Peavey gear tend to not retain its value?

A lot of the value of stuff is tied to the brand name. Peavey stuff has been known for years to be cheap starter level equipment. They do/did make some nicer stuff, but the bulk has always been inexpensive . . . so the name is forever tied with cheapness. I suspect that's why Fender and Gibson have Squier and Epiphone, and why SD has the Duncan Designed line . . . to avoid that association.
 
Re: Why does Peavey gear tend to not retain its value?

Regarding the 3120, I understand the XXX line is also popular for a cheaper Mesa alternative. I think either a 3120 or a JSX is just a rebadged XXX.

I tend to like their basses more than their guitars. The basses I find comparable to Fenders. The guitars are a bit basic but solid. Something neat I noticed on my Foundation is the pickups are curved slightly to match the fretboard radius.

What's interesting is the 5150 had been out for about 5-10 years before a lot of metal bands started using them, which massively increased the 5150's popularity.

They've also had some downright gimmick stuff though. The Wiggy comes to mind.
 
Re: Why does Peavey gear tend to not retain its value?

Because it is generally not near worth what it sells for new.
 
Re: Why does Peavey gear tend to not retain its value?

Because it is generally not near worth what it sells for new.

Worth is a subjective thing. I've never understood the hundreds of dollars of markup on something just because it says Fender or Gibson on it.

And, is anything worth what it sells for new? I'd argue that the used market more accurately reflects real prices (if not value). Much of retail prices are profit margins and marketing costs.

If you're looking for innovations like piezo pickups saddles, longer scale lengths, more strings, advanced wiring options like Graphtech Ghost systems, etc., things that might objectively add value to an instrument by expanding its tonality and feature set, Fender and Gibson aren't doing that, yet they still sell for prices as if they do.

Compare this to something fairly innovative like the Lightwave bass designs, that go for about $1300 new and $600 used. The acoustic guitars sound great especially.

Would I like to see Peavey offer more? Sure. It seems like they've really cut back their product line and feature set the past few years.

That said, not everything needs to be "innovated." These cheesy self tuning and intonation systems of the past few years are awful gimmicky.
 
Re: Why does Peavey gear tend to not retain its value?

Might be fair, though, if I qualify what I consider "value."

I see musical instruments in a very utilitarian fashion and not as stores of value for collectors. For me, the most important things are feature set, like wiring, and also looks. Do they look the way I want, do they have the wiring features I want (so that I don't have to order a custom instrument or drill on the body by myself), and do they do basic things well like stay in tune and intonate well? If money was no object, I'd gravitate toward designs like Lado Earth guitars with elaborate wiring options like the Graph Tech Ghost system, and then on top of that have different ones for different tunings and pickup combinations. Since one custom Lado costs about $4000, that becomes cost prohibitive.

Just below that you have Carvin who, in my opinion, offer a lot of great options for the price. It's just a pity that their used specimens are often short on features compared to their built to order models.

And then below Carvin, and well above my beloved Jacksons in terms of value, there's Peavey. Jacksons, ESPs, BC Richs, and Ibanezes in my view are mainly as expensive as they are at the mid and upper level due to looks and aftermarket pickup additions as stock options.

Most of the Peavey stuff I've tried of the mid and upper tiers plays really well. The stock electronics aren't great, but they sound better than choosing the wrong pickup from an aftermarket pickup manufacturer.

From this utilitarian perspective, I'd be hard pressed to say that any brand popular with collectors because of heritage and name recognition are worthwhile.

I've liked a lot of SGs and Les Pauls I've played, but very rarely do I think any guitar is worth more than $700-$1000. I definitely wouldn't want to take a piece of Victorian furniture with strings like a Les Paul Custom on tour with me, since it inevitably will see road wear.
 
Re: Why does Peavey gear tend to not retain its value?

SSSHHHHHH!!!!

you gonna make the prices go up
Stop it now
 
Re: Why does Peavey gear tend to not retain its value?

I honestly think that Hartley was and still is one of the smartest guys in the biz. For Hartley to step up and go head-to-head with Fender, Gibson, Marshall, Ampeg, Music Man, Acoustic, JBL, et.al.--FROM SCRATCH--and BEAT them, is simply an amazing story. You really have to look at the history of his company, and understand the economic times in context to see how revolutionary he was. He made affordable gear, and above all else, he stressed RELIABILITY and VALUE. And he DELIVERED that promise.

I've owned a lot of Peavey gear over the years, and it has always been a terrific value, and I can't recall ever having a failure. I've owned a couple of the amps, a Horizon II guitar from about 1990, and paid the rent for many years with a van full of Peavey PA gear.

One of the great things I will always remember Peavey products for is that the company often built features in to products that you didn't even know you needed--until you used it and then the light would go on. One really great example of this was when he started designing his mixers with more than one monitor buss. "Why would I need two monitor sends?" Well, you need it when you have a tiny stage with hard, reflective walls; with a drummer who hits hard and can't hear the vocalist's monitors without the system going into feedback. It's pretty rare to find any kind of mixer these days without being capable of two or more pre-fader monitor mixes. And folks, that was Hartley Peavey. Another is the Black Widow speaker--they just keep going, long after the Altecs and JBLs of the day would be fried. And the replaceable basket assembly--it's simply a brilliant concept. And these are just a couple of the many innovations and features he brought to market that made musician's lives a little easier.

