Hi Richard,
Have you checked the 'volume control' resistance from the antenna terminal to ground? To keep from measuring the coil resistance, I would remove the wire going to the coil from the control center terminal. Now, one dumb question. Do you have an antenna connected to the antenna terminal, say up to 30 feet in length? An antenna will have to be connected.
Radiodoc
Go over that front end with a fine-toothed comb, checking continuity, values, etc.
You reported that the volume goes up when you touch the "Coil #5." If I'm reading the schematic correctly, #5 is a cap -- did you mean the Antenna Coil, #2?
Hey Guys,
Could it possibly be something as simple as adjusting the compensating condensers as outlined on the page with the schematic?
Radiodoc