It's nice enough that you can put some time and effort into it and end up with a really great guitar. It's not super valuable, so you probably won't make money on it, but it's not crappy enough that it isn't worth fixing.

As others have mentioned, the biggest question is the neck. If it's intact and straight (actually slightly bowed towards the fretboard), you're good to go. If the neck is cracked or warped, then it's probably not worth it.

You won’t believe how nice that will clean up, if done right…

I love the worn punk look. How does it sound?

Absolutely. It's a perfect excuse to learn wiring, painting, fret replacement, fret leveling, setup. All the skills.

I buy, sell, and trade guitars. It's not worth more than a few hundred bucks. It's an Epiphone. A kid or touring musician might appreciate it.

As long as it’s a set neck neck and the neck is good and straight, it’s a decent guitar.

And no, the corrosion won’t cause a shock.

Ended up selling it for $200. Considering the fact that within about a few hours after posting the ad I had a good 30 different messages, many of them not even bothering to try and haggle(nevermind the low-ballers I would normally get), maybe I priced it too low. Meanwhile I have thousands of dollars worth of my electronics listed for sale at more-than-fair prices, and in two months I haven't gotten a single response from anyone that wasn't a scammer or an extreme low-baller trying to drive the price down.

Search in reverb for a comparable Epiphone Les Paul to get an idea of the value. My guess would be around 300 depending on the shape it's in. (Looks pretty rough but hard to tell from one picture)

You might be able to look up the year it was made etc from the serial number on the back of the headstock.

Cheers and Good luck