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To refinish? 1962 P content

I have a 1963 P in the same shape - refin'd about 1970. I've thought about this at length.

If you're looking to preserve value, then a good refin now won't add a lot of value, but it won't hurt. The only way to go would be a nitro refin, and it should be in an original color that was offered the year your bass was made. If you choose one of the rare colors it might help the resale a bit, but it probably won't pay for a pro refin.

Personally, I dislike relics so I recommend against having it reliced or artificially worn. I would not buy a relic. Have the refin done perfectly and let the next owner put on their own wear.

I recommend that you do more homework before making a decision - one resource is the Fender Forum, which has a good depth of knowledge about Fender instruments and refinishing them.
 
Not necessarily. Given AC's history with Fender and if TS has it refinished to the original white Nitro, somebody out there will see that 1) it's still a collector with all original parts and a re-finished body and 2) it's a player.

He wont see $10k for it, but I bet a restoration refinish would bring the value up $600 or so.

That's wishful thinking. Anyone who would consider purchasing a refinished vintage bass wouldn't pay a premium because it was recently re-refinished. If they want it re-refinished, they could get it done themselves afterward in the exact finish they want.

Odds are, refinishing a refinished bass will diminish the value even further. If the seller is looking to unload it, leave it the way it is.