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Those Grundigs sound amazing when they're working. They are also pretty reliable. Check the selenium stack rectifier. They look quite different than the American kind, and were typically a full wave bridge configuration in one rectangular block. If it fails, you get no B+. Replace it with modern diodes.
It's also, of course, full of paper caps and old electrolytics - it might need recapping. I've had good luck with German sets, the parts seem to be quite good. They typically just work.
The dial stringing on those is odd too. There are two dial pointers, and the tuning knob will only move the one that it needs to. So, in FM mode, it moves the FM pointer, and in AM or SW mode, it moves the other.
I have a 3028 that I absolutely love. You'll like the way it sounds!
-Ian
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