You guys all got it right in one way or another. Here's what concerned me.... Those signs show that the bobbins had been previously removed from the baseplate. ...but in the end, as Rudi explained, it was almost certainly just the case that someone had removed the bobbins simply to flip the magnet and put it back into normal (North = slugs) magnetic polarity, as the pickup had come from a Varitone guitar and those sometimes (not always) had one magnet installed backwards. The lack of the magnet having any markings on the North polar face may, or may not, be related to this. The solder joints and the tape around the coils themselves were 100% undistributed and original. That's what really counts. I gave the magnet a full charge and extended the original hookup lead, but also sent the pickup back home with an additional much stronger reading and warmer sounding period-correct vintage magnet, as an option that would probably fit the owner's sonic goals much better than the thin sounding original magnet, but still retain vintage authenticity. All the important stuff, still in original condition: ...and I know I'd be a real jerk if I didn't share at least one obligatory photo of the "L" marks and decal.