i think eletronics and hardware and finish are exactly the same.. different wood basswood on the 69 - poplar on the 65. Different colors: The 65 comes in the 3 original colors available for the model, while the 69 dont. The 69 has some imperfections regarding the accuracy reproducting the yer of the model... read my Mustang Review.. I`ll be posting it really soon.. (its long hehehe)