Pricing and availability

We compare 600+ stores and found this item at 5 stores. Prices updated .

Sweetwater
5.0 (1)
$19,999.00
Guitar Center
$19,999.00
Reverb
5.0 (1)
$99,500.00 3 available Used
Musician's Friend
$19,999.00
Thomann
$22,490.00 $21,090.00 $1,400.00 · All time low

Average Price: $36,117

High-end/Boutique

$100

$501+

Price Tier

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Standard

High-end

Price History

Based on price data from 4 merchants for "1923 Gibson F-5 Mandolin". Prices shown reflect NEW condition. Tracking began Apr 2, 2026.

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Description

Step back in time with the 1923 Gibson F-5 Mandolin, a cornerstone of musical craftsmanship that resonates with history and rich tonal depth. Known as one of the most sought-after mandolins of the 20th century, this instrument is a testament to the genius of Lloyd Loar, whose designs during the early 1920s defined the standard for mandolin excellence. While these mandolins often require careful restoration to meet modern playability, the result is a robust and expressive range of tones that captivate musicians and audiences alike.

Crafted during the golden era of Gibson's production, the F-5 Mandolin combines exquisite craftsmanship with a timeless aesthetic. Its distinctive scroll and symmetrical body are not just visually striking, but also contribute to its resonant sound. The meticulous design and hand-carved details ensure that each note is delivered with clarity and warmth, making it an ideal choice for both traditional and contemporary genres.

Musicians like Chris Thile, John Paul Jones, and Mike Marshall have all been known to wield this iconic instrument, a testimony to its enduring legacy. While each mandolin's value and sound may vary due to factors like tone, production date, and specific appointments, owning a 1923 Gibson F-5 is nothing short of possessing a piece of musical history.

Key Features:

  • Designed by famed luthier Lloyd Loar
  • Notable players include Chris Thile, John Paul Jones, and Mike Marshall
  • Known for its robust and expressive tonal range
  • Features distinctive scroll and symmetrical body design
  • Requires restoration for modern playability

Product specs

Brand Gibson
Model Lloyd Loar F-5 Mandolin
Finish Sunburst
Year 1923
Categories Mandolins

FAQs

What makes the 1923 Gibson F-5 Mandolin special?

The 1923 Gibson F-5 Mandolin is renowned for its association with Lloyd Loar, who signed this model, ensuring its exceptional quality and sound. It's highly regarded for its role in bluegrass music, famously played by Bill Monroe, making it a sought-after instrument for its historical and musical significance.

Is the 1923 Gibson F-5 Mandolin suitable for bluegrass music?

Yes, the 1923 Gibson F-5 Mandolin is considered the ultimate bluegrass mandolin, largely due to its use by Bill Monroe, the father of bluegrass music. Its tonal characteristics and design make it ideal for this genre.

What is the finish of the 1923 Gibson F-5 Mandolin?

The 1923 Gibson F-5 Mandolin features a sunburst finish, which is both visually striking and traditional, adding to the instrument's classic appeal and historical authenticity.

What is the significance of the Lloyd Loar signature on the 1923 Gibson F-5 Mandolin?

Lloyd Loar's signature on the 1923 Gibson F-5 Mandolin signifies his personal inspection and approval, ensuring the instrument's high quality. Loar's involvement is a key factor in the mandolin's legendary status and desirability among musicians and collectors.

Normans Rare Guitars

Normans Rare Guitars

Guitar of the Day: 1923 Gibson Lloyd Loar F-5 Mandolin | Norman's Rare Guitars

Video thumbnail for Guitar of the Day: 1923 Gibson Lloyd Loar F-5 Mandolin | Norman's Rare Guitars by Normans Rare Guitars

Guitar of the Day: 1923 Gibson Lloyd Loar F-5 Mandolin | Norman's Rare Guitars

Normans Rare Guitars

Normans Rare Guitars

Video thumbnail for 1923 Gibson F5 Lloyd Loar Mandolin | Michael Monroe Goodman at Norman's Rare Guitars by Normans Rare Guitars

1923 Gibson F5 Lloyd Loar Mandolin | Michael Monroe Goodman at Norman's Rare Guitars

Normans Rare Guitars

Normans Rare Guitars

Video thumbnail for Feb 23rd, 1923 Gibson F-5 signed by Lloyd Loar played by Sierra Hull by Carter Vintage Guitars

Feb 23rd, 1923 Gibson F-5 signed by Lloyd Loar played by Sierra Hull

Carter Vintage Guitars

Carter Vintage Guitars

Video thumbnail for 1923 Gibson F5 Mandolin played by Sierra Hull by Carter Vintage Guitars

