The PWM10 is a mass-market version of Waggoner's PWM100Prestige which was unveiled a year earlier. Differences include a Wizard III neck (replacing the PWM100's custom neck) and a different tremolo. The PWM10 has an ash body S series body bolted to a maple and bubinga neck with a 24-fret rosewood fingerboard with offset dot position markers. Components include and Edge Zero II double locking tremolo bridge and a pair of Wagonner's custom Mojotone PW Hornet humbucking pickups which can be coil-split.
For 2018 the maple and bubinga neck was replaced with maple and purpleheart and the rosewood fretboard was replaced with jatoba.
The PWM10 was discontinued after 2020 and replaced by the PWM20.