Jerome Bonaparte Squier, a young English immigrant who arrived in Battle Creek, Michigan, in the latter part of the 19th century, was a farmer and shoemaker who had learned the fine European art of violin making. Victor Squier started making his own hand-wound violin strings, and the business grew so quickly that he and his employees improvised a dramatic production increase by converting a treadle sewing machine into a string winder capable of producing 1,000 uniformly high-quality strings per day.
He moved to Boston in 1881, where he built and repaired violins with his son, Victor Carroll Squier. Squier violin strings, banjo strings and guitar strings became well known nationwide and were especially popular among students because of their reasonable price. Squier Company in early 1965, shortly before Fender itself was acquired by CBS in May of the same year.
For example: a guitar whose serial number begins with the letter and number "E8", would have "theoretically" been manufactured in 1988 (E = in the Eighties, 8 = the 8th year...Until the introduction of the Fender Squier series, Fender had never produced lower priced guitars based on its main Stratocaster and Telecaster models and had always used different model designs for its lower priced guitars.In the late 1970s and early 1980s Fender was facing competition from lower priced Japanese made guitars.The Charley replicas sold for 00, and are now selling for 00 if you can find one. Fender's Custom Shop employs some of the best craftsman in the business, and it is not unusual for their guitars to sell for thousands of dollars due to the number of hours spent handcrafting each guitar.
It is certainly not unusual for artwork to sell for ,000, and that's one way to look at this guitar.If you already have a basic understanding of the USA serial numbering system, just skip down to the next Bold Centered text.