Cat c usually means reducing the value by 1/3 or 1/4 (that's not an empirical measurement) so I'd suggest its worth about 2/3 at most of the price, take into account the colour as well then perhaps 1/2 what he's asking, but the cat c stigma will probably mean a 'no sale'.
I wouldn't touch it with JJ's! (Sorry JJ!!!)
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