OK - you're right. I thought the KoM had a fancy-lug model, and that the VS didn't have the braze-ons, but hey - it's been maybe twenty years since I was in Mercians, so what do I know?
Brilliant - a stylish frame with all the braze ons for touring/audax/commuting. Class.
I was going to suggest it's relatively new going on the Reynolds decal. I couldn't see it was 631 but it is the same shape and design as my 2007 631 decal on my Hewitt. I don;t like the gothic lugs much nor the over fancy paint on Mercians but it's a Mercian so it'll be a good frame. for canti studs, some wide profile vintage Deore cantis are required.
Yeah - I could see it was a sticker I wasn't familiar with, soI guessed it was pretty recent, despite the classic look of the paintjob. Sure, that's not what I'd go for, and I'm a bit more of a Nervex guy wrt the lugs, but it looks splendid as a piece.