The following description is taken from the 1969 Fender lovin' care catalogue
Fender's Precision Bass has become the most well known and widely used electric bass in the world. It's acceptance in all fields of music comes from true performance proven bass tone qualities, size, ease of playing, volume capabilities and mobility on stage or off.
A special split pickup is positioned for excellent string response and each section may be adjusted for custom string balance. Tone and volume controls are conveniently located and permit any desired response the player may choose. Individually adjustable bridges may be set for perfect string intonation and comfortable low playing action. As a result most bass players find their technique improves rapidly and difficult passages are played more easily. With the Precision Bass it is possible to obtain considerably greater volume than with a conventional instrument. It is convenient to carry and store inasmuch as it is lighter weight and approximately 1/6 the size of the old-type upright bass.
The comfort contoured body is finished in beautiful hand polished Sunburst or may be obtained in selected custom finishes and left-hand models.