Re
glh
>Although I'm not very well acquainted with the market for such a saw, I did buy a 12" Disston back saw a little over a year ago. The saw is at home and I'm at work (not right now though) and I don't remember the model number, but it is an older one. As I recall I paid about that for my saw. To me as a user , not collector (or at least I refuse to admit it), the answer to your question depends on the condition of the saw. My saw was in very good condition. Solid handle, straight and sharp blade, no pitting. It's a great saw. The way I looked at it was that $40-$50 for this saw is probably about $100+ less than a comparable new model and at most I would save $10-$15 dollars by shopping around.
Bottom line is that if it's a "user" and in good condition, $40 is a bargain, IMO.