Surely 502 (zip) not 501 (buttons) - good luck finding a shrink-to-fit 502 these days though (the rumpled zip is not actually a problem). So how did the Lee jacket turn out? I remember some ambiguity in its description (dry, raw, rigid so shrink-to-fit? - even though a Lee jacket?!?).
(the number 502 has since been reused by Levi to mean something other than a 501 with a zip)
It turned out pretty f***ing amazing - one of my favourite jackets for sure, and I wasn't even that big a fan of denim jackets before (more of a Harrington man in the summer). I haven't washed it yet as the 13 oz denim was instantly wearable and the fit very good. I understand it's raw but sanforised denim, so I don't expect much shrinkage.
Money well spent.