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Doug,
A 505 is a 7" electrostatic deflection set (7JP4 CRT). If that is the one in a wooden case with the row of horizontal pushbuttons for the tuner I'd say run don't walk to press $50 into the seller's hand. If that set is halfways nice looking and complete that is a very fair price. It will very likely need a complete re-cap to make it work. I think that model is 1949.
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