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

I have 4 and already have more in mind. For me I like the tonal options and a little variety as far as play-ability. Having variety in my tone and play-ability makes me think of the bass differently. Some basses work better with pedals than others. Some of my basses have more mojo than others. I sometimes feel like I'm neglecting some of them if I don't play them for a certain amount of time, but I love them all equally.
 
If it's a money thing, ditch both and snag up a good used MIM P and put the rest of the cash in the "baby on the way" fund.

If you shop hard and wait for the right deal you could drop some additional coin on some pro neck work and hotter pups and still only have around $500 in a very playable, good sounding bass.

The best part is the bag to put over your head when playing it in public will only set you back a quarter or so. :D
 
What would Captain James Tiberius Kirk do?
He'd find a third option
Keep both those beauties
:cool:
I'm more into "What would Skipper do?"

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Speaking from having been in a similar "broke dad" situation, selling a bass for financial need is almost never more than a very short term solution. For example, the rent is due tomorrow so you sell your bass. Then tomorrow, both your bass and your money will be gone, and all you'll have left is regrets for your lost bass and a feeling of dread for next month's rent. That's no way to live. Therefore, I would say that if you have to sell a bass at all, sell the one to which you are least attached. But it really would be best if you could work on your finances in other ways and keep both.
 
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If you're gigging, keep both, the extra versatility of the 5er, both in range and in the electronics, will serve you well, and having a backup is never a bad thing in that situation.

If you aren't, keep both, if you can justify it, in the long run, that will be the solution that makes you happiest. Having said that, going forward, it's probably better to go from one in - one out, to one out - one in... Saves the conundrum yer in now...

If you absolutely have to sell one, I can't help out:

Easy. Sell me the five. :D

So I'll say easy sell me the MIJ. :D
 
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I think I could adapt, and I do like the idea of having a more versatile instrument if having only one. But yeah your logic makes sense.

The more I play and the older I get, the more I distill things down to thinking the regular old one pickup P is the most versatile instrument there is. I have several P-Js, one with a double jazz in the bridge as you have. It can make some different sounds, but honestly, 75% of the time I'm on the P pickup only anyway; the other 25% is just adding a little of the J pickup to add some midrange. A good amp, and the P alone will growl for days. It's just the perfect bass sound.

I have also recently discovered, in going back from 5 str to 4, that the 4 is not only easier, but more fun to play. For what I do, the B string is a very nice thumbrest.

And from what you say, the MIJ is your love. So I'd flip the 5 as you had planned; they are indeed hard to come by so you might make some moola.

But OTOH, your guilt might be talking, what with a new babe on the way. That 5 string you have is a good one, as we have said, somewhat rare, and if it makes you happy, you should perhaps try to put aside the guilt and keep them both. Always have a backup, too. Not kidding about the backup.

good luck!