I've been wanting a second Peavey Foundation, an older one with the Super Ferrite pickups. I look all the time but can never seem to find the right one. Seems like 90% of them are black and maple, and I already have that. This thread got me thinking about it again so I bid on a white one on Ebay for $325. Someone got it at the last second for $330. I was disgusted and ready to quit looking then I remembered someone told me to check out Facebook Marketplace - never used it before - I always use Reverb, eBay, and Craigslist.
I checked marketplace... and there it was. A 1989 Peavey Foundation with rosewood fret board, super ferrites, red with matching red headstock! Super cool looking! The seller answered my inquiry immediately and came down to $220. He lived nearby and said lets meet and do the deal right now. So about an hour after first looking at Marketplace, I had a 1989 red foundation!
The bass was a mess, but I like working on them so no problem. So far ...
(1) It was super dirty and grungy. Wiped the entire thing down with alcohol.
(2) Pots were loose. Tightened them up.
(3) Washers under the pots rusted badly. Replaced.
(4) Pots scratchy. Sprayed with contact cleaner.
(5) Fretboard all dried out and faded. Rubbed with lemon oil to clean and return some color. Looks great now. But you can tell this baby has been played a LOT. It has finger grooves worn all over the fretboard. Doesn't affect playability, and you can't see it unless you get close.
(6) Tuners loose. Tightened.
(7) Mismatched knobs. Two original Peavey speed knobs, and one that looked kind of like them. I don't care for that type of knob anyway, so I ordered a set of knurled metal knobs. They'll be here tomorrow.
(8) Stings were trashed. Replaced with a set of rounds I had around. Ordered a set of Black Beauties for it. They'll be here tomorrow.
(9) Changed strap buttons for locks. Both were loose and required the old toothpick trick to tighten up.
(10) Small surface scratches and swirls all over the bass. Rubbed it for an hour with automotive scratch remover then buffed it up. Looks great now.
(11) Now the big deal. Action was way high - about 4 mm at the 12th fret. Neck had too much relief and the truss rod wouldn't tighten (or loosen). Luckily the truss rod nut was accessible with a standard Gibson type truss rod wrench on this bass ( I understand that's not always the case with Peavey's).
(12) Here's what I went through to deal with the truss rod not adjusting.
- Taped all around the truss rod access hole to protect the paint.
- Stood the bass up and sprayed liquid wrench into the truss rod access hole and onto the nut.
- Let sit for an hour.
- Worked at the truss rod nut with the wrench until it started to loosen.
- Removed nut.
- Cleaned 30 years of crap out of the truss rod nut, truss rod threads, and access hole.
- Put a small drop of oil on the truss rod and threaded the nut back on.
- Tightened up the truss rod.
(13) The truss rod was having trouble pulling the neck back straight. I guess the wood had been in that position for 30 years and didn't want to give it up. I had to manually pull back hard on the neck while tightening the truss rod. This finally got the neck to move. Worked until it was straight.
(14) Still could not get the action low, even with the saddles adjusted all the way down. So off with the neck and added a thin piece of birch for a neck shim.
(15) Several more iterations of saddle adjustments and truss rod tweaks and I finally got it where I like it. about 1.5mm string height at the 12th fret with no buzzing. Success finally!
Now you might think this was a bad deal since I had to do all this work on it. But that's not the case at all. I got to spend several hours bonding with my new instrument, and now I know it inside and out. Its mine now. I actually prefer one like this that I can bring back from the dead, rather than a nice new one.
So here are a couple pics. I'll post more when the knobs and strings arrive.