That's not a bad-looking guitar. Someone put a lot of work into this guitar, and they did a good job IMO. (Not sure why all the USA stickers have been added, though.) But there's not a whole lot of original Thompson parts on it. It's a converted D-10 with a custom pad. The body and pedalboard are Thompson - that's about it. The knee levers also look stock, which could point to the undercarriage being original. Everything else has been taken from other brands, including the changer (which looks like one from an MSA I owned) and the tuners (mine has Emmons-type Klusons which are definitely stock). The fretboard is obvious in its origin.
If it's anything like my SD-10* Thompson, it doesn't hold its tune very well (due to a low-quality changer) but has great tone - maybe because it weighes more than a small horse. Mine came with Sho-Bud type pickups which sound great, and it looks like this one has the same pickup. Somebody obviously covered the body with vinyl or something. The one I have is a big heavy chunk of Maple with clear lacquer. The neck on mine is clear plexiglass, and the original fretboard is the same style as a GFI - with the horseshoes, etc. These guitars do not have much monetary value (generally under $500 IMO), although mine has sentimental value because I inherited it from deceased forum brother Fred Truitt.
I'm away from this steel right now, but when I get back in town I'll post a few pics.
All my observations are being made under the assumption that the Thompson Steel Guitar Company produced a line of guitars with distinct and consistent features. I'm pretty sure this was the case, excluded the Little Buddy student model. I presume that my guitar and the one in the pics were produced as professional steel guitars, seeing that they were D-10's.
*I recently converted it to an SD-10 in a moment of insanity. 
[This message was edited by Chris LeDrew on 10 July 2006 at 09:01 PM.]