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Help me identify this no name J Bass

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Hi all! Saw this fellow on the local swap. Looks like it could be a fun project if I can get it cheap enough. Can anybody figure out what it is? Worth anything? Worth playing around with or just firewood? He says he thinks it's a "magnum" can't find anything on that. Thanks guys for any info! Oh, he's asking 150. I'm thinking 80 tops.