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That bass has been hanging in Mandolin Brothers for a few years now. For those who don't know that store is on par with elderly instruments and gruhn guitar for vintage fretted instruments. Coincidentally it's also the guitar store I grew up in. You can trust their appraisals. And in real life the bridge cover is on correctly.
The owner Stan Jay died recently so his son is selling off Stan's private collection and will probably dismantle the business after he eeks every last dime he can out of it.
The condition of that bass is unbelievable. Actually I wonder. The metal parts shown in the pics are almost too clean. You would think there would be some kind of patina or some signs of age. There also seems to be no fading on the finish. The bridge cover in the first pic is in the correct position but the strings are removed. Looks like they just layed the cover on for that pic and screwed it back in (upside down) after installing the strings. Not a big deal but whoever strung her up missed the string guide on the D string at the headstock.
If it lived most of its life with the cover reversed, I would have expected some difference in the finish where the cover sat for years. It is almost like it was kept in a special climate controlled room its entire life. Remarkable example, if it is real.
It does have the correct slotted screws on the pickguard, covers and control plate and tug bar. The tuners do have philips head screws but Fender was starting to move to those. Even the logo looks brand new.
There is buckle rash and some nicks on the edges but I would expect paint fading and signs of metal aging even if it was played sparsely.
This would be worth getting appraised/authenticated for sure, wow.
If Mandolin Bros. is selling this bass, you can sure bet that it's been appraised/authenticated, for damn sure. They're a pretty reputable vintage dealer that was around before collecting/selling vintage instruments was even remotely "cool".
People would play them that way to unmute the strings.
that bass is in remarkable condition.