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While looking through my local gun store, I have access to the back areas. There, low and behold I see a MK V (is this correct terminology ??) . Rifle has a 3 digit serial number and is in very nice shape. Wood shows handling dents and dings, but no gouges. The metal is a nice dark color. The bore is nice and shiney. The mag cut off is there. The SN is 62# I think. I was so excited I only saw the first two digits.

First off, am I using the correct term for the rifle, and second I realize these are not that commen, but how "rare" are they. I think the asking price will be in the $1500 - 1700 range. Is this fair ?? I am trying to figure a to swing a deal.

HELP !!!!
 

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Like Doogal said they are quite uncommon if not downright rare. Do you remember what date it had on it? They were made between 1922 through 1924 if I remember correctly. I bought a 1923 dated one for $525 last year. The seller knew what it was but mine has the incorrect cut-off, saftey, mismatched bolt and a replacement buttstock but is otherwise all there. If the rifle you mention has the correct parts and is matching then I would imagine the value would be much more than what I paid for mine.

Here is a link to a website that has a lot of pictures and information about the No 1. Mk. V rifle and what a correct one should look like. Hope this helps

http://imageevent.com/badgerdog/generalstorage/no1mkvtrialsrifle
 

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I've seen them go for $1500 at auction and not sell for less (though admittedly not all that recently). Your call, assuming all is present and correct, you won't go too far wrong at that price...there aren't that many of them around. The correct terminology is ShtLE (or SMLE) MkV.
 

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Discussion Starter · #5 ·
I've seen them go for $1500 at auction and not sell for less (though admittedly not all that recently). Your call, assuming all is present and correct, you won't go too far wrong at that price...there aren't that many of them around. The correct terminology is ShtLE (or SMLE) MkV.
Thx for the information guys. I will be heading back to check out more thoroughly. I have never seen one in person so I was quite excited. It is not on the general sales floor yet so I can pull it apart and look.

doogal, super, and jrhead what should I look for in terms of cut off ? and proper stock markings. The fore end was serial numbered to the receiver. I do recall the butt stock matching in color. It had the correct style of magazine, but is there a specific type to look for ?

If I can snap some photos I will.

Thanks again for the input

Steve
 

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I'm not sure about the magazine but the cut-off should NOT have a hole in it, the safety should also be marked with a "V" and not a "III". I'm not sure about the stock markings either but a more knowledgeable person should chime in later to offer more insight. Mine has a marking on it denoting that it served time in India which I have been told is where a lot of these ended up at (I attached a picture of it below). Matching forend and wood color sounds like a good sign though

This other link from the same website has a good picture of what the proper cut-off should look like
http://www.milsurps.com/content.php?r=181-1924-ShtLE-No.1-MkV-Rifle
 

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The last original one I followed in an online auction sold for $1200 plus Buyers Premium. A restored example went for $600 at the same sale.
 

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They made 20,000 of these, so über rare they are not.

These really are the most common of the "rare" Enfields, and should go between $600 and $1,100 dollars. One sold on the trader IIRC just a few months ago for the low number.

Check the completed auctions of Gunbroker and see how many are up for sale in a year. If you want RARE, look for a No. I Mk.VI. Now THAT's rare.
 

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I think it had been sanded begfore I got ahold of it. The band wasn't exactly a perfect fit.

I know we're in different countries and the prices are out of kilter. I honestly feel for you guys down there having to pay what you do sometimes. You work just as hard for your dollar as we do ours.
 

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I think it had been sanded begfore I got ahold of it. The band wasn't exactly a perfect fit.

I know we're in different countries and the prices are out of kilter. I honestly feel for you guys down there having to pay what you do sometimes. You work just as hard for your dollar as we do ours.
Ahh well if the handguard had been sanded I wouldn't have been too interested in it anyway.

We pay significantly more for guns across the board. No4 Mk2's in the wrapper sell for 2000 plus here and I often hear them selling for under the 1000 mark in the US. But like I said before, these MkV's hardly come up for sale around here and I've had real serious offers for this gun.
 
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