A beautiful example of this last year oval-hole carved-top model, in excellent original condition. These are an odd anomaly in that they are post-Loar, yet still retain the pre-Loar characteristic construction: heavier construction, 11 ½ frets to the body. It's as if Gibson wasn't sure that the Loar influenced models would hold up, and thus kept this older design on all their non-L-5 models. Those were very early days of the steel-string era and they probably weren't yet sure of the effects of the higher tension. The model changed the next year to the roundhole version, and oddly enough to a very lightly built version, only to get heavier the next year. Another great anomaly (Gibson is famous for its wacko non-logic) is the 1928 neck shape. The Loar L-5s had ridiculously oversized necks until 1928, only to get big again the very next year. This L-4 fits the pattern. The very next year, the necks got big again, with the L-4s being the biggest, but just for a couple years, after which they were fabulous, while the L-5s stayed large for several more years. This one, for whatever the worth was owned by Norman Blake (with letter of authenticity).