I was at the local (complete piece of shit terrible) Fender dealer today since they announced a sale (picked up a Mustang II amp for $150 ). Among the piles of Squiers and metal guitars there was a Fiesta Red Mustang on the floor. I walk right to it, and it's got a nicely aged pearl pickguard (like a pearl parchment), a little wee bit of pitting on the metal, rusted strings, and a serial number dating it to 94-95. But there's still plastic on the pickguard and a QC tag hanging from the neck. I asked, and they said that the found it last year in the back of their warehouse and put it out on the floor.
the 94 95 mustangs are the best japanese! go for it!
take care about the serial number, a lot of people mistake with the 2000's; the 94 95 have no gap between the guard and the bridge, and the tort is red.