The extra holes have already devalued the kit as much as a rewrap would but the other issue would be that new silver sparkle wrap and older silver sparkle wrap probably aren't going to match that well so, unless you want to rewrap the whole set, you might not be happy with the results with one drum not really matching the rest. This might not be a problem if the vintage drums are nearly mint but typically there will be some fading or yellowing that brand new wrap won't exhibit.Question
With all those drilled holes in the BD, would it devalue the kit if I re-wrapped it in new Silver Sparkle wrap? I'd have to re-wrap the toms to match as well. I'm afraid taking the original wrap off would kill the value of the drums even with the little problem areas.
I've got "original" hardware - arrived yesterday.Hate to say it, but I would fill the extra holes and rewrap that kit in new silver sparkle (or your finish of choice). Then get the edges recut, which is the one thing I wouldn't do myself, and go back to original Ludwig hardware.
As K.O. mentioned, the excess holes reduce their value, other than your sentimental value. But to make them look like when you played them in high school, with some brand-spanking new bearing edges & shiny silver sparkle finish.
I love mint condition vintage drums, don't get me wrong. But to bring an old set that needs some love back to life is more rewarding. I love to refinish the abused ones!
(Edit - I'd also look for some badges on here or ebay.)