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I offered him $11K for the rifle (which has had less than 20 rounds through it) but he wanted $12K.

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The second owner bought it on a lark.

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Hey 500, I'd bet the second owner bought it for the same reason you wanted it, to sell it for $16K, and make a nice $4K profit! WHAT-CHA-THANK??????????

You're right though, not a lot of folks need, or want a 577NE after trying one for a while! I had one a few years ago, and I have absolutely no drsire to own another one!