4.5 mm is close enough to 5 mm to get it wrong. How certain are you that you have metric threads? At this difference, parallax errors are quite large. You might have a 5 mm thread, but are reading it a little too small at 4.5 mm.
Find a bolt that you are certain of its size and compare diam. and thread pitch, as someone else has mentioned.
4.8 mm is 3/16 of an inch and that is too close to 5 mm to be sure either way.Dave
8 mm is the same as 5/16 th of an inch, so beware until you know what thread you are seeing.Dave