HI
5 could be the old 7ender factory number.
Ps. I have a MIM '58-style P.Very nice bass.
http://www.guitarhq.com/fender.html
1962 to 1968 (mostly) Neck Stamp/Model designations. Starting about April 1962, Fender went from a hand written neck butt date to stamped date. Usually the date had a code (often mistaked as a day of the month/year) preceeding the date, to signify what model the neck belongs. Note in 1966 many model numbers changed. Here is a list of those codes and the years that they were used.
1 = Jaguar 1962-1965
2 = Stratocaster 1962-1965
3 = Telecaster
4 = Jazzmaster 1962-1965
5 = Precision Bass
6 = Bass VI
7 = Jazz Bass
8 = Musicmaster II, Mustang, Duo-Sonic II 1964-1965 22 fret 24" scale model
9 = Musicmaster II, Mustang, Duo-Sonic II 1964-1966 21 fret 22 1/4" scale Model. Also found on 1969 Swinger "Arrow/Musiclander" models.
10 = Coronado 1 and 2, and some 1966 Jazzmaster and Stratocaster necks
11 = Bass V
12 = Electric 12 and Maverick/Custom model
13 = Stratocaster 1966-1968, many 1966 Jazzmasters too
14 = Coronado 12
15 = Jaguar 1966-1972
16 = Musicmaster II, Mustang, Duo sonic II, and Bronco
17 = Mustang Bass and MusicMaster Bass
18 = Coronado Bass
19 = Jazzmaster and Coronado 2
22 = Stratocaster 1968-1972
23 = Telecaster Bass
27 = Villiager 12
28 = Shenandoah 12