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I thought the same thing. It's a 270 ohm power resistor used in the bias network. Maybe they didn't have any carbon comp 1W resistors ?
Using the built-in loop antenna, the AM reception is fantastic - easily the best of my small radio collection.
The SW is a little flaky though. Sometimes I get nothing and have to wiggle the tuning shaft. I get lots crackles as I tune as well. Probably a bad contact somewhere, Not much to hear with the built-in 6' antenna so I hooked up a 50' length of wire. Much better. Bunch of stations between 5.5 and 6.2 MHz. Not much else though. Only the CHU time service at 7.85 MHz from Canada.
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