Lowe Vintage sold this mandolin brand new back in 2018, and the owner was very meticulous in its care; the condition could only be described as "excellent"! From the Collings wesbite:
"Built in very limited numbers, the MF5 Deluxe V tops our mandolin line. Multiple black/white purflings and elegant appointments accompany our most carefully selected tone woods in an impressive display of craftsmanship. With elaborate hand etched inlays, a fancy engraved tailpiece, and our ultra thin varnish finish, we present to you our flagship mandolin."
Top: Adirondack spruce
Back/Sides/Neck: Eastern flamed maple
Body Binding: Ivoroid with b/w top and side purfling
Fingerboard Binding: Ivoroid with b/w top and side purfling
Peghead Binding: Ivoroid with b/w top and side purfling
Bracing: Tone bars
Bridge: Ebony w/ Adjustable Saddle
Fingerboard: Ebony w/ MOP dots
Nut: 1 1/8"
String Spacing: 1 9/16"
Neck Profile: Rounded V
Neck Joint: Dovetail
Frets: Medium 18% nickel-silver
Truss Rod: Fully Adjustable
Peghead Veneer: Ebony w/ MOP Collings logo and deluxe flourish
Tuners: Nickel Waverly w/ pearl buttons
Scale Length: 13 7/8"
Fingerboard Radius : 5 1/2" - 11 5/8" compound
Body Finish: High gloss alkyd resin varnish
Pickguard: Ebony w/ ivoroid binding
Tailpiece: Collings original tailpiece w/ custom hand engraving
Serial number: F1997