For 300.00 he could get a brand new Les Paul knock off...on a used Hohner, I think that is beyond ridiculous. As others have said, 150.00 MAX, and that's in really good condition.
It's not an investment, because the guitar will never be worth much. If he reeeeeally likes it, tell him to offer the guy 150.00. But don't pay 300.00 for a 150.00 guitar.
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 Die Donks, DIE!! 
Holy Crap fellas!!! We did it!!! THREE TIMES!!!
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