Most guitars and basses with passive pickups use  02 (or .022) and .05 (or .047) for tone capacitors. The capacitor and tone pot are wired together to provide a variable low pass filter. This means when the filter is engaged (tone pot is turned) only the low frequencies pass to the output jack and the high frequencies are grounded out (cut) In this application, the capacitor value determines the "cutoff frequency" of the filter and the position of the tone pot determines how much the highs (everything above the cutoff frequency) will be reduced. So the rule is: Larger capacitors will have lower cutoff frequency and sound darker in the bass setting because a wider range of frequencies is being reduced. Smaller capacitors will have a higher cutoff frequency and sound brighter in the bass setting because only the ultra high frequencies are cut. For this reason, dark sounding guitars like Les Pauls with humbuckers typically use .02uF (or .022uF) capacitors to cut off less of the highs and guitars like Strats and Teles with single coils typically use .047uF or .05uF capacitors to allow more treble to be rolled off. Keep in mind that the capacitor value only affects the sound when the tone control is being used (pot in the bass setting) The tone capacitor value will have little to no effect on the sound when the tone pot is in the treble setting.

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