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Over valued 70's P-bass?

Lately I've been seeing a lot of ads up for Fender p-basses circa 1970-79 at values between $3500-$7000. I suppose you could get a good one but are people over valuing these things? They obviously have the right to ask what they want to but I have trouble believing the basses are worth the price I ask out of curiosity as I've never played anything older than an '86 and to me it wasn't any different than my 2015. Does anyone have experience with 70's vintage P's? Am I missing something?
 
The best advice I can give you regarding older Fender basses is play them first, you could get lucky but there are a lot of duds out there too. I recently played a mid 70's P bass at a shop that really was not that good and even though it was priced better than most of what you see on the internet shops comparitively , I still wouldnt have bought it just because it was a 70's Fender bass, its because it weighed a ton and it just didnt sound or play that great. I take into account what works for others might not work for me so if your able to get your hands on it first that would be better IMO
 
Later ’70s is a period that has a reputation for being very heavy and having sketchy quality control when it comes to Fender (and most big guitar companies, actually). Even so, there are some real winners mixed in. My ’78 P bass is medium weight and well made but I’ve played quite a few that were boat anchors, had warped necks, sloppy neck and pickup routes, etc…. It’s just the luck of the draw.

What an instrument is worth is what someone is willing to give it up for and someone else is willing to pay for it. I think there are some buyers out there with more money than sense but if they’re really nostalgic for the seventies, who am I to tell them they’re wrong?
 
Lately I've been seeing a lot of ads up for Fender p-basses circa 1970-79 at values between $3500-$7000. I suppose you could get a good one but are people over valuing these things? They obviously have the right to ask what they want to but I have trouble believing the basses are worth the price I ask out of curiosity as I've never played anything older than an '86 and to me it wasn't any different than my 2015. Does anyone have experience with 70's vintage P's? Am I missing something?


No one really answered your question, yes, anyone that pays much more than $3500.00 for any even early 70's Fender P is nuts.
 
Lately I've been seeing a lot of ads up for Fender p-basses circa 1970-79 at values between $3500-$7000. I suppose you could get a good one but are people over valuing these things? They obviously have the right to ask what they want to but I have trouble believing the basses are worth the price I ask out of curiosity as I've never played anything older than an '86 and to me it wasn't any different than my 2015. Does anyone have experience with 70's vintage P's? Am I missing something?
None of us wanted one back in the day. Too heavy. They didn’t sound “right”. Hugh issues trying to get to the bottom. There are plenty of better Fenders out there at better prices. Avoid CBS era instruments. While some are nice, a lot sound terrible.
 
I've owned a few p-basses. Japanese, USA, Japanese Squire, MiM. To date the best of them is the MiM. I suppose it will be like that with 70's p-basses too; you just have to find one you like or they are all over priced. I just see what people are asking and think, "is it a magical p-bass?" Does everyone have "a unicorn". Something about the MiM is a keeper. Light, beautiful contours, nice grain maple neck, actual Rosewood fretboard. Pluck a string and every inch of it just vibrates and hums. I'm not nostalgic.
 
Lately I've been seeing a lot of ads up for Fender p-basses circa 1970-79 at values between $3500-$7000. I suppose you could get a good one but are people over valuing these things? They obviously have the right to ask what they want to but I have trouble believing the basses are worth the price I ask out of curiosity as I've never played anything older than an '86 and to me it wasn't any different than my 2015. Does anyone have experience with 70's vintage P's? Am I missing something?

No one really answered your question, yes, anyone that pays much more than $3500.00 for any even early 70's Fender P is nuts.

Imagine $7K o_O
 
I started playing in the 70's. The P bass was everywhere, and I wanted one. I was probably too young to be aware that there were quality control issues. It's not something I ever really heard back then. All the ones I played seemed fine to this young player.

For me, the coolest thing about the 70's Fender is the TV logo. Other than that, no interest. If Fender would go back to the pre 2016 American Standard design, with that 70's logo, I'd be all over one.
 
When it comes to any vintage instrument, don't confuse 'vintage' with old, tired, and pretty much average for its age.

For the thousands and thousands of instruments Fender, Gibson, Martin, and so many more have made, there's only a handful of models that command nosebleed prices and are sought out by the real collectors. General Motors made literally millions of vehicles, and while a '63 split-window Corvette commands top of the market prices for the best ones, they made thousands of cars in 1963 that are just old, tired, average cars, the majority of them long ago having been crushed. Guitars and basses are the same way.

I don't automatically write off all 70's Fenders as 'CBS junk', there are some good ones, but to my mind, NOWHERE near $7,000.00 good. Not even close. Not even.