Abstract: An inexpensive minimum component loudspeaker which dispenses with the need for either a spider or top plate, consisting of a back plate having a centrally disposed hollow post, an annular permanent magnet mounted on the back plate and closely adjacent the post, and a basket having a central portion lying flat against the permanent magnet and including a central opening concentric with the post and a folded back annular flange which lies flatly against the base of the basket to form a double layer of metallic material disposed closely adjacent the confronting surface of the post to form an air gap. The additional metallic material channels the magnetic lines so that there is a maximum concentration of gauss lines within the air gap. A single piece combination cone and dust cover having mounted thereto a bobbin with coils to form a voice coil is precisely located in relation to the air gap by means of a collapsible shim gauge.