I was just surfing at Squier.com website awhile ago and I stumbled upon the Jagmaster.
I knew nothing about the Jagmaster so I did some googling. Its kind of funny the Jagmaster was born out of Kurt Cobain's Jaguar mod. So Fender actually did a shameless copy. Just change it with a Strat tremolo there.
I had the chance back '95 or '96 to buy a 60's vintage Jaguar but returned it since I didn't like it. It was repainted and the tremolo isn't working right. So I returned it and got his '93 American Standard Stratocaster instead which was in perfect like new condition. I remember the Jaguar price was PhP 10,000 (US $200) and paid for the Strat US $400. The currency conversion rate are based on todays exchange rate.
The problem with Jagmaster is Fender hardly do any advertising. They only do promotions when they release a new Artist model. When I first saw Kurt with a Jaguar the humbucker and 3 way switch wasn't there yet. If I did I would have routed the vintage jag to fit humbuckers and tremolo fixed. Making it a more proper modern guitar and not the surf style classic the Ventures made popular.
The Sonic Youth signature Jazzmaster is different from the Jagmaster, but similar in some ways. They both have humbuckers and a 3 way switch. So this got me interested with the guitar today.
Thurston Moore once said "Before the Guns and #### Roses became popular you can get a Les Paul for like 50 bucks." You can say the same thing with the Mustang and Kurt Cobain. A '65 Mustang RI and '73 MIJ Competition Mustang RI would cost US $1,000. Plus Fender licensing restrictions you could only get the competition mustang in japan.
Instead of ranting about the Jagmaster. Consider yourself lucky if you own one today. You could still buy a used Vista Jagmaster or Squier Jagmaster at a reasonable price. I just saw it on sale at guitarcenter.com for just $280 bucks.