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It was the most expensive Epiphone guitar, and a definite flagship model. The 1961 Epiphone catalogue describes it as Epiphone finest electric guitar, and proudest achievement. By 1963, it was available by special order only. The 1966 price list estimates a 120 day waiting time from order to delivery. Quoted from http://www.vintageguitarandbass.com/epiphone/Emperor.phpmore
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