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Here is an example of a recent estimate of a piano's worth.    

John Geist, piano tuner              web site:          geistpianotuning.com      business phone 415-491-0818                        Feb. 7, 2010

Evaluation of Chickering Grand Piano owned by Cathy Miranker.  Serial number 230009

This is a 5'9" grand piano built in 1970.  Structurally, the case, soundboard, bridge, bench, pedals and action are in good condition.  
The sides of the body of the piano's finish are also in good condition.  The lid has suffered some sun damage and checking as has the fall board.
There are 2 noticible scratches on the lid.   The strings both plain and wound (bass strings) are corroded.  The action is consistent in touch throughout it's range.

While there is no evidence that the action has ever been regulated, still, the playing feel of the action is good.  Throughout the range of the keyboard, the tone of the piano is excellent even though it appears the original hammers, now 40 years old, still reside in the action.  There is little grooving in the hammers suggesting little or light playing in its life span.

The estimate for this piano based realistically on used piano markets today is between $4000 and $5000.   I would recommend this as a good practice piano for a professional musician or composer or an excellent student instrument.  In any case, an excellent value.



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