NFI - Musician's Friend's "Stupid Deal of the Day" (which means it's only on sale right now) is around $100 for the Rogue A-style plywood acoustic with a single-coil mounted into the body.
Assuming the fretwork can be made playable, which is a given with these and a good setup, it's a cheap entry into electric mandolin. The pickup and electronics will be sub-par, but easily upgrade-able if you like the neck and how it plays. Being plywood is a bonus for electric as it reduces feedback issues at higher volumes.
https://www.musiciansfriend.com/folk...58848000001000
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