I'm intrigued when you say that the previous owner had problems with the strings slipping. Where did they slip too? I'm not trying to be snippy, thats a serious question. I've had my Pangborn for a good few years and I don't play it much, although every time I pick it up I wonder why because it is a truly amazing machine. Mine also has the pointy headstock, which makes it a fine looking thing. I read somewhere that a group of the UK builders (Jaydee, Pangborn, Goodfellow etc) in the 70's and 80's were chasing Alembic with multi laminated necks, complex electronics and the shape of the bodies. I've always thought that was quite a good description of what was occuring.