Are you sure it is not a dot deluxe. I don't remember a wine red burst in the Sheraton. Of course not to say that there isn't a special edition out there.
If it is a Sheraton it would have a very detailed headstock with a vine on it.
and full inlays in the neck. Depending on what year and country of origin, it might be a diamond in the rough. I would say at 400 to 450 with the hardshell case it might be a decent guitar.
The gold hardware is more of a goldtone, and comes off easily, but don't sweat that. If is is a Sammick built it will be one fine Guitar. The first digit of the Serial will be an S.
A lot of guys will use them as a base for a budget 335 by changing the electronics and pickups. And remember Epiphone had the 335 body style long before Gibson.
I personally like them better than the Dot because they have all the extra binding. The necks are really nice and they play smooth as silk.
I have owned two. One in Ebony and one I still own in Natural. I also own a Gibby 335 in ebony and the Sherri stacks up very well with the 335.
The Blues is alright!
Guitars: 1968 Gibson SG, 2005 Gibson SG Standard, 2006 Gibson LP Classic Gold top, 2004 Epiphone Elitist LP Custom, 1996 Gibson Les Paul Standard. 2001 Epiphone Sheraton II, 2007 Epiphone G400.
Fender Strats: 1996 Fender 68 Reissue CIJ, 2008 Squier CV 50s, 2009 Squier CV 50s Tele Butterescotch Blonde
Amps: Blues Junior Special edition Jensen in Brown Tolex with Wheat front, 65 Deluxe Reverb reissue,1970 Sonax reverb by Traynor, Avatar Custom 2/12 Cabinet with Eminence Legend V1216 speakers,
2008 DSL100 Marshall Amp , Fender Super Champ XD,Fender Vibro Champ XD
Effects and Pedals: Fulltone Fulldrive II, Fulltone OCD, Fulltone Mini Deja Vibe, Fulltone Fat Boost, Dunlop Crybaby Wah, Boss DS1, Boss DD20 Giga Delay, Boss TU2 tuner, Boss BD2, Ibanez TS9 Tube screamer, Zoom 505. Radial tonebone hot british.