Weaver K4-W - Worth Repair?

I vote no. I have two and even in their prime, a new scope is better all around. If it is for sentimental purposes, that is another story.
 
Scope seals dry out with age and air leaks develop. As I mentioned before, submerging a scope into a tub or sink full of warm water will cause the air/gas in the scope to expand and leak out of any gaps. If a scope has been fogging up, there may be several streams of bubbles that come out. Removing the scope while air is still leaking out and drying it off quickly will prevent further moisture from getting in.

Scopes don't fog up unless moisture gets into them through an air leak. When a rifle is taken from a warm house or vehicle into rain, moisture accumulates on the scope surfaces. When the surface is wet and the air inside the scope (or nitrogen gas until it leaks out) shrinks in volume, it creates a vacuum, sucking moisture into the tube, and condensing on the lenses.

Even cheaper new scopes can have air leaks, so it makes sense to check them early and return them if leaks are found. Variable scopes sometimes leak around the power ring.
 
Up to $100 or so I'd get it fixed just for memories but new aluminum tube K4s are only $130 and are good scopes. They also have a Weaver K4 4x38 80th Anniversary - Steel Tube for $465 but I wouldn't spend that much on a K4.
 
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