The OM-45 Deluxe was originally made in 1930 and only 14 were produced. This model was the most expensive of the Martin flat-tops at the time. In 1998, Martin made another 14 OM-45 Deluxe guitars, just like the 1930s model. The 1998 model was named the Limited Edition OM-45 Deluxe Golden Era. It had an adirondack spruce soundboard and matching braces, abalone floral pattern inlaid tortoiseshell pickguard, hand-engraved & gold-plated banjo tuners with real Mother-Of-Pearl buttons. Even the back inlay strip had the same mosaic as the original style. With only 14 made this model is a rarity.

Martin announced the Limited edition OM-45 Deluxe GE model with the following press release:

"In 1930, C.F. Martin & Co. offered the OM-45 Deluxe. Just 14 of these instruments were originally made. Priced at $225, the Deluxe was the most expensive flat-top Martin guitar available at the time. Leonard Slye (aka Roy Rogers) played a Deluxe. These highly collectible vintage Martins serve as the inspiration for the Limited Edition OM-45 Deluxe Golden Era® Model. No more than 14 of these instruments will be made, with the construction following the original specifications as faithfully as possible. The Limited Edition OM-45 Deluxe Golden Era® model features an Adirondack spruce soundboard with matching braces, an abalone inlaid tortoise color "teardrop" pickguard (unique to this model), hand-engraved banjo tuners with genuine Mother-Of-Pearl buttons, and a replica of the old style 45 mosaic back inlay strip."