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Grado controls pricing like nobody's business, so shop around. I've had my SR125s for about 15 years. I sent them back late last year because one of the drivers was distorting and for around $30, they refurbished them so that they sound like new. They're my favorite cans.
Yeah, I sent in a pair of SR 60's years back and they returned them with excellent working order. I think they charged me enough for postage and twenty bux or so.