They sold new for around $140 in the mid 1970s. They had a zero fret and a screw adjustable bridge modeled after the Gibson Heritage Jumbo bridge of that period.

The A24 is a 12 string acoustic guitar, with a solid –but relatively thin– spruce top, rosewood sides and back and a mahogany neck with rosewood fingerboard. Penco acoustics had solid spruce tops and laminated backs and sides of maple or rosewood depending on the model. Also some of the models have book matched backs while others maybe tri-backed. A Penco A22M may or may not have an adjustable saddle via thumbscrews. There is bit of variance between the Penco acoustic models depending on what year the guitar was manufactured. The Ibanez line was distributed on the West coast of the U.S., while the Greco was exclusively for Japan, and Penco was distributed on the East coast of the U.S. These were identical to the Ibanez Destroyer and the Greco Destroyer of the same period. The Penco brand was also put on 'lawsuit' Korina-finished Gibson Explorer-styled guitars. They also made 12-string acoustic guitars. Penco also made bolt neck copies of Gibson's Les Paul and SG guitars and basses, Rickenbacker 4001 basses, Fender Stratocaster/ Fender Telecaster copies, Fender Jazz Bass copies and the odd mandolin and banjo. Reverse engineered and built to spec, Penco produced some of the closest replicas of the Martin D-28, D-41, D-45, and D-45 12 models in existence today. Penco made Martin and Gibson style acoustic guitars. Their acoustics were usually but not always made with laminated back and sides and often laminated tops. I've seen sg copies,lp juniors but can't attest to the quality of those-they did have some high end setneck 335 styles that are highly figured,rare.The Penco brand was of relatively high quality. Strat copy is a dead ringer for the early Electras, Les Pauls as far as I know were all bolt necks-ringers for the 22XX series,different burst styles,etc. Production dates '74-'78, then out of business. All I know is they were imported by Pennsylvania Music Exchange(Penco) from distributor Hoshino who sourced them from Fujigen,Kasuga and Terrada factories. I've picked up a couple of Penco branded guitars a few months back-striking similarity to some Electra models.

Vintage penco guitars