Resolved.

I think it is odd your 1950 LB has a Mk2 rear sight. I have seen many minty examples over the years and every one of them had Mk3 rear sights. With all the pitting I would think somewhere less than $1000 would be fair. Value is subjective but this example looks kind of rough shape.
 
The old fellow doesn't deserve to be ripped off, but the rifle has deteriorated by his level of care. The rifle is certainly salvageable, but those pits won't come back. What I've done over time is to brush all the parts with red Automatic Transmission Fluid and store in a long heavy gauge plastic bag. In two months time, go back and wipe the excess off. It will look better!
 
I bought a minty Irish Contract No4 MK2 for $1100.

There are a bunch of No4 rifles on ####### for silly prices but there are also some pretty nice ones for less than $1000. Just because people post rifles for big prices, doesn't mean they are selling for those prices. From what I have seen on #######, I'd say that rifle is not worth more than $700. It also has a lot of wear and pitting etc. If you want a nice No4, spend a little more and get a way nicer one.
 
It's too bad it was rode hard and put away wet.

I personally wouldn't entertain it in the condition it is in, but if I had to have it for whatever reason, I wouldn't pay more than $800 as the market sits today.
 
It looks like that rifle bore has been "ringed". It may or may not affect accuracy but lowers the value of the rifle IMHO. I would say a fair price would around $600.00 - $700.00 depending on the overall condition.
 
RifleDude said:
It looks like that rifle bore has been "ringed". It may or may not affect accuracy but lowers the value of the rifle IMHO. I would say a fair price would around $600.00 - $700.00 depending on the overall condition.
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Fwiw, when I blow it up, it's not bulged. It's got a ring of rust, likely a cleaning patch was left in the bore and got damp. I think it would mostly clean up with some vigorous scrubbing.
 
The best thing I've used for this is to find an original buttstock pull through with the issue mesh gauze. Takes rust and jacket fouling out better than anything else I've tried.
 
Irons78 said:
Agreed. At this point I'm just helping the old fella out. Will let him know the price range from the info here, and he'll likely sell it for a lot less.
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If you are looking for a decent shooter and / or pride of ownership, even a much lower price may not be a worthwhile expenditure?
 
0000 steel wool.
Believe it or not many barrel manufacturers “lap” their new barrels with steel wool.
Ammonia naturally eats copper. About $3.00 for a litre at your local grocery store.
 
The marketplace for almost everything has changed dramatically in the past decade. Most sales are done on line. For example I was looking for a printed copy of The Auto Trader newsprint magazine. Nope. They don't exist anymore. Go on line. The rifle's owner probably wouldn't even know how to spell CGN or contact one of the auction houses, but that is where things are sold in 2022 (err, almost 2023).
 
That FUGLY :(

Its interesting that the damaged area has a very sharp and consistent start point. Makes me think someone fired a round into some kind of bore obstruction. The bulleet hits the obstruction and then flattens out 90 deg to the bore axis, cutting into the bore at that point.

The damaged section may or may not negatively affect accuracy. Only way to tell is to shoot it for groups. However that spot will always collect copper.
 
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