Under $400
Pinball machines under $400 usually consist of electro-mechanical pinball machines and less sought after solid state machines from the late mid to late 1970s even into the early 1980s. Although this "economy" section of pinball machines might not be as sought after, the game play of many of these machines is as equally fun as the more collectible machines. If you are looking for a pinball machine to complement your gameroom and you don't have a particular pinball machine in mind, these make great "starter" pinball machines and generally hold their value.
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Gottlieb elector-mechanical (EMs) and System 1 solid state machines, Stern, and some electro-mechanical Williams routinely fall into this price range as well as some more collectible titles that have excessive playfield wear or peeling backglass. Working titles in this price range are not very collectible so they are sometimes more difficult to resell; however, these are solid bargains and buyers are generally not too hard to find.
Sometimes a non-working pinball machine of higher collectibility and value will fall into this price range, but be sure you know what you're getting into before buying non-working pinball machines. Replacement board sets can cost near the retail value of a working pinball machine and if a mouse has chewed through the wiring harness or there's been smoke damage inside, you'll be hard pressed to get it working again for less than waiting and buying the same title in a functioning pinball machine.
Some of the "toy" pinball machines fall into this category as well as some "home" models sold back in that era. These machines are generally smaller than full size arcade version and don't accept quarters. These machines should be avoided as they don't have good resale value and aren't built to the same standard as the arcade version.