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The market will dictate the value. If someones willing to pay that then that's what its worth, same as anything else.
As in all other merchandise, this is absolutely true. The Enfield jungle carbines with the short barrels sell for $600 or so around these parts, so if someone would pay $16,000.00 then they must have something of value - to them at least. My mind's eye shows me the rain barrel at the hardware store with a bunch of $29 beaters dumped in it. And I still love the Enfield and think the world of it.
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Re: expensive .303