How much would a reasonable price be for a complete, running 11/70? They just don't pop up that often.
"It depends" is of course a correct answer, "whatever two people agree to" is another answer that is correct.
If you have and don't want or want and don't have a 70, they aren't all that helpful though.
I'm no expert, but as an owner and parts buyer, here's what I've observed:
Because the 70 is made up of some common parts and some rare parts, the whole can be worth a lot more or less than the sum of the parts, so that does make it a lot harder to pin down than say a 11/44. In particular the floating point and memory subassemblies make a huge difference. No memory means a non-working machine and it's very rare to see memory for sale divorced from the machine. A complete and working(!) machine is worth a lot more than a complete project. The are big and heavy to pack and ship, consider one in your neighborhood worth at least $500 more than one you have to ship.
Front panel $450-750 of a complete/working one, deduct $30-50% for broken or missing parts but still mostly intact.
Timing board, some FPU boards $200+/ea
Other CPU boards, $50-100/ea
Unibus boards $5-100/ea
Power supply bricks $20-60/ea on condition.
PS racks $50-100/ea
Chassis/backplane $50-500
rack w/o skins $100-200 w/skins might be 2-3X.
Header $50-200
memory box cables $50-200
Power controller $30-50
BA11 unibus box $150-400
complete memory box? My guess is a grand easy, could be 2-3K to someone with a CPU who needs it.
A tested, working, complete system, integrated and with peripherals could very easily be a $10-20K thing these days is my guess, and something that appears to the casual observer to be a 70 but is broken and missing important parts could easily be worth under $2K.
That's still a huge range and I'm sure some will have issue with some of my numbers, but they are at least from things I've seen sell in the last few years so not implausible.