Actually, it did after a few hours of break in. The hard part for a P12R is finding someone who will recone it with the correct weight paper (Jensen called them 15 watt speakers but that was probably a stretch). Weber uses P12Q weight paper anymore, for example. Those old R series speakers sound great but that thin cone is fairly fragile, so... Dean Zink did it for me using the correct materials and it sounds dead on. If you need a P_R reconed, confirm the materials that will be used. If it's a Q or higher wattage speaker, it's easier to get an accurate recone done than an R.