218 Bee in Winchester 65 or Browning 65|Winchester Swap Meet|Forum|Winchester Collector

I’m not sure about “NOS” if there’s no box but, otherwise, if the piece is in the condition advertised the price is not unreasonable. I never owned one but did buy a Model 53 32/20 I wish I hadn’t sold, and a Model 71. Both were very accurate and well-made reproductions, as well made as the originals. So many original Model 65s have been messed with — drilled and tapped — the few pristine originals are very expensive. If you want a model 65 to shoot, this looks like a good possibility.  

These guns were selling for about $800 USD new in the late Eighties. Inflation alone accounts for the current asking price, assuming equivalent conditions. 

If it means anything,  I sold all the Winchester Model 12 shotguns I’ve owned but I still have and use my Browning Models 12 and 42.