Mikey, that's a 5120, isn't it? Really fun guitar. It's imported, of course, but very good quality (built in the Sammick factory-Korea-I think).
Over the last few years, I have acquired a Silver sparkle 5124 (close to the same, but with DeArmond pick-ups for that classic Gretsch sound) and an adjustable bridge-a silver sparkle 5566-double-neck (monster-comes without the required fork lift), the Beau Diddly rectangular body model (my alter ego is "FAUX DIDDLY) and a cool little CE 100 jazz box with a floating pick-up.
I have a 30 year old White Falcon, and these new, reasonably price Gretsches have the look and the sound (with DeArmonds) people look for.
I bought the silver sparkle first (available in Black, red, green, also) for a Rock-a-billy gig with a Philharmonic. Then, I bought the double, which was only available in Silver sparkle....now I have TWO SILVER SPARKLE Gretsch guitars.
I use the double-neck for the rock-a-billy stuff. The 5024 has never been played and retailed for about $300 more than the 5020.
Other than a poly coat, instead of varnish, the imports are close to the original in build quality and over-all "coolness".
My recommendation is BUY IT!
Russ (FAUX DIDDLY) Lay