Should I sell my N04 MkI T?

bearhunter

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I'm in a bit of a quandary here.

I have been slowly cutting down on the Lee Enfields I have collected over the years. There is a No15 transit chest that contains a 90-95% No4 MkI T with all matching numbers and completely correct. No scratches or dings on a dark, well finished stock.

The scope bracket number matches the serial number of the rifle and the MkIII, bloom treated scope number matches the number stamped into the top of the butt, behind the socket. It has a matching scope can, leather scope covers, 1918 sling, sniper veil and pattern 34 ammo pouches. It was either assembled or FTRed in 1946. The scope is dated 1946 and there are no FTR marks or added stake marks on the screws. Wheaty, a member on this site, refurbed the turrets, cleaned out the scope and collimated it properly in the bracket.

Since I bought this piece several years ago, I have shot 20 rounds through it. The bore is at least 98% or better. No noticeable throat erosion, mirror bright and sharp all the way through.

I have two of these rifles. One is unissued at first glance or at the very least, it has never been in the field. There is nothing to indicate the mag ever had ammo in it. No brass wash on the follower or on the inside of the guide lips.

I honestly can't see myself using either of these rifles anymore. For one thing, prices have gone through the roof. When the rifle I shot went to the range, I couldn't keep people away from it. They all wanted to shoot and fondle it. Most were surprised by its weight. I'm glad I only had the 20 cartridges on hand and had already shot them. I don't mind lending a rifle out to someone that wants to try it for the experience, especially if I am within reach. No way it goes to the range alone with someone other than myself. Sweaty hands, corrosive ammo, you name it.

My quandary is whether or not to sell it. This usually isn't a problem for me. Once I decide to sell something, that's it. The rifle isn't taking up safe space as it is permanently stored in its chest. I don't particularly need the money and have refused two lo ballers over the last half hour. Another fellow was honest and admitted he just couldn't afford it, but acknowledged the price was fair. The lo ballers were almost insulting in their offers. This is to be expected though and I politely declined their offers.

I will keep the 98% rifle and pass it on to my grandson, unless he shows no interest, then, it will be time to go on a cruise.

These rifles are getting harder and harder to find. $5000 for a correct, all matching No4T in its transit chest, with accessories is about normal. they seem to increase about 10% per year in value, if they aren't used to death in the meantime.

Any thoughts?????
 
Not too many items you can invest in out there that return 10% on your money these days. I would probably keep it just based on that alone. Sounds like your plan is perfectly sound IMHO. Just my 2c. Lo ballers all over the place and there always will be people looking to get something for nothing - they can pound sand. I can't afford it, but I agree the price is fair as well.
 
If I was a bit more set up financially right now I'd be all over this Bearhunter. That's a great value at 5k and would be an ideal investment opportunity as I already have the repro 4T to shoot the snot out of. If you decide to hold onto it for another year keep me in mind!
 
That sounds like a heck of a collection piece and the crown jewel in any Lee-Enfield collection. If you're not hurting for money and it's not hogging space in the safe, I'd say keep it, if only for the value it WILL accumulate over the next fives years or so, the price for something like that is only going to go up.
 
Thanks guys, I saw those on Marstar's site and noticed the rifles there are rated Exc ++ and Exc +++.

They don't come with accessories either. My rifle is all original and though it would be rated very close to Exc, I am reluctant to do so.

Condition is everything when it comes to rifles such as this. There is quite a value drop from the ratings on Marstar's site to what I value my rifle at. It's like the price of an unwrapped No4 MKII and one that has been unwrapped and shot to see how well it will do. Cuts the value by 40%. Again, I must stress this is just IMHO.
 
If you don't need the money why sell? If it were me and I wanted to sell one I'd seriously look for a collector that I know, it would give me a piece of mind. I really now mostly deal with a small collector circle, I can genuinely trust what I'm purchasing is real and so can they. Anyone know the the marstar T's are original legit?
 
Of course you should sell it... To me.
for $300.

$5k could certainly be used for more practical things than a rifle you don't use.
 
I just sold my matching #4 Mk 1 (T) in November. When I purchased it I was very into World War II re-enacting and I used it 8-9 times in practice and matches, but I eventually stared worrying about damaging 1945 era glass. My focus has changed in the past couple of years to 1914 "Canadian Contract" Colt Commercial Models so this enabled me to buy an original with 90+% finish.

If you decide to sell, I recommend that you provide extensive details of the gun when you advertised, there are a lot of repros these days being passed off as an "original". Don't be chinsy about pictures, and you will get what the gun is actually worth.
 
If i had one I would be very attached to it and would probably shoot it not a lot, but regularly. The only thing that would move me to sell it would be great need of the money.

Since it isn't bothering you where it is and you don't need the money now, I counsel that you should keep it and let it keep appreciating in case some day you do need the money. (And if that time comes, perhaps then I will have the money you need. :))
 
I picked up a No. 4T non matching scope to rifle with Indian markings here on the EE 2yrs ago. Nobody wanted it because it was used by India (seems nobody reads WW2 history like the battle of Monte Cassino) and when his price went below 3k I contacted him and set up a meeting. The rifle was fully legit and the scope and bore were all excellent. The rifle is very accurate and I got a chance to fire it at 800m at Connaught Ranges and hit the 4ft with it. People do pay a premium for matching scope to rifle, and more if it's Canadian issue. The accessories are a nice touch. I think Marstar's prices are that high because he can keep it on his website for years until someone rich enough or impatient enough will pay that much for it. 5-6k seems about right.
 
If you don't need the funds, wait until you know what the interest of your grandson is. If nothing else, it might help with his tuition some day.

We like to hope that our offspring might share the same interests as us or cherish an item that we once owned for sentimental reasons, but all too often they may just liquidate it for cash. I'm not leaving too many legacy firearms in my estate for this reason.
 
what you can get for it today might not be tomorrows price. svt 40s were $650 8 years ago, hard to sell one now. Lugers were through the roof , hard to sell now , laws change , governments change.
maybe some government will be dumping there Enfield reserve next week we don't know .A lot of people wish they sold there converted autos back in the day.
 
We like to hope that our offspring might share the same interests as us or cherish an item that we once owned for sentimental reasons, but all too often they may just liquidate it for cash. I'm not leaving too many legacy firearms in my estate for this reason.

be sure to make it known what they are worth, and that the RCMP doesnt have the right to come collect them after your death, it would be very sad to have one cut up because a relative didnt know better
 
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