I consider them rare as they rarely come up for sale. there are plenty of collectors out there with a dozen MkIII's with volley sights in their collections. however these days the acquisition of a totally correct MkIII with volley sights is difficult, and fairly expensive unless you get a lucky deal, the last MkIII I saw for sale here in NZon the open market was nearly $1000. I agree with Bindi that if your rifle is as it was issued after a rebuild modifying it will devalue it, also it is quite likely that is left BSA without volley sights anyway. However if its already a mixmaster and you have maybe less than mint forend with the 'bulge' for the dial sight, i'd go for it if you have the skills and tools. I did it for my NZ marked BSA 1908. I had a ratty forend which I pulled form a boneyard in OZ, I used a pillar drill, sharp curved chisels and some spade bits which I filed to the exact size. I was also lucky enough to have the sported forend which provided the pattern which I also did a practice run on. If you's like some pics of my work ill post them up
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