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It looks like a great first project! The good points: you already have it! It's wood,looks to be in good shape for the age. The only problem I can think of is that if it is fm the cap count might be alot.Personally I wouldn't bother with fixing the phono just recap the radio. These old radios really are conversation starters! I sometimes sell off some of my audio and when I do it's set up in the same room my 1940 philco is displayed. I can be talking about the item for sale while their eyes are glued on the philco!
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