The Prototype market is very difficult unless you have papers to support it. Get some clear fingernail polish and carefully cover the serial number on the edge of the board. Washing the board erases that serial number, wish I knew that before I washed my prototype Classic II board because its serial numbers got erased. Still have the EPROMs on the board though.
But a low serial number gives it validation. If not, some can say "It's an LC with EPROMs, Its Worthless!"
Also check the bottom of the case and see if there is a serial number there. Some Macs have them, some don't. If yours does, check if they match the logic board. Either case, I would send the board to Uni, but you can do the PSU recap if you like.
Sounds like the the Hard Drive is toast. Replace it if you can. If you have a System 6.07 on Floppy, check the floppy drive too. The LC can boot System 6 to System 7.5.3. Its a bit slow but it can do it. Give it 8Megs (2 4MB RAM Sticks) and it should give you 10Megs - 2MB it will be blind to. With System 6 - 7.1, you will need Mode32. For System 7.5, it has it's own 32bit addressing.
A Prototype is better to hold on to and then see if somebody wants one, then the price goes up from there. As is if you put it on ebay, you wont get much for it.
But a low serial number gives it validation. If not, some can say "It's an LC with EPROMs, Its Worthless!"
Also check the bottom of the case and see if there is a serial number there. Some Macs have them, some don't. If yours does, check if they match the logic board. Either case, I would send the board to Uni, but you can do the PSU recap if you like.
Sounds like the the Hard Drive is toast. Replace it if you can. If you have a System 6.07 on Floppy, check the floppy drive too. The LC can boot System 6 to System 7.5.3. Its a bit slow but it can do it. Give it 8Megs (2 4MB RAM Sticks) and it should give you 10Megs - 2MB it will be blind to. With System 6 - 7.1, you will need Mode32. For System 7.5, it has it's own 32bit addressing.
A Prototype is better to hold on to and then see if somebody wants one, then the price goes up from there. As is if you put it on ebay, you wont get much for it.