Gibson 1980 guitar and bass catalog. Page 26. Details of the L-5S. The L-5S was a very fine guitar indeed, well-made and highly appointed. Naturally it was on the higher end of the gibson price scale, with a 1980 list price (US, July 1st 1980) of $1249.
July 1980 US price was $1049 in both Natural and Antique Sunburst finishes.