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$300 is pretty decent for a matching No.5 that isn't too beat up.
You usually see them listen for 400-500 on the EE (not that that is necessarily proper market value).
This is waaaay overpriced. Even allowing $200 for a No.5 bayonet ($100 if Indian made). Lots of decent ones around for $300 range, just have to wait for the right deal. Trust me they are fairly common at gunshows and here (CGN).
Geoff