On closer inspection, one speaker must have been sitting upside down on wet carpet, because there is water damage on top. Idiot! The bases extend 1/2" below the veneer edge and would have prevented any damage if sitting right side up. I listened to them for a good 3 or 4 hours. Quite nice sounding actually. Rich bottom end but lacking a little detail in the highs, but that's typical for soft dome tweeters of that era. Would be nice for a beginner hi-fi setup or spare system.
Question is, what are they worth with water damage? Drivers are fine but cabinets need a lot of work. 2 chipped corners on one, and the water damage swelled the top panel so that the veneer is 1/16" higher than the edge panels. To restore these I would have to plane the veneer top flat and glue new walnut veneer down, rebuild the chipped corners and patch with veneer, and then refinish all surfaces. It's within my abilities, but with speakers condition is everything. I don't want to insult him with a low ball offer, but in this condition I don't think they are worth more than $50? Any comments appreciated.