My idea is that it's a keeper! Maybe an old Supertone? Do you have a better picture of the peghead?
It looks like it had a metal tag on the dowel at one time with 40 brackets I think. That is a nice one.
'Thanks to Bob Smakula' 47 min
'GROUPS' 1 hr
'Movin' on up... ' 2 hrs
'Gentle On My Mind' 3 hrs