Hi Joe,
There are structural differences, in my opinion. Having taken apart a few, I can say that the rivets in the older models are much better heat-fused to the contact points. In the newer models, the rivets can easily be pried from their contact point with the upper half of the calculator (i.e. the keyboard and LCD section).
As others have already pointed out, the keyboards are also much nicer in the older models.
As for the internals, the older models have a zener diode that helps prevent electrostatic discharges. This component was later removed from the newer models. My guess is that it they did this to prevent the diode from becoming a battery drain. Some owners have reversed the polarity of the batteries as a way of "resetting" their HP48s. Of course, in the older models, the zener diode would prevent this. Unfortunately the diode often becomes resistive, so that when batteries are installed correctly later on, they get drained by the diode.
And lastly, the LCD in the older models had a protective piece of plastic that protected the backside of the LCD. I think this helped prevent the LCD from being bent even slightly.
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Folks,
Last question for the night. How's everyones' knowledge regarding the construction qualitiy of the various HP 48gx models? I have a model made in Singapore and also a model made in Indonesia, with the black LCD. Should I expect any difference in the two calcs' construction...long term wise? Thanks
Joe