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trying to remember if this one has the cam on the AM vari cap that operates the FM slugs or are the slugs directly tuned by the tuning shaft and the AM vari cap uses a dial string and pulley.
any way I would look for a dial string that has slipped off a small pulley or some other hang up. Since you have it apart now I hope the problem become obvious. Good luck with it. Those are nice sounding radios, I have a couple of that model cabinet. I prefer the older style with the less fussy airplane prop dial.
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