Back in the mid-90s I went to a local store to try out some basses. I was looking for something interesting, but to use as a benchmark, I played a regular old MIM Precision they had there. Well, after side-by-siding it against a number of other (more expensive and "cooler") basses, my biggest surprise was that that MIM Precision blew them all away. (Although, from a financial perspective, I sometimes wish I'd bought the Fender Performer they also had---it would have appreciated a lot by now! But the P-bass played and sounded better.)
I've still got that bass, and it still surprises me with how good it sounds---I've had some pretty good aftermarket pickups in other basses, but that one sounds as good or better than any of the others with the stock '92 MIM pickup in it. I've since found some other basses I like even better, but nothing has amazed me with great feel and tone in an unexpected place for a relatively low price like that old MIM.
Here it is from a gig last year:
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