I surmise there's no real cut and dry answer, as people's needs, wants, and situations are different, and "value" is subjective thereupon.
Let's use a common analogy: say you have two classic cars. They are the same make, model, color, option package, etc etc, and are essentially identical in every outwardly visual, functional, and conditional way. Let's also say they are the same price.
Now let's say the only difference between them, is car #1 has its original drivetrain and other items. It's fine and runs good, and by all appearances should continue to do so... but there's no escaping this older original drivetrain IS old... and likely has some typical flaws and points of failure... nothing major, but typical. Who knows how long this all-original drivetrain will continue to last in that state? Car #2 has some mods: new engine components (or possibly a whole new motor that may or may not be the original type), upgraded electricals, better brakes... nothing you would really notice in normal day-to-day use. But they are there, and are a known new quantity which should be more reliable, perform better, etc.
These two nearly identical cars, again, are for sale at the same price.
Enthusiast #1 prefers old cars in their original state of intent in the original market at the time in which they were sold, representing the technology and engineering, for better or worse, of their era.
Enthusiast #2 prefers old cars that represent their eras and features with the stylings and themes and memories of their time, but likes to drive and enjoy them with a minimum of fear and maintenance.
Neither philosophy is necessarily wrong. But you can clearly identify the right and wrong choice for each.
Another way to look at this, using pins instead of metaphors, is the "value" of a restored vs. unrestored pin. Do people value originality or functionality, and where does the line between them blur? Every case is different.
Personally, I appreciate all-original things, but I also prefer to be able to actually use them with minimal stress. A tastefully functional repair or upgrade that is otherwise reversible is the best thing to me, and may be more valuable (to a point) than a roll of the dice.