Huss
Veteran
Because I love you guys, I decided to post this up for you. You will be surprised and astonished as to how easy it is to get rid of the dancing LEDs, and it will maybe take 30 minutes of your time.
1. Remove the little black locking clip that is around the chrome shutter button, between the shutter button and the shutter speed ring. Do you need special tools? No! I just used a fine tip jeweler's screw driver. I guess that could be considered a special tool... Anyway, after it is slightly loosened you can turn it with your fingers. Keep slight pressure on the shutter button so it does not fly across your room (it has a spring underneath it).
Lift the shutter speed dial assembly off. In this pic I have rested it next to the shutter release button, and you can see the removed retaining clip on the right.

2. Here I have lifted the shutter speed dial off the ISO dial, revealing it. You can see a glimmer of copper underneath it..

3. I have now separated the ISO dial, revealing the copper spring underneath it:

4. Here is how you get rid of the dancing LEDs. You need to polish the UNDERSIDE of the ISO dial, as well as the copper spring. I use a pencil eraser. See all that silvery grey shmutz? That's oxidation people. That is what needs to be removed:

5. 30 seconds later the puppy is sparkling! Now that's what we're tawkin' about Willis!

I then wiped it off with a Q-tip soaked in isopropyl alcohol (rubbing alcohol) to clean it even more, then wiped it with WD40, then wiped it with a clean cloth to remove that.
6. Do the same to the copper spring:

7. Now put it all back together, and boom shakka lakka your dancing LEDs are no more.
Now enjoy what is perhaps the finest M mount film camera ever made.
Peace out
Huss
1. Remove the little black locking clip that is around the chrome shutter button, between the shutter button and the shutter speed ring. Do you need special tools? No! I just used a fine tip jeweler's screw driver. I guess that could be considered a special tool... Anyway, after it is slightly loosened you can turn it with your fingers. Keep slight pressure on the shutter button so it does not fly across your room (it has a spring underneath it).
Lift the shutter speed dial assembly off. In this pic I have rested it next to the shutter release button, and you can see the removed retaining clip on the right.

2. Here I have lifted the shutter speed dial off the ISO dial, revealing it. You can see a glimmer of copper underneath it..

3. I have now separated the ISO dial, revealing the copper spring underneath it:

4. Here is how you get rid of the dancing LEDs. You need to polish the UNDERSIDE of the ISO dial, as well as the copper spring. I use a pencil eraser. See all that silvery grey shmutz? That's oxidation people. That is what needs to be removed:

5. 30 seconds later the puppy is sparkling! Now that's what we're tawkin' about Willis!

I then wiped it off with a Q-tip soaked in isopropyl alcohol (rubbing alcohol) to clean it even more, then wiped it with WD40, then wiped it with a clean cloth to remove that.
6. Do the same to the copper spring:

7. Now put it all back together, and boom shakka lakka your dancing LEDs are no more.
Now enjoy what is perhaps the finest M mount film camera ever made.
Peace out
Huss