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Instruments previously produced in Japan circa early 1970s. Distributed in the U.S. by the Baldwin Piano and Organ Company in Cincinnati, OH.
The Dorado trademark was briefly used by Baldwin (during its Gretsch ownership) on a product line of Japanese-built acoustics and electric guitars and basses. Dorado instruments are of decent quality, but are often found at slightly inflated asking prices due to the attachment of the Gretsch name. Remember, these are 1970s Japanese guitars imported in by Gretsch during their phase of Baldwin ownership! Source: Walter Murray, Frankenstein Fretworks and Michael Wright, Vintage Guitar Magazine.

From Blue Book Publications:

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