Sold at auction for £50.00 I believe.
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what is the value of a Gretsch banjo, serial number 58036?
What is the value of a 1926 Gretsch Tenor banjo?
The Banjo Hangout - Forum Section - Collector's Corner www.banjohangout.org
probably not as much as you paid retail.
Sears banjos in the late 1800s to early 1900s were made by several different makers and of various quality. Some of them were very good and others not so good, so the value varies tremendously. I would advise you to take the banjo to a reputable dealer in vintage banjos for an accurate appraisal.