I'm not sure what your level of knowledge or experience is with tube circuits, it's certainly possible that you could revive it for not a lot of money but it's also possible that it could need close to a 100% rebuild. Time and success being the issues there, not really cost.I wouldn't say it's dirt cheap. He wants 400 "firm". All the other ST 70s around me are 700 and up in ok shape. I'd say most of them are in the same cosmetic condition as this unit but without the crappy mods. I figured for 400 I could spend less than 100 on caps and resistors. I might have to purchase a rectifier tube. I'd have to check my stash to see if I have one. I do have 12AX7s but I do not have spare 7199s.
I don't mind doing the work as I enjoy it and I would like to learn more about the circuitry of this amp in the process. However, I do not want to pour a lot of money into it as at that point I might as well buy a fully functional stock unit.
I wouldn't buy a DOA amp under most conditions unless it were nearly free, I would basically assume that the transformers are no good and evaluate the price on that assumption. While $700 seems typical for a ST-70 there many options for working amps in the neighborhood if price you're talking.
Obviously just my 2c and do as you wish, if you go for it hope it comes out well and you learn a bunch in the process!
