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So your choices are......
A) sell it to me for peanuts
B ) fix it up and play it
C) fix it up and make a few quid selling it
FWIW I'd go for B
This should be the correct pickguard - single ply, 8 hole. https://www.ebay.co.uk/i/254372638488. Unlike later Squiers these earlier ones are pretty accurate to the original shapes so it should fit. Avoid cheaper ones, they often don't fit properly and can have cheaply-cut edges which look wrong.
For pickups I would go for one of the small custom makers in the UK such as Oil City Pickups - not the cheapest, but guaranteed quality. The ones in the guitar look like the typical far-east magnet-on-the-bottom type which always sound an odd combination of muddy and harsh at the same time.
You probably don't need new pots, switch or jack, but if you do want to replace them, Allparts sell all that kind of stuff. Best quality pots - get CTS; switch - CRL; jack - Switchcraft. Or you can get them from various Ebay sellers.
If you want to really make it as good as it can be, replacing the bridge with one with a solid steel block and saddles will also make a substantial difference - that one will have cheaper alloy ones. Check the spacing of the six screws at the front edge, there are several sizes.
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
I concur that the guitar is a good platform for refurbishment and/or upgrading … but only if you plan to keep it.
One of the reasons why Squier launched the Silver Series was to rebuild their reputation after a Yamaha Pacifica advertisement exposed that some Squier bodies were plywood.
Have a good look in the body cavities for evidence of laminate construction.
Interestingly a quick peek under the pick guard shows one large cavity, rather than the usual individual routed cavities, with the current pickups looking like they are suspended from the pick guard which to me seems a little strange, or is that ‘normal’ for some less expensive builds?
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
https://www.dropbox.com/s/lfo9gl66dc0wlii/Photo%2003-10-2019%2C%2021%2003%2012.jpg?raw=1
This can be felt within the cavity so wondering if this can be repaired and if it’s worth it....hmmmm..decisions, decisions!
It is repairable, at least structurally - but difficult to make invisible given that it will be a polyester finish which does not allow for easy blending in. Given that it looks like it may be quite a poor quality body anyway, it may not be worth spending any money on it.
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein
I’m intrigued given the apparent poor quality of the body...plywood with cracking and a weird cavity inside, if the neck quality would be equally as poor?...
..... or with a minimal budget, a new body and additionals can be sourced and with miminal effort but a good deal of enthusiasm a Phoenix can rise from the flames......
Having never attempted a project of this type before....is it worth considering?
It’s pretty easy to replace a body, as long as you check things like the bridge pivot screw spacing and the layout of the pickguard screws - although if you’re replacing that too, even that doesn’t matter as long as whatever you choose fits the new body. You would probably be best to look for a Japanese-made body of a similar era but better quality - that has the best chance of fitting well.
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Only two things are infinite - the universe, and human stupidity. And I'm not sure about the universe." - Albert Einstein