IC: I = Indonesia, C = Cor-Tek (Cort), the serial number prefix is followed by a 2 number year. IS: I = Indonesia, S = Samick, the serial number prefix is followed by a 2 number year. For example 'IC02' Made in 2002. In 2009-10 some Indonesian Squier's had the prefix ICS09XXXXX and ICS10XXXXX. There are a number of standard models that have the ICS prefix some are FSR but some are just normal run models.
It therefore appears as though the the S in ICS is only an indication as to whether it is a Factory Special Run or FSR guitar (manufactured by Cor-Tek in Indonesia). It also appears likely that any FSR guitar beginning with ICS will be a Squier 'Standard' as opposed to any of the other models i.e. CV, Deluxe etc. In your case though it is a Vintage Modified model. I'd say it is a Cort made one. I've also seen some serials starting 'I' that were made in India.
But ICS is usually Indonesia. The '10' means 2010 model year. Hope that helps. IC: I = Indonesia, C = Cor-Tek (Cort), the serial number prefix is followed by a 2 number year. IS: I = Indonesia, S = Samick, the serial number prefix is followed by a 2 number year.
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For example 'IC02' Made in 2002. In 2009-10 some Indonesian Squier's had the prefix ICS09XXXXX and ICS10XXXXX.
There are a number of standard models that have the ICS prefix some are FSR but some are just normal run models. It therefore appears as though the the S in ICS is only an indication as to whether it is a Factory Special Run or FSR guitar (manufactured by Cor-Tek in Indonesia).
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It also appears likely that any FSR guitar beginning with ICS will be a Squier 'Standard' as opposed to any of the other models i.e. CV, Deluxe etc. In your case though it is a Vintage Modified model. I'd say it is a Cort made one. I've also seen some serials starting 'I' that were made in India. But ICS is usually Indonesia.
The '10' means 2010 model year. Hope that helps. Follow-up question: I understand it's supposed to be ICxx + 6 digits, but what does it mean if it's ICxx + 7 digits? It looks like it could be IC + YYMMDD + xxx (or possibly IC + YYDDMM + xxx)? I honestly don't know about the extra digit other than to set apart instruments for FMIC distribution from those going to international distributors. The reason they need to do this is because FMIC and the international Fender/Squier distributors have different warranties and totally separate support systems including service centers.
FMIC ships the instrument to the international distributor and they are done with it. Whenever there is a serial irregularity on a FMIC instrument quite often that is the reason why. This is a practice that actually goes back to Fender's early days.
The oddball serial locks the international instruments out of FMIC North American support. All the online serial guides, dater software sites etc base all their data exclusively on the FMIC distributed serials. Therefore it is entirely possible to have a genuine Fender '76 Jazz Bass with a serial that doesn't fit any published format on any website and in cases like that it is because it was shipped from the factory to an international distributor. They are genuine, but the serial won't 'compute' or match exactly with any online data.