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One stays, one goes - which one should I keep?

I lived with one bass for quite awhile and was okay with it. But now I've learned that more than one is better.

The reason is that having a different sound and feel is exactly what you need to keep your playing fresh.

Trust me -I'm right about this
+1...I hate to deviate from your question but here is my two cents- I love the idea of one bass but the fact is that something is possible to go wrong with the one bass, which I have discovered. Let's say your one bass needs work, a luthier or even needs to be sent off for other repair. Leaving you with nothing to play. That's enough to for me to have at least two regardless if you play out live. But I am also a "what if" thinker so some may not agree. To answer the question in your post, keep the four.
 
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I love the idea of one bass but the fact is that something is possible to go wrong with the one bass

This guy knows wassup.

My main squeeze is an Ibanez BTB675. I still have my 4 string Fender zone. It's poor by comparison, but I'll never get rid of it.

Also, while you're comfortable on the 4, I personally feel like 5 strings is 'correct'. I get why it started with 4, but music (and musicality) have progressed. Sure, you can do more with a 6 or 7, but those start to be a lot to handle. I think that, unless you're playing old school basic rock (4) or something crazy (6+), the 5 string is the obvious choice.
 
Keep that 4 banger P. Sell the other. No more "versatile" an electric bass out there than a good 4-sting passive pbass that you really connect with, and that one looks a winner--you can do anything with it.
 
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I know, yet another such post. And yes, I know the best answer is "whichever one you like best." But I feel like I could use some opinions on this.

I've always been a one bass guy – I like to keep things minimal, and because I'm a broke dad (with another coming shortly) I don't have the money, time or space to justify having more than one laying around. My one and only is a rare MIJ P bass that I've only ever seen one of before. It really is a one of a kind, and I'm guessing its market value is in the $900 range.

However, I recently picked up the elusive Fender ADPV and now I am torn. I saw it locally and snatched it up without much thought, since they seem so hard to come by. Figured I'd move it quickly and be done with it. But…I'm starting to wonder if this is the keeper of the two. It's much more versatile, but I've never played a five string and I could get more cash in return for selling this than the MIJ.

TLDR: If you could pick one of these basses as your one and only, which one would you pick?
Keep the Japanese Precision. Period.
 
There are several answers:

1) You can maintain a healthy marital relationship, don't need the cash today and didn't go in debt to buy the ADPV - keep both.

2) You said you bought the ADPV thinking you could flip it for a profit, so you sell that one and keep the MIJ - unless you fell in love with the ADPV.

3) If you find yourself playing the ADPV now and *must* sell, then sell the MIJ. But, you'll regret it later.

If you can, keep both. They're both Fenders and they will hold their value pretty well. Chances are, what you sell them for today will be the lowest price you'll ever get for them. I'm not saying they're investments, the market will yield far more, but they will typically only appreciate in value. At least wait until the beginning of the year when people will start to get their tax returns, thus, more buyers and a higher sale price.

But if you don't need the cash today or must sell for other reasons (wife is pissed), then I would keep both. Don't feel guilty about having two basses unless it's keeping food out of your family's mouth. If this is your first kid, don't freak out too bad. It looks intimidating at first, but it's not too bad. You'll adapt and overcome, everyone else has. If it's number two, freak out. Those little critters will now be able to gang up on you and make your life hell. ;-)