I also have a Rolecord III that I bought couple of years ago. First thing I did was changing the GG (original one pretty dimm). There is a fellow who sells better GG at reasonable price but I don't recall his whereabouts right now. John, if you need when I get home I can PM you the contact details of this guy.
I'm very happy with my Rolleicord, took some nice pictures with it. Mine has the Xenar lens.
"There's more to the picture
Than meets the eye." - Neil Young
my good fortune brought me one in very nice condition - except sticky slow shutter speeds.
my first rollei TLR!!! (have a rollei 6002, i looooove in spite of its weight)
i had casually been reading threads here and at rff and at nelsonfoto about rolleicords. seemed the rolleicord v in particular has a quite a following...and then i found one priced about in the middle of what "they should go for" ...and the rest is...here!!!
i haven't been this jazzed about a camera in awhile.
the aperture and shutter speed controls move nicely without being too stiff or too loose...the shutter sets and fires as it should (except for those #@*!!#^!! slow shutter speeds).
the the viewing and taking lens are in good shape...the focus knob is smooth and the film advance seems smooth enough...
the back opens and closes without a hitch (no pun intended ) ...the viewing hood and magnifier work smoothly...
came with a rollei lens cap and a short padded strap. now to get a bay 1 hood and an orange filter for - my favorite b&w filter.
I have to take the front off of mine to sort out a minor problem. Occasionally when winding the focus back to infinity, it gets stuck on something and dosesnt go all the way back. A tap on the side sorts it out so there must be something loose in there.
And I have just done it. There are a couple of spacer pieces which go between the front plate and the focusing mechanism mount with the four screw holes. They look a little bit like long thin spanners. I think some of the screws were loose and one of these was occasionally catching on something.
Anyway, it seems to work now but I must have put the front back on only to take it off about seventeen times until I got the double exposure prevention/film wind stop mechanisms correctly linked up!
"People who say things won't work are a dime a dozen. People who figure out how to make things work are worth a fortune" - Dave Rat.
In the mid 80's my father and I bought a secondhand Vb for £60, in beautiful shape and used it for years. It had a Xenar lens which gave unbelievable results. I still have large B/W prints I made at the time, the sharpness amazes me now, even after years of using a Rolleiflex 3.5f Planar. The 'cord is a lovely camera, real quality in a small package!