I think the Kalamzoo's had a plywood body and were a cheap import, though I'm not entirely sure. Personally I would pass on that because the majority of the guitar world doesn't even know what the "Kalamazoo" brand is.
Endorsed by Dean Guitars 07-10
2003 Gibson Flying V w/ Moon Inlay
2006 Fender All-American Partscaster
SVK ELP-C500 Custom

1964 Fender Vibro Champ
1989 Peavey VTM60

[thread="1166208"]Gibsons Historic Designs[/thread]
on paper as a collectable it might be worth that much but if you actually plan on playing it then probably not so much.