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I have bought sets like this at the flea market for $1 to $3 to use for parts or to build in to new cabinets. Functionality is probably just the same, as other similar non-cracked zeniths, this one probably just had a fall off of a shelf, maybe the cat or dog knocked it over. These old plastics like Bakelite are fairly brittle and will crack easily. Yes it is a big safety hazard as the power cord is connected directly to the chassis on these sets.
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