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Worth fixing up this thrift store pile of...?

Davison is one of those $100 or less basses on eBay, if it were on eBay. It is one of the less frequently-seen badges of the tribe of Ammoon seen on Amazon -- probably is quite light. When I was getting my Chinese cheapies 22 months ago the ones with the hook headstock were Crescent and Irin, and they were the best of the lot.

And I wish the body were the color of the pickguard, in translucent sunburst.

That's where I've seen that headstock shape before. They still have the Crescents on Amazon for cheap.
 
I have to say that they don't make basses like they used to and that's just fine with me! In years past entry level instruments were absolutely AWFUL. Now instruments such as the OPs are quite playable and a great platform to mod as desired. Truthfully I think the mods are more to satisfy the need to tinker than to actually improve the instrument. That comes from a tinkerer so no offense intended to those that do. My point is that the bass will probably be fine with a minimum of TLC and rehab work. ENJOY! And respray the pickguard matte silver.
 
The OP has a fantastic starting point to learn on!!

I wanted to try my hand at refinishing, defretting and changing electronics, so for $60 I picked up a crappy-looking bass in a local hock shop. It was covered with black runny spray paint, and was missing one string. It looked pretty hard used.

Now it looks like this:

P3120038 - Copy.JPG P3120039.JPG P3120041.JPG P3120042 - Copy.JPG
 
I thought my linguistic skills were up to par but I just had to look up "moribund".

Well played.
Thank you, Santa. One of the most rewarding hobbies IMHO is finding a neglected orphan instrument in a Goodwill or Salvation Army, paying to rescue it (thereby supporting the charitable work of the vendor), practicing your skills to resuscitate it, then passing it on to someone who will use that instrument to create beautiful music. By doing this you've enhanced society at every step, plus you've had the fun time working on an instrument (and in the process creating something unique you never would have attempted on a '63 Jazz Bass).
 
Thank you, Santa. One of the most rewarding hobbies IMHO is finding a neglected orphan instrument in a Goodwill or Salvation Army, paying to rescue it (thereby supporting the charitable work of the vendor), practicing your skills to resuscitate it, then passing it on to someone who will use that instrument to create beautiful music. By doing this you've enhanced society at every step, plus you've had the fun time working on an instrument (and in the process creating something unique you never would have attempted on a '63 Jazz Bass).

I'm getting into music very late in life but finding it to be a very rewarding hobby in so many aspects. Plus it keeps me out of the bars and casinos, unless I'm going there to listen to a band.