yeah, the mute is still intact. if there are no pieces missing from the headstock being banged and bumped, you've definitely scored.
i'm hoping to fall into either a magnum I or II in red one day.
It actually does have a small piece of the headstock missing. Maybe a half inch big on the treble side. Its not really noticeable though and I used it to help get the price dropped some. The rest of the bass is in such fine condition it doesnt really bother me.