The majority of the vintage guitars stolen from a U-Haul truck late last week have been recovered, police say, but two of the instruments are still missing.

Seven guitars belonging to iconic Vancouver rock band 54-40 were taken from the truck parked in New Westminster last Thursday.

The band announced the theft on Facebook the following day, offering a $5,000 reward for instruments guitarist Dave Genn called "priceless."

Genn said the guitars are Fenders and Gibsons that date back to the '50s and '60s.

"They're not your run-of-the-mill, off-the-shelf guitars," he told CTV News on Saturday.

"They're very near and dear to us, personally and musically."

But the show must go on, and while police searched for signs of the missing guitars, the band used loaners for weekend gigs.

Then officers received a tip, which led police to execute a search warrant in a storage unit in Surrey.

Sgt. Jeff Scott said it was there that they recovered five of the guitars, along with other electronic equipment.

"I'm not sure if they knew what was in the U-Haul, but it looks like they had a place to take whatever they were going to steal," he told CTV News.

"We're looking to identify who the suspect was that can lead to a charge, and hopefully recover the other two guitars for the band."

Reunited with his 1957 Fender Esquire on Monday, Genn said he wasn't sure he'd ever get to play it again.

"Its nickname is Fire Breathing Dragon. This is the guitar we were most worried about getting back. It was the most irreplaceable," he said.

"Vintage instruments, certain ones, become your voice as a musician. They become a part of you and your way of communicating musically."

He said the band learned some of the guitars had been recovered Sunday night, and there was a "wave of relief" that swept over them.

"We're very thankful. We're thankful on Thanksgiving," Genn said.

But two acoustic Gibson guitars are still missing: a Dove and an SJ200.

Genn said despite the theft, the band will keep using the valuable instruments on stage.

"These instruments were meant to be played as opposed to locked away in a safe somewhere," he said.

Details on the guitars and the reward are available on the band's Facebook page. Anyone with more information is asked to contact police at 604-525-5411.

With a report from CTV Vancouver's Shannon Paterson