That is a factory RPB wooden buttstock,
Fairly early. Earlier examples had only one notch on the legs from what I’ve seen and sharper contours. Later examples from SWD had both legs notched and the Cobray trademark stamped on the tang and rounder contours. Some examples had the Cobray stamp on the butt end, some did not. It’s a crap shoot. Some even had the logo stamped on the side (very rare)
They are going for around $150-250 nowadays, they were selling for more a year or 2 ago but the craze Seems to have died down a lot on GB and they have become harder to get rid of and don’t fetch top dollar like they were a year or 2 ago.
These stocks were introduced by RPB in 1979, advertised as their own design. There is what I believe to be a prototype version of it displayed on the cover of the RPB catalogs, I also have a copy of a Polaroid photo from Wayne Daniel’s photo album that shows the same oddball prototype stock with the large logo on the side and slightly different profile than the production units. I have never seen one of that shape in the wild. The stock advertised for sale in the same catalogs has the standard production profile.
The stocks came as a factory option on the RPB “deluxe” carbine with a wooden forend, and they were sold on their own as an aftermarket upgrade as well.
Prototype style stock.
Deluxe carbine
Advertisement from 1981 RPB catalog
Early Sharp contoured RPB stock (like yours)
Slightly later example with rounder edges and Cobray marking on butt
M11 version. This example came from SWD.
Another SWD unit with Cobray trademark on the tang
