If he is having them all extracted and full dentures made he should be able to find somewhere that will do that for much less than 50K (closer to 8-10K), and if he went to a dental school to have the work done it may cost as little as $2500-3000. This is all assuming the lower teeth we can't see are all in as bad of shape as the uppers and need to come out.
We see these types of cases all the time, usually it is due to previous drug abuse or a very sugar-rich diet (often times the person sips soda constantly throughout the day).
-Rhett
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