first of all...the cap is not original. i paid $15 or 20 for it. it is an old nikkor from that era, but i believe it was used on their enlarging lenses too. maybe they are the same exact cap...not sure. as for being a re-paint...pretty sure that is not the case. i think it's black alloy (not painted). the look of your lens is consistant w/ that. also...i bought this from an old dude that was the original owner. i just bought his 85/2 nikkor recently...also in great shape. the guy is not up on collector prices and such, and was just selling some old film gear. i'm not sure who said it was repainted...but i seriously doubt it. as for value...i paid $455 on ebay, and that was taking a chance as the photos were HORRIBLE. i took a chance and lucked out w/ the seller. he had lowish feedback at the time, and bad photos. but he ended up being a great guy, and the lens was nice. it further had a full overhaul by dag to the tune of $65 (or 85...i can't remember). finally...didn't it come w/ the LTM -> M adaptor? i thought so. anyhow...i hope this clears some things up. at the end of the day i could be completely wrong, and it could be painted. i just seriously doubt it based on who it was acquired from.