Yeah, I'm pretty much 'into' these old Japanese made guitars. That bass is also a great player and a true 'battle tank' as far as overall construction goes. I also presently have a 1983 Ibanez Roadstar Series II bass that was made at Hoshino, which was the same factory that made the Penco guitars. It was a true time-capsule guitar and a great player, but I couldn't justify keeping it because I like to play 'em, not collect 'em. I doubled my money on the Westbury, but it was near mint and I had every piece that originally came with it, including the original matching hardshell case, original hang tags, original warranty card and custom-labeled allen wrench that went with it. I recently sold my 1979 Westbury Standard (GREAT guitar!) and I presently have a 1973 Aria SG that was made at Matsumoku.

Some of the Univox guitars and all of the Westbury brand guitars that were distributed by Univox were made at the famous Matsumoku factory.

Vintage MIJ Penco M-60 Classical Acoustic Guitar & Martin TKL Case. Guitars that want to be picked up and played will motivate you to learn licks faster, write riffs better, and become a more creative musician. Univox was the parent company of Unicord out of Westbury, New York. There’s nothing like new gear to help you get excited about making music. Oh, and as for the article link, it wasn't 100% accurate. Penco was actually better known for making high-quality acoustic guitars that are on par with the Martin and Gibson acoustics from the 1970's era. it's hit or miss, depending on the condition of the guitar and if it has the original case.

Penco guitar values