What's it worth?

[UilleamEanraig]

I just paid for a firearm for the first time (other guns have been family weapons): a Lee-Enfield MKIII Rifle. Original Stock, Matching Serial Numbers, and my gunsmith tells me that the barrel is well maintained, the striker/firing pin is in excellent condition, and that the rifle should be a usable weapon.

It's markings say it was produced in the Lithgow Armory, New South Wales, in 1917.

As I said, this is the first firearm I've ever purchased. I know enough about weapons to know when one appears to be in decent shape, and this one was well oiled, with smooth action.

I was looking for a cheap rifle that I could take to a gun range and learn how to use: I've never fired a rifle in my life, my limited experience with firearms centers around shotguns.

I thought this antique would do the trick: it looked to be in great shape, and I paid $175.

I've realized after a little bit of internet research, that this is an incredibly valuable weapon. I can't even find a non firing replica LE for under $200.

Would one of you collectors tell me what people usually pay for a Lee-Enfield in as excellent condition as this one?

I'd like to add it to my insurance.

Also, should I buy a marlin as my learning rifle, and lock this collectible in a safe?

I'll post some pictures as soon as I buy a new cord for my digital camera.

Thanks.

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[LithgowHT]

Can't beat a lithgow 1917, these actions ( the bit the bolt slides through ) were made to one of the highest tolerances up to around 1918 for any Enfield Rifle. This is the main reason most Australian sniper rifles made in the 40s had re-used 1916-1918 Lithgow actions.
If it looks and shoots great you have a rifle worth about $500 AUD. But don't worry about locking it in a safe never to see the light of day again.
Good shooting!