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Even for the budget series of Gretsch guitars, this blows so many others out of the water. With a chambered basswood body it is so light and resonant with plenty of sustain. I am basing many components of my future guitar build off of this.
I got a used one in a pawn shop so it was pretty beaten up but the sound is just... amazing. It's got a bluesy feel to it but it's also good for the type of music that I play (punk, garage rock, grunge). The only thing I had to change were the stock pickups, as they were just too quiet. Overall, it's a great, versatile guitar.