Essentially a budget friendly American made guitar from a guy that initially manufactured amps. Hartley Peavey developed his first amplifier in 1961 and went into production in 1965 as Peavey Electronics, sticking to the amp and PA categories until 1976.
Enter the T-60, Peavey's first guitar, and a first in many ways.
The brains behind the guitar build and engineering process was Chip Todd (the "T" in T-60). Hartley was the electronics guru.
Groundbreaking electronics weren't the only innovation Peavey deployed. The streamlined manufacturing process lowered the build cost by utilizing CNC machinery to cut the guitar bodies. The first guitar manufacturer to use CNC technology. Additionally automated machinery cut and finished the necks, and applied the fretboard and frets all in one process.
Devil in the Details
The wiring is where it gets interesting. The tone controls allow for dual or single coil operation of each pickup independently of each other. The low end of the tone control is humbucking mode, but once beyond about halfway up, the pickup gradually becomes a single coil.
Now to the even funkier part
When the pickup switch is in the middle position, and the phase switch is in the down position, the pickups are placed out-of-phase by reversing the coil relationship in the lead pickup.
Inclusive to the fancy wiring, this gives a wide range of tonal effects by using the tone and volume controls and was on the cutting edge at the time.
Specs:
Ashe body, maple neck
Rosewood or maple fretboard
Two humbuckers, with coil split
Two position phase switch
Three way pickup switch
Volume and tone control for each pickupkup