JC120s aren't worth a whole lot, but they're sought after enough that they're worth more than most solid state amps (they have some of the best cleans you can get, period).
As far as the fuses go, I would replace them anyway, because a bad fuse can look ok, but still be fried. Replace the mains fuse first. If that doesn't work, there are other fuses inside.
***The next part comes with a word of caution, so pay attention***
Guitar amps can have lethal voltages in them, due to large capacitors holding a charge. So be very very careful NOT to touch anything inside the amp with your hands. If you have to replace a component, leave the amp unplugged over night to let the caps discharge, and test in various places to verify that there isn't any remaining voltage in the caps/circuit.
That said. You can go get a cheap digital multimeter from Walmart for like $20. Use it to test wether or not power is getting around the circuit. You should be able to isolate the bad internal fuse and/or component. It's possible that there's a bad internal fuse, capacitor, resistor or diode.
But all of that said, I would guess that it's just a bad mains fuse. And they're cheap to replace.