Tom, what I'm saying is that these reissues are going for a couple hundred bucks, and they seem like decent guitars! I'd think that the nostalgia thing would make them worth more. I wasn't aware that the original Danelectros were a cheaper breed, but it was obvious they weren't a Fender or a Gibson.
As for cheaper guitars, I've played a lot of cheaper guitars, and some good ones as well. Unfortunately for the most part I play what I can get my hands on. I've performed many a time with piece of shit guitar, and it isn't because I think it's especially cool to use a "non-pro" guitar, it's because I want to play, and I'm not ashamed. What I do think is cool is to be yourself.
It cracks me up sometimes when I see these horrible bands with like 5 Marshall stacks per guitarist in these little clubs. The thing is a lot of bands rely on silly shit like their equipment to justify their credibility. Nice equipment is great, don't get me wrong, but it doesn't in any sense of the word validate your artistry, at least not in my book.