My guitar teacher buddy told me to watch out for a T-60. It's the first guitar Peavey made, also the first guitar made by a machine. It's solid ash, and weighs about a ton.

Isn't it hideous?
The very first shop I walked into, I could see it hanging on the wall from 100 ft. away. It's got some minor problems, but it's had some work done it as well (frets, nut, some rewiring). I paid $140 out the door w/soft case w/broken zipper.
It's a good 25 years old, and it feels like it was played every day of it. I'll take pictures of it as soon as it's presentable/I get another camera.
I'm going to do some drastic experimenting with my Squier (it'd make Abecedarian blush), and if that goes well, I'll do the same to the T60.