I saw this cool banjo on ebay that's from the 1800's for only like $200. The only problems are that it has a tear in the head and it has six pegs. I can fix the tear pretty easily, but I'm confused about the pegs. The guy says it's a 5 string banjo, and the other one is extra. That doesn't really make sense though, and I thought the 5th peg has to be in the middle of the neck.
     It's really cool, but I don't think it's worth the risk. I'll keep looking for cool old banjos, but one of the problems is I have no idea what's a collectible or not. All I know is that the most expensive banjos are Gibson's from the 1920's. That's because Earl Scruggs used a 20's Gibson when he performed. I don't really care about that though, I just like having an old instrument. I think it's really neat to play something that old.