I'm not sure where these Hondos where produced but build quality and style looks exactly like the basses that came from the Matsumoku factory from that era. This is a rather upscale Hondo in that it has a solid wood body and it came from the factory with Grover tuners, string through body bridge and skunk stripe neck with the "bullet nut" truss adjustment on the headstock (which is very easy to use). No issues, everything works perfectly.
As far as the condition, it has very, VERY MINOR fretwear. It has it's share of light dings and dents around the perimeter of the body but nothing really bad. There's a few on the back as well but no buckle rash or anything. There's one ding on the back of the neck but I never notice it while playing. Considering it's age, it's in very nice condition, played but not abused.
The original pickguard was cracked and ugly. I replaced it with the abalone pickguard from WD music which was about $75. I also made the mammoth ivory tugbar. You won't see many like it
Overall it's a rock solid, well made, nice playing P bass that's taken a nice yellowish age over the years. 9.5 lbs on my very accurate fishing scale.
$400 OBO, paypal, no trades.