The "WM" stands for "Working Man's" and this WM-45 is essentially a lower-priced version of Gibson's J-45/J-50 slope-shoulder mahogany dreadnought. The main differences are the black binding and pickguard, low-gloss lacquer finish, and more simple appointments throughout. But what counts for the player, the solid mahogany back & sides and the x-braced spruce top, isn't much different than a higher-priced J-45 of the same period. There are no cracks, neck angle is fine and the frets are good, but there are lots of pick scratches to the top and a variety of nicks and dings as it apparently wasn't handled all that carefully. But it's a real Gibson with real wear at a bargain price, and is being sold to benefit Heroes' Voices.