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Underrated guitar companies???

I would say G&L is the most underrated versus volume. I think it's mostly because they don't market well or haven't grown their dealer base wide enough. I live in the DC / Baltimore metro area that has a pretty high median income and there are no G&L dealers. I guess there are no Sadowsky dealers either. Jive Sound is the closest, but it's a bit of a hike and I haven't had the best experience there. Maybe it was just a bad day.
 
Not a company, but a group of underrated guitar/bass builders would be the unknown custom builders. Not everyone of them are making great instruments, but some are.

If you ever come across someone that builds guitar/basses (even if they just consider it a hobby) and have a chance to check out their work, do it. It may be nothing or it may be a real hidden gem. Many of those folks put all they have into what they do and some make incredible instruments. Don't be put off by a no-name. They may become a big name someday and then you can say "I knew them when ..." :)
 
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IMO G&L,and Music Man Stingray are the only ones,that appeal to me,and Sterling US SUB's.
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I've never thought of Gibson basses as "great."

As far as underrated basses go: Peavey and Yamaha.

Yamaha is a curious example, as someone mentioned. They make high-quality instruments across the board, but only their keyboards (including, of course, their superb grand piano division) and drums and entry-level acoustic guitars are popular. Huge player in pro sound. too.

But their electric basses and electric guitars have never really caught on.

Their basses were much more popular back in the day, but yeah not so much these days.. I own three currently.
 
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I skipped a few pages, but Gretsch doesn't get enough mention or credit here.

I've never played a Gretsch bass that I didn't like. Right now I have three of them; an orange 5123, a Thunderjet and a very custom finish 2220, the Mighty Cougar Bass.

Maybe they're not under-rated, as the White Falcon and similar models are pretty darn expensive - and so is the Thunderjet, by my standards.
 

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I skipped a few pages, but gretsch doesn't get enough mention or credit here.

I've never played a Gretsch bass that I didn't like. Right now I have three of them; an orange 5123, a Thunderjet and a very custom finish 2220, the Mighty Cougar Bass.

Maybe they're not under-rated, as the White Falcon and similar models are pretty darn expensive - and so is the Thunderjet, by my standards.
I don't think they're underrated, just more known for the Brian Seltzer guitar rock-a-billy stuff.
I love my 5442, 5123, 6073 and Thunder Jet. However, I find myself playing hollow and semi-hollow basses a bit less recently.
 
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