So I dug a little deeper on the history of this guitar.
This was one of the originals built by Fender. Apparently Fender got #1, and #2-#7 went to the Music Man sales team (my dad had 8 states). There were six cases lined up and each sales guy picked one. My dad got #3.
At a sales hospitality suite in Atlanta, Eric Clapton and Albert Lee showed up. Lee ordered a scotch and coke from my dad (who was tending the bar), and asked to play one. My dad had his #3 sample there and Lee played it for them. I guess that was the only time it was ever played. Later, Clapton had one of the production IIs.
My dad also had the #2 Stingray II Base off the line, which was later played by Aerosmith on stage for one concert. It was stolen from our house years later when we moved to Virginia.
Due to the history of this guitar, it might be of some value to a collector.