This is a great older piece. It’s in good shape and has a number of interesting features that show up in much later items. The pearl/abalone V block markers and extra binding inlay on the fingerboard appear on later and higher-end Guild guitars, such as the 1970’s Starfire VI. And the pusbhutton selector appears on many items, from Italian instruments to the 1950’s Dodge Torqueflite transmission. This is a big guitar from a time when volume was really needed, and the Emperor was the top of the heap. As a Zephyr, it’s an electric model, and the Vari-tone refers to the pushbutton selector.
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