1923 Gibson F5 Mandolin played by Sierra Hull

Carter Vintage Guitars

Carter Vintage Guitars

Video thumbnail for John Reischman plays a 1923 Gibson F-5 Lloyd Loar Mandolin | Peghead Nation by Peghead Nation

John Reischman plays a 1923 Gibson F-5 Lloyd Loar Mandolin | Peghead Nation

Peghead Nation

Peghead Nation

Video thumbnail for 1923 Gibson Lloyd Loar F-5 Mandolin at Norman's Rare Guitars by Normans Rare Guitars

1923 Gibson Lloyd Loar F-5 Mandolin at Norman's Rare Guitars

Normans Rare Guitars

Normans Rare Guitars

Video thumbnail for 1923 Gibson "Lloyd Loar" F-5 Mandolin-Storied Sounds Demo by Reed Jones - Everyman Vintage

1923 Gibson "Lloyd Loar" F-5 Mandolin-Storied Sounds Demo

Reed Jones - Everyman Vintage

Reed Jones - Everyman Vintage

Video thumbnail for 1923 Gibson F-5 Lloyd Loar Mandolin, Maple & Spruce by Dream Guitars

1923 Gibson F-5 Lloyd Loar Mandolin, Maple & Spruce

Dream Guitars

Dream Guitars

Video thumbnail for 1923 Gibson F-5 played by Tristan Scroggins by Carter Vintage Guitars

1923 Gibson F-5 played by Tristan Scroggins

Carter Vintage Guitars

Carter Vintage Guitars

Reviews

Owner Insights

We analyzed real musician discussions from forums and Reddit to find what players love, question, and tweak about 1923 Gibson F-5 Mandolin.

Setup and maintenance

  • The Cox Loar uses Curt Mangan monel medium gauge strings, needing replacement for optimal sound quality.

    Source

Build quality

  • The Red Diamond #356R features a unique lower neck angle, resulting in a shorter bridge than typically found on these models.

    Source
  • The 1923 Gibson F-5 is highly sought after, with prewar models, especially those signed by Lloyd Loar, valued near $125k due to their craftsmanship and historical significance.

    Source

Comparisons

  • The Red Diamond #356R is modeled after the Loar Gibson #73010, mirroring its flexibility and deflection characteristics.

    Source
  • The Northfield mandolins, despite being made in China, are praised for their quality, rivaling even US-made counterparts like Collings, which are more expensive due to labor-intensive carved tops.

    Source

Features and functionality

  • Grogu, the Red Diamond #274R, employs a classic Vintage 24 voicing, inspired by John Reishman's 1924 Loar-signed Gibson F-5.

    Source

User experience

  • The action setup for the instruments is medium to medium-high, requiring some adjustment for players not accustomed to this tension.

    Source
  • Owners note the 1950-1975 Gibson F-5 models are often considered inferior, while other years, especially pre-1924, are celebrated for their exceptional sound and build.

    Source

Value and pricing

  • Modern replicas by respected luthiers like Gilchrist and Dudenbostel are popular among professionals, though they lack the historical prestige of the original Loar-signed models.

    Source

Critic Reviews

Catch of the Day: 1923 Gibson F-5 - Fretboard Journal

fretboardjournal.com

The 1923 Gibson F-5 is a stunning homage to Lloyd Loar's craftsmanship, featuring an exquisite Cremona brown sunburst and sharp f-holes. While the reviewer expresses a personal preference for the F-4's aesthetic, they cannot deny the F-5's beauty and historical significance. Its fine condition and original case further enhance its appeal. Priced at $175,000, it positions itself as a luxury acquisition for serious collectors, highlighting both its desirability and exclusivity. However, it may not suit everyone's taste, particularly those who favor different styles. Overall, this mandolin stands out as a remarkable piece of musical history.

positive

Vintage Vault: 1923 Gibson Master Model F-5 Mandolin - Premier Guitar

premierguitar.com

The 1923 Gibson F-5 Mandolin is lauded as a masterpiece of craftsmanship and tone, often hailed as the holy grail for mandolinists, particularly in bluegrass circles. With its stunning figured wood and innovative design inspired by violin construction, it remains a coveted instrument for serious musicians. However, its astronomical price tag—up to $225,000 for a well-preserved model—could deter many potential buyers. Additionally, while its rich history and renowned sound quality are undeniable, the F-5's limited role in contemporary music may leave some seeking more versatility. Still, for collectors and serious players, its legacy and sound justify the investment.

positive

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Artist usage

Add artist
See how Bill Monroe uses 1923 Gibson F-5 Mandolin

Bill Monroe

Singer

The Monroe Brothers

...
Verified via CMT News

Bill Monroe's iconic 1923 Gibson F-5 Mandolin, a crucial instrument in his career, is highlighted in a CMT News article detailing its placement at the Hall of Fame.

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