After the Goldrush
Tuesday, October 31st, 2017![](https://www.es-335.com/wp-content/uploads/2013/06/drs-copy1.jpg)
The end of the Golden Era-the Gibson executives decide on what changes will make the 335 (or in this case, the 345) more competitive with the rival Fender line. Fortunately the company was in good hands.
Most of us will acknowledge that the most desirable 335’s are 58 and 59 dot necks. 64’s are pretty desirable too and all of these fall into what is commonly referred to as the “Golden Era”. Judging by the characteristics of these three years, the conclusion is pretty clear. People like guitars with big necks. But there has to be more to it than that or Gibson would have simply kept on with what they were doing. Since this era is largely our own perception of what’s desirable and what isn’t, you have to assume that something changed. Was it simply that Gibson and later Norlin, made inferior guitars? Well, that’s part of it.
So, what happened following the so-called “Golden Era”? I don’t like to make a blanket statement that all 70’s Gibson’s are crap. They aren’t, but here’s the distinction I draw between the Golden Era and it’s fringe (the late 60’s)…a bad 335 from 58 to mid 69 is the exception, not the rule. The bad 335 from mid 69 to 81 is more the rule. You have to look pretty hard to find a really bad 68. You have to look pretty hard to find a really good 78. If you own one and you love it, good for you-you found a good one. The intent of the Norlin Corp. who owned Gibson from 1969 to 1986 was to print money. Corners were cut, compromises were made, quality suffered and prices rose. The wood was often inferior, the center block nearly disappeared, pickups were simplified and suffered for it, necks were no longer a single piece of mahogany, the non too popular neck volute appeared and on and on. This might help explain the price differential between a 68 and a 78 but it doesn’t do much to explain the differential between a 59 and a 68.
The guitar boom that followed the Beatles to America was a cultural tidal wave. Sales of 335’s went from a few hundred a year (592 in 1959) to thousands ( close 6000 by 1967). That’s a tenfold increase and that must have put some strain on the work force. It is no secret that the quality in 67 is not as consistent as it was in 59. But, the quality was still quite good and apparently Gibson was able to handle the huge increase without ruining the product. There were, however, decisions made that make them less collectible or desirable than a 59 or a 64. The change from stop tail to trapeze in 65 was simple economics. It took longer to install a stop tail than it did to install a trapeze. Time is money. More important was the decrease in the nut width, dictated largely by competition from Fender where thinner meant faster (and we all wanted to be faster). Imagine the vintage 335 market if 67’s had the wide nut and the big profile of a 59. The 335 market would be vastly different with thousands of additional, desirable wide nut 335’s available to satisfy the demand (the total for 65-68 is over 13000). OK, granted a 67 isn’t a 59 with a narrow nut-there’s the Indian rosewood board, the poly wound pre T (cheaper than enamel wire) and then t-top pickups and the chrome hardware (more durable than nickel) but still, they are more similar to a 59 than they are to a 78. I believe I could take a 67, put on a set of early patents, a stop tail and re-neck it with a wider mahogany neck and present you with a guitar you would swear was a 64 and you’d like it a lot.
The big dollars that 58-64’s command is not arbitrary. There are quantifiable reasons for their market values. I never took an economics course but the simple rules of supply and demand are at work here along with other, less tangible market forces. A dot neck plays and sounds no better than a block but commands a premium. An early patent is the same as a late PAF (but for the sticker) but it looks and sounds the same but commands a premium. Mickey Mouse ear cutaways are no better than the pointy ones from late 63 on but they command a premium. Starting to see a pattern here?
Fads and trends made a big difference here. The Golden Era didn’t end abruptly on Dec 31 1964. It didn’t end because the quality went down the tubes. The Golden Era is our perception of whats good and desirable- right now. It ended, in part, because the current demand is for wide nut guitars and Gibson, in it’s wisdom, blinked and followed Fenders lead for a “faster” neck. And further, in the quest for a less labor intensive tailpiece, Gibson went to the trapeze. If, for whatever reason, narrow nut, trapeze tailpiece guitars become the rage among players and collectors, the 65-68’s are going to be king. And the Norlin era? Well, that’s a much more involved tale that we’ll get to soon.
![](https://www.es-335.com/wp-content/uploads/2010/05/MSstand-768x1024.jpg)
The end of the Golden Era. This is a very early 65-all nickel, stop tail big neck. A few weeks after this was made, the stop tails were used up and the trapeze took its place. The big neck was gone by around June. Chrome was phased in throughout the year and even into 66 with the pick guard bracket the last piece of nickel hardware to fall.