The chambering can make quite the difference. We’ve had two guys show up here recently with M54’s in .35 Whelen. A M54 in .35 Whelen is quite the find. The .35 Whelen was special order. A M54 in 7.65 x 53 or 9×57 Mauser would also bring much interest (even with a scope mount hole). While the 7.65 and 9mm were standard chamberings, they are rarely found.
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