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I'm with Old Cane and others - that guitar is what you made it. Nothing wrong with that - maybe it's not vintage correct, but it's a real nice old Fender.
Strip it, refinish it, and if you ever want to sell it just tell the truth! It may have lost the collector's value, but it is still a fine guitar and you can document and explain all the "deficiencies".
My only suggestion is that you clean up the non-standard routing before you refinish. It might look a little more "pro" that way.
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