I got one new in '97, and it was my only amp until earlier this year. They are outstanding amps IMO, to say the least. I love the tone, and it has been 100 percent reliable.
That said, they were $500 new, and they have never been hard to find or in big demand. The way I see it, they shouldn't go for any more than $350 now, in great condition. I'd pay no more than $150 for one with possible electronic issues, if the cosmetics were clean...and I'd have to know exactly what the problems were even to pay that much. If it wasn't clear what was wrong, I might pay $50 to $100.
They were not discontinued 20 years ago. They were still pretty new at that point. I believe that they were being manufactured continuously from the mid '90's till maybe 8 or 10 years ago.
They also aren't what I would call *heavy* – only in the relative sense, compared to today's lightweight amps. They're about 65 pounds, but awkwardly thick, and with a mediocre handle.
I cured the problem of the cardboard tubes falling off of the plastic port flanges 20 years ago by gaff taping the tubes to the flanges. That tape still holds today.
I added the proper Ampeg casters at some point (the amps came with the caster receptacles, but no wheels). The caster receptacles eventually blew out of the particle board cab, and I haven't bothered to fix this yet (but I will get to it some day).
Other than that, the amp is cosmetically kind of trashed, but has never had a functional problem of any kind. It's been all around the country multiple times, and has had close to 1,000 gigs put on it. It lived in my trunk for years straight at times – no joke. It's still 100 percent stock, right down to the rubber feet and power cable. And yes, even the light still works.
Needless to say, I highly recommend this amp.
Here's mine with my bass, about 4 years ago, before departing on a 30-day, 8,500 mile tour by van.