Getting back to the original question of how much is it worth:
From the description and what we know of the seller, I would assume there's a very good chance that this would need up to £400 spending on it to bring it up to good condition (ie $800). Maybe more if it has any damage to body or toneholes.
How much is a TT C melody worth these days, I can't imagine it would be more than $800.
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