C.F. Martin & Co. D-28 Price Guide

The Martin D-28 is the definitive flat-top acoustic guitar. Introduced in 1931, the dreadnought body size and spruce-over-rosewood construction set the template for acoustic guitars worldwide. Pre-war D-28s (pre-1946) with scalloped bracing are among the most sought-after acoustic instruments in existence.

Produced: 1931present

📖 Buyer's Guide

Pre-war Martin D-28s command massive premiums — expect six figures for excellent examples. Post-war non-scalloped bracing D-28s from 1947-1969 are excellent players. Look for cracks in the top and back, repaired headstocks, and replaced tuners. Brazilian rosewood (pre-1970) vs. Indian rosewood significantly affects value.

Value by Year

YearExcellentVery GoodGood
1931$200,000–$400,000$120,000–$200,000$70,000–$120,000Full Details →
1933$175,000–$350,000$105,000–$175,000$62,000–$105,000Full Details →
1934$150,000–$300,000$90,000–$150,000$55,000–$90,000Full Details →
1935$145,000–$290,000$88,000–$145,000$54,000–$88,000Full Details →
1936$140,000–$275,000$85,000–$140,000$52,000–$85,000Full Details →
1937$130,000–$260,000$80,000–$130,000$48,000–$80,000Full Details →
1938$125,000–$250,000$78,000–$125,000$46,000–$78,000Full Details →
1939$120,000–$240,000$75,000–$120,000$45,000–$75,000Full Details →
1940$110,000–$220,000$68,000–$110,000$42,000–$68,000Full Details →
1941$100,000–$200,000$62,000–$100,000$38,000–$62,000Full Details →
1942$90,000–$180,000$55,000–$90,000$34,000–$55,000Full Details →
1944$60,000–$120,000$38,000–$60,000$22,000–$38,000Full Details →
1945$28,000–$52,000$17,000–$28,000$10,000–$17,000Full Details →
1946$25,000–$48,000$15,000–$25,000$9,000–$15,000Full Details →
1947$18,000–$35,000$11,000–$18,000$6,500–$11,000Full Details →
1948$16,000–$32,000$10,000–$16,000$6,000–$10,000Full Details →
1950$14,000–$28,000$9,000–$14,000$5,500–$9,000Full Details →
1952$13,000–$26,000$8,500–$13,000$5,200–$8,500Full Details →
1955$12,000–$24,000$7,500–$12,000$4,500–$7,500Full Details →
1958$11,000–$22,000$7,000–$11,000$4,200–$7,000Full Details →
1960$10,500–$21,000$6,800–$10,500$4,100–$6,800Full Details →
1962$10,000–$20,000$6,500–$10,000$4,000–$6,500Full Details →
1965$9,000–$18,000$5,800–$9,000$3,500–$5,800Full Details →
1966$5,000–$10,000$2,750–$6,000$1,750–$4,000Full Details →
1968$8,000–$16,000$5,200–$8,000$3,200–$5,200Full Details →
1969$8,500–$17,000$5,500–$8,500$3,300–$5,500Full Details →
1970$4,000–$8,000$2,500–$4,000$1,500–$2,500Full Details →
1973$3,800–$7,500$2,400–$3,800$1,400–$2,400Full Details →
1975$3,500–$7,000$2,200–$3,500$1,400–$2,200Full Details →