Are you talking US dollars? A current gen goes for approx $90, 5th gen ~$110, fourth gen, maybe 10-15 more than a 4th. So, if there's nothing special about, then no, it's not worth it. I'd pay no more than $110 for a 4th gen L1...unless it was red maybe.
i paid more than $110 for my 4th gen red L1. but no where near $275!
and to me its worth every penny, its quickly become my all time favorite.