As a hobbyist I have always been frustrated with the price of used Macs, even ones that weren't even usable anymore. I just wanted an old G3 or Quadra to goof around on, and guy still wanted $600 for them. C'mon!
Keep hunting around. I was able to get my "dream Mac" of 15 years ago (a PowerBook Pismo G3 with max RAM) for just over $100. Still works fine and was a nice separate screen for chat or distraction free writing with WriteRoom, at least until Dropbox discontinued PPC support this year.