The Gibson L5 was created by top Gibson luthier Lloyd Loar in 1922. It stayed in production for another 30 years, being played by a lot of influential musicians on the way. This guitar originally had no cutaway, and when one was produced, it had the model designation L-5C.
The headstock inlay of all L5 variants is the well-known 'flower pot' as shown on the left.
The following description comes from the 1970 Carved-Top Acoustics catalogue
The orchestra guitarist will marvel at the wonderfully rich tone, easy playing action and beautiful cutaway styling of the L-5C. This remarkable guitar has held its enviable position as an exceedingly popular carved top acoustic for many years
Need the value of your guitar? The Official Vintage Guitar Magazine Price Guide 2024 is out now: Amazon