Old Town Question

Kunk35

Future canoe builder
I've got the opportunity to buy an Old Town canoe in pretty good shape for 1800.00 bucks. It still has the ID plate and was built in 1938. Would have to be restored but there are no cracked frame members. The canvas is decent but would need to be replaced. It comes with outriggers, the outrigger bracket, and a rudder, although the rudder is missing the attachment hardware. They said it used to be a sailing canoe, but there is no mast or hardware for that. Seats appear to possibly have been replaced at some point and are in good shape. I'm thinking they were replaced because I just don't see the caning lasting from 1938. I suppose it's possible. I'm familiar with Old Town canoes somewhat, but have no idea of the value they hold. Thoughts?
 
I have seen quite a few fully restored canoes sold for less than that. Unless there is something very special about his canoe, offer less. Consider the cost of new canvas/filler/paint and whatever else it needs to be made good again.
 
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