I only own one pre-CBS Fender bass at the moment (the one pictured here). I believe that new top quality instruments are generally better than old ones, given the progression of instrument building over the years, but this '62 P that I snagged about 12 years ago blows that theory out of the water. It has some quirks (moderate neck diving, faded dots on the side of the neck that are hard to see, original pickguard with the typical shrinkage and cracking, and a significant hot spot in the region of the C on the E string), but despite them it's got some kind of magic that always takes me to a different place when I play it. It is super resonant and it responds equally well to a very light touch all the way to a gorilla-level right hand attack, as well as to thumb playing or playing it with a pick. It weighs in at about 8 lbs. 9 oz.
Out of the dozen-plus basses I own this is the one that always sounds reliably sounds great recorded or live. I've played a lot of high end pre-CBS P clones from Olinto, Alleva Coppolo, the Fender Custom Shop, LSL and others, and none of them came close to the sound, feel or resonance of this bass.
For a few years I had been patiently on the lookout for a good pre-CBS P that might be underpriced. This one popped up on CL, and since the seller was looking to move it quickly the price ended up being well below what they were generally going for at the time. Needless to say, even at that time market value was a lot less, probably about 60% of the even more astronomical and out of reach prices of today. I'm not a collector, and I play this bass instead of keeping it in a vault, but I am at least smart enough to keep the insurance up on it.
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