The Complete Peavey Guitar Price Guide 2026: Mississippi Grit From a Teenager's Basement

Last updated: February 2026

Hartley Peavey built his first amplifier at age 15 in Meridian, Mississippi. He spent the next decade being rejected by every music dealer in the South. Not one would carry his products. So he loaded amps into a pickup truck and drove store to store until someone said yes. Peavey Electronics was officially founded in 1965, and that same stubborn determination—build it yourself, build it better, build it in Mississippi—has defined the company for six decades.

While Peavey is rightfully famous for amplifiers (the 5150/6505 defined high-gain rock), the guitar side of the business has produced some genuinely significant instruments. The EVH Wolfgang collaboration with Eddie Van Halen (1996-2004) created one of the most innovative guitars of the 1990s. The T-60 (1977) pioneered CNC guitar manufacturing. And the current HP2 series delivers USA-made quality at prices that undercut most American competitors. This guide covers Peavey guitar pricing across every era—from collectible Wolfgangs to budget Raptors.

Peavey Guitar Market Overview 2026

Peavey guitars occupy a unique market position: undervalued instruments from a company better known for amps.

Key Market Statistics:

• Average Used Peavey Guitar Price: $420 (up 4% from 2025)
• Active Listings: Approximately 2,100 guitars currently for sale
• Monthly Sales Volume: Around 380 guitars sold per month
• Price Range: $50 (used Raptors) to $3,000+ (vintage EVH Wolfgang USA)

The Peavey guitar market is split between two worlds: the EVH Wolfgang collectible market (rising steadily) and everything else (undervalued relative to quality). Both represent opportunities for informed buyers.

The Hartley Peavey Story

From Rejection to Manufacturing Giant

Hartley Peavey didn't come from money, connections, or a music industry background. He came from Mississippi, a state not known for musical instrument manufacturing. What he had was an engineer's mind and a salesman's refusal to accept no.

The Peavey Difference:

1. Vertical Integration: Peavey manufactured nearly everything in-house in Mississippi—transformers, circuit boards, speakers, guitar bodies, and hardware
2. Price-to-Performance Focus: Every product optimized for working musicians on real budgets
3. Engineering Innovation: CNC guitar manufacturing (T-60, 1977), the recessed truss rod wheel (Wolfgang), and groundbreaking amp circuits (5150)
4. American Manufacturing Commitment: Decades of producing instruments in Meridian and Leakesville, Mississippi

EVH Wolfgang: The Collectible

The Guitar That Changed Peavey (1996-2004)

When Eddie Van Halen partnered with Peavey in 1996, the guitar world took notice. The resulting EVH Wolfgang wasn't just a signature guitar—it was a design laboratory.

EVH Wolfgang USA (~$1,500-$3,000 used)

Specifications:

• Body: Basswood with arched maple cap
• Neck: Quartersawn maple
• Fingerboard: Maple or rosewood
• Pickups: Custom EVH humbuckers
• Bridge: Licensed Floyd Rose with d-Tuna device
• Tuners: Sperzel locking
• Controls: Volume, tone (no pickup selector on early models)
• Truss rod: Recessed wheel adjustment (Peavey innovation)
• Made in Leakesville/Meridian, Mississippi

The d-Tuna Innovation: The Wolfgang featured a d-Tuna device that allowed instant drop-D tuning while maintaining the Floyd Rose's locking function. This simple mechanical solution addressed a real player need that no one else had solved.

EVH Wolfgang Standard (~$500-$1,000 used)

Import Version:

• Similar specifications to USA model
• Import construction
• More accessible pricing
• Solid player instruments

Wolfgang Value Trajectory

EVH Wolfgang guitars have appreciated steadily since Eddie Van Halen's passing in 2020:

• USA models: $1,500-$3,000 (up from $800-$1,500 pre-2020)
• Standard imports: $500-$1,000 (up from $300-$600 pre-2020)
• Special editions and early serial numbers command premiums

HP2 Series: $1,499-$1,999

Peavey's current premium USA-made guitar platform.

HP2 BE (~$1,999)

Specifications:

• Body: Mahogany
• Neck: Mahogany, set-neck construction
• Fingerboard: Ebony
• Pickups: Peavey-designed humbuckers
• Bridge: TOM with stopbar
• Hardware: Premium appointments
• Made in USA
• Hartley Peavey's personal vision

HP2 Standard (~$1,499)

Specifications:

• Body: Mahogany or alder
• Neck: Set-neck or bolt-on options
• Quality appointments
• USA manufacturing
• Professional instrument at working-musician prices

Used HP2 Values: $900-$1,400 (excellent condition)

Vandenberg Series: $599-$799

Adrian Vandenberg collaboration guitars.

Vandenberg Signature (~$799)

Specifications:

• Classic rock-oriented design
• Quality pickups and hardware
• Comfortable neck profile
• Stage-ready appointments

Vandenberg EXP V-Type (~$599)

V-Shape Design:

• Aggressive body shape
• Rock/metal focused
• Quality construction

Used Vandenberg Values: $350-$550 (excellent condition)

Raptor Series: $149-$249

Entry-level guitars that benefit from Peavey's manufacturing expertise.

