Collectability of drilled and tapped LE No5?

Canuck Bob

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I have a 06/45 No5 in good shape. It has matching numbers except for the magazine and no bayonet. It does have two drilled and tapped scope mount holes on the front receiver top. Does this affect any historic value?
 
I have a 06/45 No5 in good shape. It has matching numbers except for the magazine and no bayonet. It does have two drilled and tapped scope mount holes on the front receiver top. Does this affect any historic value?

Yep. I usually end up with sporters. Mount a scope and get back to us on the wandering zero, lol
 
Does it affect historic value? Yes. Significantly.

Is there a market for them? For sure. People like me have issues with iron sights so I really only shoot scoped rifles. Ended up buying a bunch of sporterized rifles (not done by me!) already drilled and tapped with a rail. I have a No 4 Mk1, No. 4 Mk2, and a P14 with scopes. Sure are fun to shoot!
 
Thanks, I bought the rifle to shoot and was aware of the holes when I bought it. I'm asking in regards to making minor mods like a trigger job. The holes will be plugged and it will remain as issued externally.
 
Holes can be welded up, non-issue really.

That detracts even further from the value because you have no idea how competent the welder was, and the gun now has to be refinished. Any permanent modifications dramatically alter the value of a collectible piece. If it’s in good shape, your #5 is probably worth no more than $300, but probably a little less.
 
That detracts even further from the value because you have no idea how competent the welder was, and the gun now has to be refinished. Any permanent modifications dramatically alter the value of a collectible piece. If it’s in good shape, your #5 is probably worth no more than $300, but probably a little less.

As they become scarcer, this will be less relevant.

Grizz
 
These days the flash hider is worth almost what the rifle is. It is not a pristine collector but it is still a #5.
 
I'm proud of the heritage and condition of this rifle. It has been a long time since a No5 in this condition sold for $300. The bore is pristine. I am going to spend the time to cast bullets, tune a load, and carefully sight it in for hunting. Thank you all for your input.
 
That detracts even further from the value because you have no idea how competent the welder was, and the gun now has to be refinished. Any permanent modifications dramatically alter the value of a collectible piece. If it’s in good shape, your #5 is probably worth no more than $300, but probably a little less.

Incorrect. A good weld, properly done, is a fine repair. And you're way off on values. A decent No.5 with correct muzzle, is $750+. With original bayonet, around $1200. Not 1985 anymore.... :). Even if left as is, the scope holes would only affect value slightly, of an otherwise nice rifle.

Where are you seeing Jungle Carbines for under $300?
 
A No.5 has, not yet, reached the same ball park as a No.4. No.4s are selling at the ~$800 price point, and for excellent examples more than that. No.5s are going to take some time before they start selling at the same price point, simply because the myths of piss poor accuracy are still too prevalent.

There's also the fact that the No.5 was a much quicker bubba job, than the No.4. That and so many No.4s ended up being bubba'd into No.5s you need to actually know what you are looking at - lightening cuts...

Scope holes detract from the value, it doesn't matter if they're nicely tapped and drilled or some sort of hideous abortion. The less pristine a piece is, the lower the value.

As for the No.5 bayonet, they're actually relatively rare due to low production numbers - make sure you actually get a wartime production bayonet if you pay the going rate and not a post war or "RFI" reproduction.
 
Incorrect. A good weld, properly done, is a fine repair. And you're way off on values. A decent No.5 with correct muzzle, is $750+. With original bayonet, around $1200. Not 1985 anymore.... :). Even if left as is, the scope holes would only affect value slightly, of an otherwise nice rifle.

Where are you seeing Jungle Carbines for under $300?

Scope holes will effect the value, and more than slightly. Decent No. 5 rifles are common enough that a serious collector isn't going to want one that has been drilled and tapped.
As far as a weld repair goes, plugs could be installed and the areas TIG welded over. Then contoured. Filed and polished. Fortunately, most all No. 5 rifles were finished with Suncorite. A coating is great for hiding things like a dressed over weld. Ceracoat would probably work. Of course, if only the receiver is refinished, the gun is going to look odd. Might be necessary to do all the metal to match. What are quality repairs and refinishing going to cost? A refinished gun will sell for less than a fine original. Pay for the repairs, but the cost can't be recovered.
 
Doesn't no5 have inherent receiver flex due to lightening cuts?

And only value they have is historical?

Back away from the keyboard! The internet lore is strong on this. There are many attempted explanations, and none seem to be very truth-y. The No.1 and No.4 depend on careful stocking, screw tensions, foreend up pressure, and other voodoo factors. IMHO, the British just didn't get the answers they needed from the combinations of changes they made.
 
Back away from the keyboard! The internet lore is strong on this. There are many attempted explanations, and none seem to be very truth-y. The No.1 and No.4 depend on careful stocking, screw tensions, foreend up pressure, and other voodoo factors. IMHO, the British just didn't get the answers they needed from the combinations of changes they made.

All my experience was with No4, never had no5. So yea, just another guy on internet.

I tend to respect Ian's (FW) opinion. He thinks No5's troubles are from general lightening attempts of what was a solid No4 rifle design.

But in general, as a milsurp collector, I'd avoid anything de-sporterised, drilled and tapped, refinished and "improved".
 
Ha, ha, ha. I remember waiting anxiously for my No5 JC to be d&t for a Weaver T01 mount back in the early 60s. Sportering an $18-20 dollar LE was a very good option compared to buying a win Model 70 or another commercial sporter..

That rifle got me a few truckloads of deer as well as a nice moose and bear and I'd still reach for it for hunting in the bush.
 
A No.5 has, not yet, reached the same ball park as a No.4. No.4s are selling at the ~$800 price point, and for excellent examples more than that. No.5s are going to take some time before they start selling at the same price point, simply because the myths of piss poor accuracy are still too prevalent.

There's also the fact that the No.5 was a much quicker bubba job, than the No.4. That and so many No.4s ended up being bubba'd into No.5s you need to actually know what you are looking at - lightening cuts...

Scope holes detract from the value, it doesn't matter if they're nicely tapped and drilled or some sort of hideous abortion. The less pristine a piece is, the lower the value.

As for the No.5 bayonet, they're actually relatively rare due to low production numbers - make sure you actually get a wartime production bayonet if you pay the going rate and not a post war or "RFI" reproduction.


The main reason No5 bayonets are rare is because they were modified for use on several other types of firearms, such as MkV Stens and later FN FALs.

Most of the No5 rifles sent to India, went without a bayonet and the Indians had to produce their own.

That being said, a 75% No5 Carbine Bayonet usually sells around $400+. The last flash hider I sold was $125 and the buyer was just happy to get it.
 
Scope holes will effect the value, and more than slightly. Decent No. 5 rifles are common enough that a serious collector isn't going to want one that has been drilled and tapped.
As far as a weld repair goes, plugs could be installed and the areas TIG welded over. Then contoured. Filed and polished. Fortunately, most all No. 5 rifles were finished with Suncorite. A coating is great for hiding things like a dressed over weld. Ceracoat would probably work. Of course, if only the receiver is refinished, the gun is going to look odd. Might be necessary to do all the metal to match. What are quality repairs and refinishing going to cost? A refinished gun will sell for less than a fine original. Pay for the repairs, but the cost can't be recovered.

No real need for a plug, easy plug weld. Then touch up. Myself, I'd just leave the holes. Still a nice rifle with an interesting history.
 
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