I have one that I acquired in the mid nineties from a friend for $25 US. The tuners were shot and I replaced them for about $15. I believe these Guitars were made in the 70s and 80s and were considered to be entry-level student models. They are of plywood construction and built fairly well with the exception of the shoddy tuners that Yamaha used. I have seen them for sale for less than $100.
I play Classical Music and I love mine. It has a very sweet, seasoned tone and plays very well. I preferrer playing it over my $1300 Cordoba mostly because I prefer the rounded neck to the rather square neck that most higher end classical guitars have.
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I have heard from several reliable sources that he is. He was playing a cheap classical when he recorded his album "Guitar Man" and a mutual friend has said that he was on the quest for a really good quality classical guitar.
Classical guitars can be a good starting guitar because the string tension is low which will make it easier to press down on the frets however, the width of the neck on a classical is generally wider than most other guitar which makes it hard for younger children and smaller hands to reach around the guitar.
It is worth twice as much as half
The best way to get those E notes is to use a piano. Another way, just as good, is to use another tuned guitar.
A classical guitar IS an acoustic guitar. Now, if you are asking, "How can I make a classical guitar sound like a steel-string flattop guitar", the answer is: You can't. The only way you could approach that is to put steel strings on the classical guitar, and if you do that, you WILL, not "maybe", FOR SURE, destroy the guitar. In fact, the bridge may pop completely off the guitar while you are tuning up for the first time. If you want steel-string sound, get a steel-string acoustic. Please don't ruin a perfectly good classical trying to get that sound. This is 45 years of being a guitarist talking, here.