Probably 1980's vintage, solid wood top, pressed not carved, laminated back and sides.
They're listed on sites like Reverb for $200 or so. Not a rare or high-end instrument; serviceable, decent.
Allen Hopkins
Gibsn: '54 F5 3pt F2 A-N Custm K1 m'cello
Natl Triolian Dobro mando
Victoria b-back Merrill alumnm b-back
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Eastmn: 615'dola 805 m'cello
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It's 80's I'm not near my catalogs so i don't know the spec's but it's probably pressed solid wood, thet made some models which were hand carved but not this one. I see them sell for $100 all the time. I just bought a 514 which is hand carved but only paid $127. I have a big collection of vintage Ibanez, I've been trying not to buy anymore, but for $127 i couldn't pass on a hand carved one
Ibanez 70's 524, 521, 3 511's,2 512's,513,1 514,3 80s 513's, 522
J Bovier F5-T custom shop
Kiso Suzuki V900,
The Loar lm600 Cherryburst
morgan monroe mms-5wc,ovation
Michael Kelly Octave Mandolin
Emandos Northfield octave tele 4, Northfield custom jem octave mandolin 5 octave strat 8
2 Flying v 8, octave 5, Exploryer octave 8 20"
Fender mandostrat 4,3 Epip mandobird 2,4/8, Kentucky. KM300E Eastwood mandocaster
Gold Tone F6,Badaax doubleneck 8/6
Not sure who original posted the link to this site - http://s93105080.onlinehome.us/Ibanez-Catalogs/ - or whether it covers mandolins of that particular period but it might be of interest.
It's in the '82/'83 banjos & mandolins Ibanez catalog.
It says solid spruce top maple back and sides also i have a retail price list for that catalog which says yours sold for $215 case for it was $75
Ibanez 70's 524, 521, 3 511's,2 512's,513,1 514,3 80s 513's, 522
J Bovier F5-T custom shop
Kiso Suzuki V900,
The Loar lm600 Cherryburst
morgan monroe mms-5wc,ovation
Michael Kelly Octave Mandolin
Emandos Northfield octave tele 4, Northfield custom jem octave mandolin 5 octave strat 8
2 Flying v 8, octave 5, Exploryer octave 8 20"
Fender mandostrat 4,3 Epip mandobird 2,4/8, Kentucky. KM300E Eastwood mandocaster
Gold Tone F6,Badaax doubleneck 8/6
A model 511 appears in the 1976 catalogue (see the link I posted above). It’s not quite the same but I’m not sure we can tie it down to only being produced in 1982/3.
The only catalog i have seen that exact model is in the 82/83 catalog which i own the catalog and a few of the same model mandolins. Actually it's hard to even find the catalog I'm talking about online, i tried to post a photo but it keeps failing and I've posted many photos.
Ibanez 70's 524, 521, 3 511's,2 512's,513,1 514,3 80s 513's, 522
J Bovier F5-T custom shop
Kiso Suzuki V900,
The Loar lm600 Cherryburst
morgan monroe mms-5wc,ovation
Michael Kelly Octave Mandolin
Emandos Northfield octave tele 4, Northfield custom jem octave mandolin 5 octave strat 8
2 Flying v 8, octave 5, Exploryer octave 8 20"
Fender mandostrat 4,3 Epip mandobird 2,4/8, Kentucky. KM300E Eastwood mandocaster
Gold Tone F6,Badaax doubleneck 8/6
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