Description of item on ebay: -

"A vintage Hagstrom guitar Made in Sweden in the 60's. I believe this is called the dreadnought shape. This is obviously the deluxe edition with mother of pearl inlay all along the fretboard and head stock and inlayed signature. This is a lovely quality guitar,with a rich tone. very similar to the Gibson J45 Deluxe of the same period which was favoured by John Lennon. Damage: one of the machine heads has been replaced. it needs a new set of string pegs. There is a hairline crack at the back of the head stock which I presume is in the varnish since it doesn't appear to be structural. Other than that it's just the odd scratches & wear you'd expect of a guitar this age. It comes with its original case which is very scruffy but functional"

I asked: -

"May I ask you some questions?
Has it been gigged?
How high is the action at the 12th fret?
Are there any rattles or buzzes in play?
How much crazing of the lacquer is there?
Is the neck straight?
Has it got the original nut and saddle?"

I was answered: -

"1. you may
2 not by me
3 slightly less than 1/4" (average)
4 strings 3 & 6 have some buzz although i shouldn't imagine it's serious - for a start it has old strings on.
5 no crazing but a few horizontal varnish cracks around the bridge area
6 there is some slight rippling to the neck but i would say it was straight enough. there is a very slight discrepancy between the 12th harmonic and the 12th note but it seems to tune ok
7 there's no evidence that i can see that the nut or saddle have been replaced - they certainly haven't been since i've had it.

To conclude, neither the fretboard nor the frets are overworn and it is quite playable as is, although for gigging i would recommend it be set up again by someone who knows what they are doing. i'm not a dealer or expert in guitars, i'm shedding this one as it is surplus to requirements.

i hope this helps"

It turns out the guy is a professional musician (he says).

When it arrived: -

1.    It was badly bellied (paerhaps almost half inch belly behind the bridgeblock, and a quarter low in front)
2.    The forward bow in the neck (tested in the usual way) was about an eighth of an inch or a bit more.
3.