I bought this on Ebay and didn't read the description thoroughly till later. When I did read it I regretted it, I knew it was as is but didn't read it had a bad power transformer. I wouldn't have bought it knowing that. But.... turns out it's perfectly fine. The bolts were missing so the transformer buzzed horribly. Put new bolts in ans it's dead quiet. There was no sound and that was solved by re-soldering the leads from speaker terminals to the voice coil. It has a decent sounding old "Realistic" speaker made in the 70's. Sounds nice with my old Vega hollow body.
I'll update as I do the restoration. When this is ready it will have new filter caps and a real Jensen speaker. I'll be selling it for $550. Hard to part with cause these are so easy to fall in love with. Perfect bedroom amp or studio amp though they belt out the volume way beyond that little flea power 5 watt rating.