Gibson TB-3 Mastertone #1012-5
Style 3 was the least expensive model in Gibson's Mastertone line; it was introduced in 1925 and remained in production through 1937, when its price was lowered from $100 to $75 and it was renamed style 75. The changeover from style 3 to style 75 was about eight months away when #1012-5 (see Gibson banjo serial numbers vs. factory order numbers) was shipped to the Indianapolis, Indiana location of Pearson Music on December 9, 1936. This banjo appears in Gibson's shipping ledger a second time as a TB-75 being returned to the Anderson, Indiana location of Pearson Music on December 5, 1940 following a repair. The repair must almost certainly have involved the replacement of this banjo's neck; while the current neck features the standard "leaves and bows" inlay pattern on the fingerboard, the peghead inlay is the much more ornate design used on Gibson's gold-plated, engraved style 6 and Royal P-T banjos. The presence of this inlay pattern on a style 3 or style 75 Mastertone is highly unusual and possibly unique.
#1012-5 remains in excellent original condition and is still set up with a calfskin head on which a previous owner wrote the notes of tenor banjo tuning.
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