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Serial numbers show approximate date of manufacture.
For all dates, you will need to look at the construction technique and components used to get a more precise date of manufacture.
It's ironic but the 500/1 was not available in the UK until 1963.
The Selmer company began importing Hofner guitars into Great Britain in 1958 however they did not import 500/1 violin basses until about 1963.
In 1967 they produced for a short time a model without a control panel (similar to the 459 violin guitar), models without headstock logo or with a longscale neck have been reported as well. a lefthand version of the 'shorty'-bass guitar, so it is impossible for me to cover all model variations roaming on the market.
As there were many variations over the years, abovementioned data can only be indications, especially since the limits of the model-years were not very sharp.In particular, the rectangular and oval consoles were fitted with 'Preh' brand volume control potentiometers - "pots", which carry a manufacture date in code on them.Quite simply, it is a composite of the number of the week in which the component was made, and the last digit of the year in question: 1-52 (week), plus 0-9 (year ending).The code can therefore be either two or three numbers: '90' would be the 9th week of 1960, '100' the 10th week, and so on.So, in this case, '340' means the 34th week of 1960 - somewhere towards the end of August.