Raptor Plus (~$199)

Specifications:

• Body: Agathis or basswood
• Neck: Maple, bolt-on
• Pickups: HSS configuration
• Tremolo: Vintage-style
• Adequate student instrument

Raptor Custom (~$249)

Upgraded Student:

• Better pickups
• Improved hardware
• More finish options

Used Raptor Values: $60-$150 (model dependent)

Vintage Peavey Guitars

T-60 (~$400-$800 used)

The CNC Pioneer (1977-1988):

• One of the first CNC-manufactured guitars
• American-made with innovative construction
• Built-in coil-splitting on both pickups
• Phase switching capability
• Cult following growing steadily
• Historical significance as a manufacturing milestone

Predator (~$150-$350 used)

1990s Shred Guitar:

• Superstrat body style
• Floyd Rose or vintage tremolo options
• HSS or HH pickup configurations
• Fast maple neck
• Undervalued mod platform

Patriot & Milestone (~$200-$500 used)

1980s American-Made:

• Patriot: Single-cutaway American-made
• Milestone: Student to intermediate instruments
• Solid build quality, underappreciated

Where to Buy Peavey Guitars: Platform Comparison

Online Marketplace Analysis

Reverb (Average Price: $480)

• Best for EVH Wolfgang models
• Active collector community
• 5.0% price appreciation year-over-year
• Best for: Collectibles and vintage models

eBay (Average Price: $360)

• Highest volume of Peavey listings
• Auction deals on common models
• 3.5% price trend
• Best for: Budget Peavey finds

Guitar Center Used (Average Price: $400)

• Physical inspection available
• Good selection of various eras
• 4.0% appreciation
• Best for: HP2 and Vandenberg try-before-buy

Local Shops (Average Price: $340)

• Often significantly undervalue Peavey guitars
• Best negotiation opportunities
• 3.0% growth
• Best for: Hidden gems at bargain prices

Tips for Buying Used Peavey

1. EVH Wolfgang Authentication: Verify USA vs Standard (import). Check serial numbers against known production runs. Original d-Tuna device and Floyd Rose are critical to value
2. T-60 Appreciation: These are increasingly collectible. Check electronics (coil-split and phase switching should function) and neck condition
3. Local Shop Advantage: Peavey guitars are routinely underpriced at local shops because the brand is associated with amps. This is your opportunity
4. HP2 Hidden Value: USA-made HP2 guitars at $900-$1,400 used are genuinely underpriced for American-built instruments
5. Predator Mod Potential: At $150-$350, Predators make excellent mod platforms. Budget $100-$200 for pickups and a setup to create a capable shred guitar

Peavey's Amp Heritage and Guitar Synergy

Peavey guitars are designed to work with Peavey amplifiers—the company thinks in complete signal chains:

Famous Peavey Guitar Players

Artists who chose Peavey instruments:

• Eddie Van Halen: EVH Wolfgang (1996-2004)—the partnership that elevated Peavey guitars
• Adrian Vandenberg (Whitesnake): Signature models
• Misha Mansoor (Periphery): Invective amp collaboration
• Dimebag Darrell: Early career Peavey player
• Joe Satriani: Used Peavey Wolfgang briefly
• Countless working musicians: Peavey's bread and butter

Frequently Asked Questions

Q: Are Peavey guitars good? A: Yes—especially for the price. The brand's association with amplifiers means guitars are overlooked and underpriced. USA-made models (HP2, vintage T-60, Wolfgang USA) offer genuine American quality at below-market prices. Even budget Raptors benefit from Peavey's manufacturing expertise.

Q: How valuable are EVH Wolfgang guitars? A: USA models command $1,500-$3,000, with prices rising since Eddie Van Halen's passing in 2020. Standard imports range $500-$1,000. Both are increasing as collectibles. Original d-Tuna and Floyd Rose hardware are critical to maximum value.

Q: What is the Peavey T-60? A: The T-60 (1977) was one of the first guitars manufactured using CNC machinery. It's a dual-humbucker American-made guitar with coil-splitting and phase switching. Once dismissed as a "budget" instrument, T-60s are increasingly recognized for their historical significance and excellent build quality. Used: $400-$800.

Q: Should I buy a Peavey guitar or just their amp? A: Both. But the guitar market represents an opportunity: Peavey's amp reputation means their guitars are systematically underpriced. A used HP2 at $900-$1,400 delivers USA quality at a fraction of Gibson or PRS Custom pricing. The brand discount works in your favor.

Q: Is Peavey still making guitars? A: Yes, though the current lineup is smaller than historical peaks. The HP2, Vandenberg, and Raptor series are in production. Peavey's focus has shifted toward amplifiers and pro audio, but guitar production continues.

Conclusion

Peavey is the guitar industry's working-class hero. No hype. No Instagram marketing campaigns. No celebrity endorsement circus. Just decades of building instruments in Mississippi with the same engineering-first philosophy that Hartley Peavey brought to his first amplifier at age 15.

The EVH Wolfgang at $1,500-$3,000 (USA) is a genuine collectible with innovative design features that influenced the entire industry. The HP2 at $1,499-$1,999 (new) or $900-$1,400 (used) delivers USA manufacturing at prices that make Peavey the most underpriced American guitar maker. The T-60 at $400-$800 is a piece of manufacturing history that plays beautifully. And the entire lineup benefits from a brand discount that rewards informed buyers.

Hartley Peavey started with rejection letters and a pickup truck full of amplifiers. Sixty years later, his company has built millions of instruments that put music in the hands of working musicians worldwide. That's not a brand story. That's an American manufacturing story. And the guitars are part of it.

For the most current pricing and availability, check authorized Peavey dealers or the official Peavey website. Vintage model prices fluctuate based on collector demand and condition.

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