Offered for sale is a PROJECT/one Mark IIC stereo receiver. Project one was one of the house brand of receiver of the Playback, a Chicago based electronic retailer. This receiver was introduced in 1980, having an MSRP of $360. The Orion Audio Blue Book shows it rated at 40 watts per channel. Rumors have it that it was manufactured for Playback by Pioneer. However, my research indicates that it was actually manufactured by a company called Matsushita Electric. It was purposely designed ...to appear to made by Pioneer. Pioneer was king of the hill in stereo receivers in this era and store managers were encouraged to let salesmen spread the rumor that it was made by Pioneer. Matsushita Electronics is very well known in Japan but is relatively unheard of in the USA, although their brands, such as Panasonic, Quasar, National, Technics, Victor and JVC are household names in the states. Matsushita Electronics was founded in 1918 and grew into one of the worlds largest electronics manufacturer. The Matsushita name was changed to the Panasonic Corporation in 2008. The Mark IIC receiver is a very well built unit that was designed to match or outperform a similar Pioneer model. Features are plentiful and include: Both low and high filters; AM, FM, Aux and Phono mode indicator lights; Tone defeat toggle switch; Two tape monitors; Dual tuning meters; Rear panel de-emphasis switching; Rear panel power, right channel and left channel speaker fuses. Has a maximum power consumption of 460 watts, much more than its 40 watts per channel would suggest, so you know it's conservatively rated. Usually multiplying the maximum power consumption by +-0.20 gives you a reasonable estimation of the watts per channel of a stereo receiver (in the Mark IIC case this would be 0.20x460=92 watts per channel). The Marantz 2325 delivers 125 watts per channel and consumes 550 maximum power, just 90 watts more than the Mark IIC. Estimating the power output of the Marantz using the above formula would give you 110 watts per channel (0.20x550), fairly close to the 125 watts per channel rating.PROJECT/one receivers appear to be very well built but do seem to have one common issue, they have the Sherwood disease. With Sherwood S-7XXX series of receivers the issue is the power switch built into the volume potentiometer, it quits working after so many years and it's hard to find a receiver today with a working power switch. With the PROJECT/one it's the tuning meters, seems to be that they just plum quit working after about a dozen years. Most of the PROJECT/one receivers for sale have non-working tuning meters. This particular receiver is no exception. I had a MARK III receiver with non-working meters and was able to replace them with Pioneer SX-1250 meters that were joined together, all I had to do was cut the dual meters in half to separate them. I tried that with this model but they were too deep and wouldn't let the tuning needle pass below them. I ended up using meters from a Lafayette LR-3030 receiver. All I had to do was swap out the front plastic portion that contained the meter window. Installed them and they work perfect. They look very similar to the original meters. The original PROJECT/one meters can't be found and even if you could why would you install meters that probably would soon fail? The only other issue this receiver had when I acquired it was the shaft for the bass potentiometer was sheared off and you couldn't adjust the bass. Solved that by soldering in a brand new 100K dual potentiometer that had the exact 20 mm shaft length as the rest of the potentiometers. The bass adjusts perfectly now. The bass knob was missing so I had to purchase an original knob for it. Cleaned all the controls with deoxit and now they all work smoothly and quietly. Dusted out the insides with an air compressor and cleaned the surfaces with Q tips an alcohol. The insides are now very clean. All the lights were working and are nice and bright. FM tunes perfectly and sounds superb, tunes even fringe stations in perfect stereo. AM works fine, actually sounds decent, would rate the AM as above average. Records sound great and play with no hum or noticeable distortion. Aux input works fine. Did not test the headphone jack or tape inputs/outputs but found no reason to suspect they wouldn't be working. The front face is practically perfect having just one minor scratch around the bass knob, no dings or worn lettering. The cabinet is in great shape with very little sign of wear and age. This is a great adequately powered receiver making it the perfect candidate for a primary home stereo system regardless of the size of the room. I normally don't allow returns after 14 days from delivery but I am so confident in the condition of this receiver I am offering a 30 day no questions asked return period (including return shipping!). That's as good as getting a 30 day warranty absolutely free. I pack very well and just a couple of the over 1000 receivers I have sold were damaged during shipping but if your receiver arrives damaged simply return it for a full refund and I'll deal with the insurance claim. HOW CAN YOU GO WRONG?Free shipping offer valid for the lower 48 US states only. International purchasers will be responsible for shipping charges from the eBay global shipping headquarters located in Kentucky, USA through the eBay global shipping program. Alaska, Puerto Rico and Hawaii residents are subject to a $40 shipping surcharge.PLEASE NOTE THE PICTURES SHOW THE BASS KNOB MISSING. I HAVE THE KNOB BUT FORGOT TO INSTAL IT PRIOR TO TAKING THE PICTURES. I HAVE SINCE DONE SO.