Veenture wrote:Judging from your (good) pictures, it appears to be in very good shape, lovely colour and finish, WoW! Just my two cents here but I'd go for restoring it to it's original specs (as much as possible), except maybe for 2 custom wound Hallmark- or Ed Elliot pickups instead

I'm afraid that's all I can offer Sarah.
This one's very attractive too:
http://www.elderly.com/vintage/items/40U-3990.htm
Yes that is the same exact guitar. I missed the boat a month ago when there was a Mosrite Celebrity 12 string project that sold on eBay for $294. I really wanted that project and I would have taken my time to totally restore that one.
What I am after with the Streamliner is not a restoration project at all. I can buy a G3156 Streamliner in off white with Dynasonic pickups for $600-$750 in perfect condition. I wanted something that I could actually do with my own two hands and after reading various people threads on their projects it just sounds so interesting to me.
I do have one serious advantage and that is my guitar tech, Tim Gibson, is a Master Luthier and his shop is about 15 miles from me. I take all of my guitars to him for setups, etc. When I told him what I wanted to do, he said I can come to his shop on Saturdays, when he is closed, and use all of his tools and equipment and he'd supervise the project so that I do everything right. What a deal!
The lead guitarist in our group plays a Gretsch White Falcon and it's very pretty. I don't care for all of the "glitz" they put on that guitar but it is a wonderful guitar to play no doubt! My plan is to build a guitar with the look that I am after, which is the Streamliner body in a nice white color and some high end cosmetic treatments with an amazing sound and playability. I haven't decided if I'm going to take the Gretsch logo off, but at this moment I am inclined to do so and come up with my own logo just so no one thinks it's an original.
This project is going to be painted white. At this point, I'm thinking a very stark white glossy finish.
For pickups I was thinking of using Mosrite's from the 60's era or the new Dyna's that TV Jones is coming out with this summer. I would love any input here!
I have decided that I am definately going to use a Mosrite tremelo, such as on the Celebrity, instead of a Bigsby. I love the lines and contours of the Mosrite tremelo which will go great with the curves from the Cat Eye sound holes and of the body. If this is not a good idea, please let me know.
The bridge is pinned and I will go with a Compton Compensated bridge. Wayne Compton is a freind of mine and I love his bridges. I will likely put a titanium one on this project for more twangy-ness.
I'll replace the binding with a multi-layerd one, B-W-B-W-B. I'm also going to design my own pickguard and have it made by Paul Setzer. It will cover the top half in a curvy swooping motion and leave both cat eyes exposed. Similar to Bonnie Raitt's Guild, but different. It will match the binding, B-W-B. And the headstock and neck will be bound as well.
I'll use good quality locking tuners. I haven't researched them yet, but I'm thinking either in nickel plate or black keys.
The fingerboard on this project is ruined so I'm up in the air as to how I want to replace it. At this point I'm thinking Ebony, or an exotic hardwood like Cocobelo. I'm open to suggestions on this!
Okay, well that is it in a nutshell. Any and all feed back is greatly appreciated!