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Music Man had all kinds of problems with serious fading (see the Music Man section).
It is too bad Peavey didn't develop the advance UV block in time for the First Year models.
They had roughly 8,000 orders in year one for the Wolfgang and didn't begin to fill them all.
The rumor was that Ed was very unhappy with the overall quality of the tops, and rightfully so if he was judging them against his Music Man.
However, I think the fact the original year guitars did turn out different is part of their unique quality.
The guitars do not fade as much as the Music Man because Peavey had a better UV block on the first year models than Music Man, but it wasn't until about the 2nd year that Peavey developed a unique UV blocker they put in the paint that prevents the fading almost entirely.
The Gold top was added later in the year and was used to primarily to paint guitars a color other than black when a top was rejected for one reason or another.
These were red, amber, purple and sunburst (shown above).One reason is that the method they used to stain the tops did not provide for consistent results.