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Distinguished SOTW Member, Forum Contributor 2007-
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It was made in about 1976 or 77 by Selmer USA at the old Buescher factory in Elkhart. Usually these are identical to the Model 1 Bundy. And it probably came with Selmer-style pads with plastic resonators, black rollers and stainless steel springs. It's worth about $200 in good playable condition.

Though it's a student model, these often play well and have much of the original Buescher tone. You did very well getting it for $80.
 
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