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According to Fender as well as the Guitar Dater Project, this serial number traces to a Fender guitar built in the US (Fullerton, CA) in 1975, or possibly 1976. Strats from this era in great working condition can easily fetch $1000 or more at auction, even higher if they are custom or particularly special and/or if they are sold at retail. A very popular year, even the body of the guitar on its own could be worth at least $500 - at least as of late 2013.

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