Mine was not in as good of cosmetic shape as this one... But I bought it in tip-top running shape nicely refreshed from Mike T for $500
I rode it a couple hundred miles, then drained the gas and stored it for about 3 years when NC changed their moped/scooter laws and ruined my fun.
I sold it for $300 in 'ran when parked' condition to a forum member.
As purchased:
As Sold:
I think moped values are down in general because so many states enacted tag/registration/license requirements during the ongoing War On The Poor