The serial number indicates that your piano was built in 1984. That makes it 32 years old.
Old pianos have no value just for being old. In other words, prospective buyers are not collecting pianos; they want to be able to play them. Pianos have parts that wear out and must be replaced, and a piano that hasn’t been regularly tuned will not hold a tuning. So, old pianos are at a disadvantage in the market.
Pianos are valued heavily on age after other factors like style, maker and condition. Age will tell you what kind of wear the piano would have mechanically. Even if the outside looks good the internal mechanisms are likely only in fair condition.
If your piano is in very good condition, its current fair market (private sale or auction) value is approximately $800. It should be insured for $2,000.
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