PAUL SCHWIEGERAHT: I have a vintage guitar.

It was custom made for my mother--

RICK HARRISON: OK.

PAUL SCHWIEGERAHT: --Peggy Eames,

who was in "Our Gang" comedies.

RICK HARRISON: Really?

Cool.

Well, yeah.

It was "Our Gang" for years until it went on television.

Then it was "The Little Rascals."

PAUL SCHWIEGERAHT: Correct.

RICK HARRISON: And this was your mom's guitar?

PAUL SCHWIEGERAHT: Yes.

So one of a kind Gibson.

CHUMLEE: You sure this ain't a Peggy?

[LAUGHTER]

RICK HARRISON: When was she on "The Little Rascals"

or "Our Gang"?

PAUL SCHWIEGERAHT: They were just forming it up in 1925.

She won a contest with a trip to Hollywood

to go and try out for "Our Gang."

So she got in with the "Our Gang" bunch while they

were still doing silent movies.

This was one of her "Our Gang" movies, "Seeing the World."

She's right here.

RICK HARRISON: OK.

CHUMLEE: Those are some pretty cool pictures.

RICK HARRISON: "Our Gang" was one of the longest

running film series in history.

It appealed to people of all ages,

even though it featured kids.

Funny enough, to get the kids to remember their lines,

a director used a trick.

He would explain the scenes as carefully as he could.

And then he would film the kids as they play acted their lines.

So do you have any pictures with her with the guitar?

Yes.

RICK HARRISON: All right, there we go, right there.

PAUL SCHWIEGERAHT: Here's where she starts playing the guitar.

When she got too old to be in "Our Gang,"

she started doing stage acts--

singing, dancing.

She wanted a guitar to do her act.

She went to Gibson.

It's probably one of the first SJs, Super Jumbos,

that Gibson made.

RICK HARRISON: Really?

OK.

CHUMLEE: The guitar is bigger than she is.

RICK HARRISON: So you know what year she bought the guitar?

We have had people look at this and say that it's a 1938.

RICK HARRISON: I mean, literally, Gibson guitars,

even from the beginning when the company was called

Gibson Mandolins, they used the best

woods, the best construction.

You don't see a lot of pre-war Gibsons anymore.

You just don't.

Most of the ones bought were bought

by professional musicians, and they beat them to death.

PAUL SCHWIEGERAHT: Yeah, when kids started arriving,

it stayed in the case pretty much.

RICK HARRISON: I mean, it looks in absolutely great shape.

So what do want to do with it?

PAUL SCHWIEGERAHT: I'm looking for a value of $75,000.

RICK HARRISON: OK.

A pre-war Gibson is a rare find.

I mean, I've paid as high as $90,000 for a Gibson in here.

And if this is a real 1938 Gibson Super Jumbo,

it could be worth a ton.

Do you mind if I call somebody up to take a look at it?

That'd be very good.

RICK HARRISON: I am going to go give someone a jingle.

I'll be back.

We have a really early Gibson, potentially at 1938.

Wow.

That's an early, early, early one.

Well, if it's a '38, it's a Super Jumbo.

That's the first year that they made these.

And it came to be one of Gibson's most famous guitars.

Everybody has played and recorded with a Super Jumbo--

Neil Young, The Who.

So to have a first year of production, that's a big deal.

The '38 Super Jumbo is one of the most iconic

sounding guitars there are.

It was loud.

It had a really nice mellow low end to it.

They even make a reissue of the '38 the first year because it's

such a significant guitar.

Yeah.

This is a 1938 for sure.

It's got a D for the letter, and that is only used in 1938.

RICK HARRISON: All right.

JESSE AMOROSO: It's a Super Jumbo.

That's super cool.

[LAUGHTER]

The custom work on it, that makes it really cool.

Who was she?

PAUL SCHWIEGERAHT: Peggy Eames, my mother,

started out in the "Our Gang" silents.

And from there, she went into vaudeville

when she outgrew "Our Gang."

JESSE AMOROSO: That is awesome.

"Our Gang" was great.

But she's not super well known.

You guys have any other concerns with the guitar?

No, I think you covered everything, except that

one big one-- what's it worth.

This is probably a $40,000 guitar.

I'll give you $45,000 for the guitar.

PAUL SCHWIEGERAHT: Well, my intention

was that the money would be used as a down payment

on, like, a getaway cottage, call it Peggy's Cabin.

My asking price, $75,000, is really where

I still want to stay on it.

There's very few people in the world

who have enough money to spend on a stock 1938 guitar.

You bump that up to the few guys who buy the custom ones,

it can take me years to sell something like this.

That's what I can do.

I mean, I will go $45,000.

If you were the end collector, is it of interest to you?

RICK HARRISON: That's just it.

I'm not the end collector.

65 would probably move me on it.

I'll go 47.

I assume all the risk after that.

You know what I mean?

I think I'll haul it around a little bit longer.

RICK HARRISON: OK.

If you change your mind, I'm here.

OK, I appreciate that.

PAUL SCHWIEGERAHT: There's a lot more involved here than money.

The family heirloom part of it is real strong.

Maybe during a family gathering once a year at Peggy's Cabin,

it'd be like a memorial.