During the CBS era, particularly the 1970s, the perceived quality of Fender instruments fell. During this time, vintage instruments from the pre-CBS era became popular.
When the Fender company was bought from CBS by a group of investors and employees headed by in 1985, manufacturing resumed its former high quality and Fender was able to regain market share and brand reputation. Dan Smith, with the help of John Page, proceeded to work on a reissue of the most popular guitars of Leo Fender’s era. They decided to manufacture two Vintage reissue Stratocaster models, the one-piece maple neck 1957 and a rosewood-fretboard 1962 along with the maple-neck 1952 Telecaster, the maple-neck 1957 and rosewood-fretboard 1962 Precision Basses, as well as the rosewood-fretboard “stacked knob” 1962 Jazz Bass. These first few years (1982–1984) of reissues, known as American Vintage Reissues, are now high-priced collector’s items and considered as some of the finest to ever leave Fender’s Fullerton plant, which closed its doors in late 1984