Thanks for the info. I am sure the mandolin was repapered, just from the look of it. While I have no experience with either building or playing mandolins, I actually built and sold quite a few dulcimers years ago when my sister and future wife were involved in traditional mountain music. That's why I was familiar with Mr. Ledford's work. He is an extremely competent instrument builder and completely disassembling a mandolin and refurbishing would be an everyday task for him. After your information and some other facts I have been able to dig up, I have my own theory as to the history of the mandolin.
As I mentioned, this mandolin was rebuilt in the mid 60's, and old instruments certainly didn't have the value they do today. Particularly in this area, they were viewed more from their tonal qualities and serviceability than from their collectors standpoint. At the same time, I doubt that an instrument maker of Ledford's ability and experience would not know the origins of a traditional folk instrument. I really suspect that the instrument may have been in serious disrepair and he possibly rebuilt it with parts from several mandolins. I don't remember there being a serious collectors market at the time, and it was likely done to produce the most useful instrument possible. This scenario I think is supported by the fact that he sold it on consignment through a conventional music store. Keep in mind that at this time particularly, he was probably the best known dulcimer builder in the US, often associated with the work of Jean Ritchie. This was during the period when traditional folk and mountain music was growing, and work on other types of instruments would have been a sideline.
Sorry to ramble, but I believe the facts lie somewhere near here. Thanks for the help. We have no intention of selling the mandolin, just trying to gather information since its been in the family so many years now.