I can attest, all the above is good and true info. I still have mine (5 string), which I believe I paid about $600 for somewhere around 2000, and remained my #1 until a couple years ago when I became much more active in the music scene again.
I still have it, as it just is not worth much on the open market, so I've not bothered trying to sell mine. If you want one bad enough, and want some awesome grain structure, that one takes the cake, as I've not seen it's equal for figured wood on an import like this.
I've upgraded electronics as well, and that looks like the OEM PC board electronics/preamp set in there. Not sure the USA indicators mean much more than an attempt to upsell this one as some sort of higher valued instrument. It simply is what it is, and some new pots (from China or Taiwan, most likely) do nothing to upgrade the instrument's value. Certainly doesn't convert it to an American made product. Basically, they're asking pretty much retail on a 25 year old instrument, that sadly, has not really appreciated. There are fresher, more up to date versions of budget friendly MTD's available now days, and they are remarkably different in many, many ways.
As always, it's what the market will bear.
If you're Jonesin' for that Tobias sound, I'd say , if you can, save up and reach for a Kingston. In the 4 string category, there are deals out there that are only a few hundred more, but offer so much more. So much closer to a modern, updated MTD sound and feel, it really is worth it. Neck feel/comfort, well balanced weight, and snarls like a wild animal. Or slaps like a classic P. And rings harmonics/finger style like a solid J. I picked up a KZX5 from ProAudio staaarr for under 2k (call them about the B stock, ask for their best deal on a fresh one), and I've hardly touched the Toby since then. It is one of the best basses I've ever played, and it oozes that MTD sound without the $8k price tag. The Bartolini electronics in the ZX are a bit over-priced for the upgrade, but oh boy - what a sound!