*UPDATE*
Went out to look at the machine. There is a chip taking out of the top right side of the back box. Its probably about 2 inches by 2 inches and about 1/8th of an inch deep. It has been spot painted black. The playfield is lightly faded. There is a warped playfield piece just above the left flipper. It has mylar on the playfield. There are some minor marks to both sides of the cabinet. Only one light bulb out that I saw.
The pin was powered up, but the start button didn't initiate a game. He said he is going to correct it and will ask me back out to play it if I so desire.
He says he has owned the machine for 24 years. He has the original manual and what looked like a purchase receipt that I did not get to look at. I don't believe he is the original owner, but one of very few possibly. We didn't discuss price yet, but he said that when he looked around online, he saw them listed for anywhere from $750-$5000.
What are your thoughts? How much would you offer?
Just got the text, he says he has it fixed, going to be heading back out there to take a look at it again soon.