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1951 Fender Nocaster serial number 1751(Est. $40,000 - $60,000). Butterscotch with black pickguard, neck date “5-10-51 T.G.”, no body date, with original thermometer case. Guitar has replaced volume and one tone pot but originals are present. This guitar was personally gifted to Les Paul by Leo Fender who signed the back of the headstock “Leo Fender.” The guitar is uncharacteristically light weighing only 7.4 pounds. One of Les Paul's personal items being auctioned off in 2012.more