I honestly think that much of Peavey poor reputation is partly Peavey's fault, but not for the reason you might think. With Peavey offering a broad range of products, making great little practice and beginner amps on up to semi-pro gear to full concert ready systems--many of these beginners and semi-pros bought gear they really didn't know how to use. This happened a lot with guys wanting to get into the sound reinforcement rental biz. They bought huge, complicated Peavey PA systems (because they were relatively inexpensive)--without an effing clue how to run them. This area in particular seems to be a part of the biz filled with ignorant know-it-alls, misinformation, rumor, lies and downright shysters. There are a LOT of idiots out there who don't know the first thing about sound reinforcement, buy they get a contract to do a festival and botch the job--and so the bands started adding the infamous "NO PEAVEY!" riders into there contracts. It really wasn't Peavey's fault. If you know how to set it properly, how to wire it, run it, mix it...a guy with KNOWLEDGE can make a modest PA sound fantastic. The guy who's a know-it-all can easily make a $100,000 PA sound like a transistor pocket radio. Believe me, for many years of my career, these pompous asses were the bane of my existence, LOL! And beware, they keep coming--like a horde of zombies bent on destruction--and deadly feedback!!!!

In the hands of somebody who knows what they're doing, I have heard some fabulous Peavey PA systems--clear, clean, noise-free--and loud as Hell!!!!

And to Peavey's credit, they have done some really wonderful things to help educate people on the basics of electricity, and sound reinforcement. They were one of the first companies to have an internet forum; they had several technical white papers on various issues, and their "Monitor" magazine/catalog always seemed to have helpful tidbits. (I've saved a lot of those articles!) I can't think of any other company that did as much education as Peavey did. I have been to several of their clinics over the years--always entertaining and informative, I'll move heaven and earth to attend one anywhere close to me.

I started playing Mesa amps back in the mid-'90s, and I'm very happy to have found MY tone with these amps. But Peavey builds some great guitar amps--the 5150 and 6505 are iconic amps. Most of my PA gear is Peavey, including a little XR-600C top-box mixer that I will NEVER sell--it is just so versatile--I've used it for so many different things and it just keeps on rockin'. I bought a Peavey Transtube Bandit for my nephew, and a couple of Peavey Unity basses that I reluctantly sold to a friend of mine after a lot whining and pointed remarks about my lack of need for a bass! LOL! And I have recommended Peavey Raptor guitars to parents and beginners who were looking for good yet inexpensive guitars. And I've used a lot of their strings and accessories over the years.

So, thanks Hartley; count me as a BIG Peavey fan. I LOVE the value!

Bill
 
Re: Why does Peavey gear tend to not retain its value?

A big part of it too is they are based in Mississippi and people here in the South want to back a local manufacturer.

That's what makes it disappointing that they are outsourcing more and more to Asia instead of building it here.

Peavey really is nearly ubiquitous for working bands here who maybe can't find a Mesa or Marshall to play in store but there are a ton of Peavey stores around.

We never had a Mesa or Marshall dealer in the entire state until they opened a Guitar Center in Little Rock--and everyone knows how terrible GC can be. I much preferred the Mesa shops in Cali. Much more knowledgeable sales people.
 
Re: Why does Peavey gear tend to not retain its value?

Regarding the 3120, I understand the XXX line is also popular for a cheaper Mesa alternative. I think either a 3120 or a JSX is just a rebadged XXX.

3120 yes, JSX no - it had a similar layout but much different inside, along with the added features like a noise gate and a few others I can't recall. JSX lives on as the XXX-II or something. Not confusing at all, Peavey.
 
Re: Why does Peavey gear tend to not retain its value?

What turned me off of the XXX when it debuted years ago was the cheesy nomenclature for the knobs and the exterior design.

I don't need a "hair" control.
 
Re: Why does Peavey gear tend to not retain its value?

What turned me off of the XXX when it debuted years ago was the cheesy nomenclature for the knobs and the exterior design.

I don't need a "hair" control.

Which was a big part of the reason they restyled it and renamed it the 3120. And yes the JSX is now the XXX-II for some reason.
 
Re: Why does Peavey gear tend to not retain its value?

I think every bar band I saw in the 80's and 90s had a Peavy sound system.

I'd like to get one of those old start-type guitars they sold in the late 70s early 80s, the T60 or something (or was that a Russian tank?)
 
Re: Why does Peavey gear tend to not retain its value?

Which was a big part of the reason they restyled it and renamed it the 3120. And yes the JSX is now the XXX-II for some reason.

Didn't Satch jump ship to Marshall? That would explain the inability to use the JSX name.
 
Re: Why does Peavey gear tend to not retain its value?

I've owned a couple of the amps, a Horizon II guitar from about 1990, . . . .

I have a friend who has one of those. It's the HSH version. I really want to add one to my stable.

Boogie Bill said:
So, thanks Hartley; count me as a BIG Peavey fan. I LOVE the value!

Bill

Count me in too. ;)

I'd like to get one of those old start-type guitars they sold in the late 70s early 80s, the T60 or something (or was that a Russian tank?)

You might be talking about the T-30. It was unique in that the pickups were "square-ish", with "bar" pole pieces. Like half a Hot Rail. I just snagged one recently. Killer axe. I love all of my MIA Patriots and Predator too. Great guitars, without even saying "for the money". Just great guitars.
 
Re: Why does Peavey gear tend to not retain its value?

Didn't the T series (either guitar or bass) have a built in phase switch?
 
Re: Why does Peavey gear tend to not retain its value?

Didn't Satch jump ship to Marshall? That would explain the inability to use the JSX name.

I just see it as confusing for someone who might not know the history of the two amps if they're looking to get one. XXX=3120, JSX=XXX-II
 
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