The M-504 has a solid reputation as a hefty, high-current power amp from Onkyo’s better era, and this asking price looks ambitious against the recent used market. With a median of US$1,100, a 25th percentile of US$997, and a 75th percentile of US$1,450, US$1,500 sits just above the top of the normal range, so it needs something special to justify it.
If it’s truly clean, fully original, and recently serviced, there’s still appeal here: these are respected for drive, authority, and a big, composed presentation. That said, at this level a buyer should want evidence of care, since vintage power amps can hide age-related service needs; without standout condition, accessories, or maintenance history, this is more of a premium ask than an easy buy.
Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.