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Fair enough.
Damn! Nice score. I would not have bought it without seeing the neck. Taking the neck off is really not a big deal, I don't see why he was so opposed to the idea. He could even have taken it to a tech if he was afraid of messing it up.
I bought it for $4600 Canadian (4300 US?). It included the original case.
After talking to a lot of people, and thinking about it - Frets are pretty much a consumable. Replacing the frets shouldn't affect the value other than to increase the value, as long as the fingerboard doesn't get chipped up from the fret job.
Original frets are sort of "neat", but I don't think they affect the value really. Actually, when you think about it - There are amazing vintage basses, and there are dogs from every year. The really special ones don't sit is a case, they get played. A LOT. I'd be really suspicious of a mint 1964 Fender bass - those are the ones that often are dogs. I'm not saying that if it's in good shape it's no good, as there are a million exceptions, but generally speaking but I'd feel more comfortable buying one over the net that's been played & loved. Crappy basses sit in a closet. Great basses go to gigs.
So, in my opinion a bass that has worn frets is probably a really good bass. It's even better once fresh new frets are on it.
I think that the only time original frets would be a plus would be on a "pristine" bass. Ie it's in mint shape. But you know my thoughts on pristine vintage basses.
It might be helpful to distinguish between "Players" and "collectors" regarding the fret question. A person buying it as for a "player" would probably like to have the frets in great shape. A person buying it only as a "collector", or an "investor", may be more concerned about any changes to the instrument that are not original.