Not hardly.
I buy and sell cues all the time. A beat up old cue is alot tougher to sell. If you are going to playwith it I might not do anything with it, but when you are ready to sell, if it has issues, a good refinish by either Scot at Proficent or Ryan at Muellers is ALWAYS money well spent.
One of the ways I make money or get better cues by trading is taking in these tired dogs. A usual deal for me is to buy a cue by a good cuemaker and getting another shaft made or a refinish or whatever.
One that comes to mind is a Bob Owen cue I bought, I paid $400 for it with one shaft. I sent it to Bob and had a second shaft and a refinish and I sold it for $1100 cash. I am thinking I made $500+ on cue.
Another thought, at least for me, is everything you have in your bag should be ready to sell. I sell alot of cues when I am at a pool hall and someone sees the cue I am playing with at the time. If it is a beat up dog, that sale will walk away. But I try to have the cues I am playing with in "SALE" condition if that makes sense. Buyers I have found want to buy immediately and do not have the patience or the vision to see what the cue will look like after a refinish.
That is what I have learned, and looking at the signature below you can see the cues I currently have and I have about $5000 in all of them.
Ken