Not a knob, a peep aperture screwed into the threaded hole to sharpen focus.How would a knob screwed into the peep sight be useful?
Also, I don't have a base. I found this with some parts I bought.
Is this worth listing for sale somewhere?
I had a Lyman 48 installed on my then new Remmy 700. What a setup it was. Sadly I had to sell it when I needed funds. I bought the rifle and the sight in 1967. The rifle was $129.95 & the sight was $50. (quite a sum of money back then).It IS a Lyman #48, as has been noted. Does it have a code stamped to the inside by the elevation screw? If it says "WJS", it goes to Winchester models 54 and 70 as well as Remington models 721, 722. Later iterations will also include Remington models 725 and 700. Also fits Savage 110. There are different bases marked #48 WJS over the production run, the later bases requiring less stock inletting. I've heard the #48 series was discontinued in the mid-1960's.
Wow, you guys are amazing. I knew I'd get an answer here.
There is a D34 stamped underneath. Does that mean anything?
I'd say the original base, maybe floating around somewhere [or still attached to a rifle like Slamfire observed], has a D34 stamped in the recess where your top end is supposed to ride.