They are up there. It would be an advanced collector who would be prepared to pay that kind of coin for one. In which case , they might be more discerning, and be looking for matching numbers. But 1k is not out of the question for this one if you find the right buyer.
Hard to appraise without handling it so this holds no more water than a wild guess. Currently they seem to be worth more and hold a premium over a similar rifle in 303. Crazy! Dealer websites are not realistic. EE, some people are a little too optimistic with their listings. I watch and see at what price they actually sell. Ballpark, for this one $700-1000. It would move and sell at $700 but you would be hanging onto it for a while at $1000. .
I did a quick google search for these for sale and could only find a few that are for sale or sold recently (all in the USA, none in Canada) and they seem to be selling in the USA for about $950 - $1200 USD. Simpsons has a rough looking Australian one (which most seem to be Australian ones for sale) listed for $995.
Most also seem to be non matching for some reason, maybe when they converted these rifles as they were only low pressure .22's they did not bother to restamp new matching serial numbers on all the old parts.
Maybe they are like most Lee Enfield's and have increased quite a bit in recent years. I paid $850 for it when I bought it as it looked so nice and did not want to #### around with the seller who had sold me some other nice rifles at very fair prices.
I also found this interesting bit of information from another US based gun forum -
.22 SHORT RIFLE MK III
Approved 9th August 1912 (LoC 16291) for Land Service, this rifle was made up from Converted Mk II and Mk II* SMLE rifles (which were themselves either "long" Lee-Metford or "long" Lee-Enfields converted to "short" Lees). About
11,000 conversions were done by BSA, LSA and RSAF Enfield.
.22 RF PATTERN 1914 SHORT RIFLE No. 1
A wartime trainer approved 24th May 1915 (LoC 17320) for Land Service, this rifle was also made up from Converted Mk II and Mk II* SMLE rifles (see above) by boring out the .303 barrel and inserting a
.22 caliber liner inside the barrel. Conversions were done by A.G. Parker & Co. Ltd. and Wesley Richards & Co. About
427 conversions reported.
.22 RF PATTERN 1914 SHORT RIFLE No. 2
Approved 28th April 1916 (LoC 17755) for Land Service, this is the first rifle made from up from an original SMLE Mk III. Again, the .303 barrel was bored out and
a .22 caliber liner inserted. Conversions were done by A.G. Parker & Co. Ltd. and Wesley Richards & Co. Some
1,743 conversions reported.
.22 RF SHORT RIFLE PATTERN 1918
Approved 10th July 1918 (LoC 21675) for Land Service, this rifle is unique in that it used a dummy .303 cartridge as a holder or conveyor for the .22 rimfire cartridge. The
.22 barrel liner was soldered into place after the chamber. About
975 conversions done by W.W. Greener Co.
.22 SHORT RIFLE Mk IV
Approved 19th November 1921 (LoC 24909) for Land Service, this rifle starts out with a used SMLE Mk III or Mk III* (like the
1914 Short Rifle No. 2, above) but
uses a solid, not tubed, barrel. Total number of conversions done by RSAF Enfield unknown.
RIFLE No.2 Mk IV*
Same rifle as above; just a change in nomenclature adopted in 1926. This rifle was the principal trainer for the next thirty years and was widely produced by in Britain, Australia and India. Issued in Canada, Australia, New Zealand, South Africa, Ireland and India, a variety of issue and ownership marks can be found on these rifles. At least
30,000 conversions made by the various factories.
The next grouping consists of trainers from the
Rifle No.4 family of rifles:
RIFLE C No.7 Mk I
The first Enfield built from the ground up as a .22 trainer and not as a conversion or retro-fitting of an earlier rifle - albeit built on a No.4 body and intended to mirror the Rifle No.4 as closely as possible. About
20,000 made at Longbranch, Ontario 1944 - 1950's. Unknown number of wooden transit chests also produced.
RIFLE No.7 Mk I
Although a No.7 Mk I, the British version is very different from it's Canadian counterpart (above). This rifle was a conversion of an existing No.4 and is interesting in that a BSA five-round commercial .22 magazine was welded into a SMLE Mk III* magazine to produce
the only Enfield .22 repeater. These rifles were a special contract and produced exclusively for the
Royal Air Force (RAF) in 1948.
Total production 2,500.
RIFLE No.8 Mk I
An interesting hybrid, a .22 caliber trainer intended to be also be used in smallbore rifle competitions, this rifle was introduced in the late 1940's. About
15,000 produced at Fazakerley. Another
2,000 were produced
by BSA Shirley in the 1950's specifically for
New Zealand.
RIFLE No.9 Mk I
The last of the .22's, these are No.4 rifles sleeved in a manner similar to the WWI
Pattern 1914 Short Rifle No. 1 (above). The work was done by Parker Hale in Birmingham 1956 - 1960.
3,000 rifles made specifically for the
Royal Navy.
This list is not all-inclusive. The Long Lee family of .22 trainers is not included, nor are any of the .22 trials rifles.