I have a 1960's Truetone parlor acoustic guitar with the bolt on neck. 36" in length. KAY K1160, I believe, Is the equivalent model.
The back of the neck has numerous dents, dings and scuffs. The only flaws I would like to point out on the body is that the back panel has a lot of scratches, scuffs and wear (and the white spot is only paper that is stuck to it).
I would change the tuners to something a bit more appealing to look at. That is just what I would do.
Currently, it has 6 individual tuning keys like you would find on a Strat/Tele style neck. The original holes for the pegs had to be widened to fit these 10mm sealed tuners (that's unfortunate someone did this). I will be shipping the guitar with the neck removed from the body for a safer shipment.
Selling as a luthier project.