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Springfield 87M was proposed by Savage Arms as a training rifle for the military which had adopted the M! 30-06 rifle however the govt did not accept this rifle and Savage ended up selling it to the civilian market. 300 rifles were built. They were expensive back in 1940 and did not sell so was discontinued as Springfield brand. Sears bought some under the Ranger brand.
2010 one sold at auction for $1000. In 2012 one sold at auction for $1200 ( both without the scope).
Springfield brand was discontinued shortly after WW11 ( 1946-48).
The action of the rifle is also known as Springfield 87A and sold to a wide variety of retailers who sold it under their own private labe.
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Price of substitutes and complements vs price of commodities?
Relationship of good price to price of substitutes and complements: 1) Substitutes: as the price of substitutes for a good falls, the price of a good must fall in order to maintain demand. 2) Complements: as the price of complements falls, the price of a good can increase and still maintain the same level of demand.
If the price of a good is zero is it a scarce good?
No. The more rare a good, and the more demand, the higher the price will be.
What is the importance of price in the production of goods?
The price in the production of goods determines if the country will import or export the good. If the country's price is above the world price, it will import the good because it will be cheaper for them to buy it than to make it. If the country's price is below the world price, it will export the good because it can produce the good at a lower price than the rest of the world.
What is a price ceiling and a price floor?
Price ceiling- a legal maximum price that may be changed for a particular good or service. Price floor- a legal minimum price below which a good or service may not be sold.
A minimum price for a good or service?
price floor
Does a picture of a Springfield rifle model 87m exist?
My Gun Trader's Guide doesn't list an "M" version and doesn't picture the model 87, but if you go to the library and locate this book on the shelf, I'll bet you can find a picture in one of the nearby volumes. If you can't find it under Springfield, look for Stevens and Savage. Stevens division of Savage Arms made it. If there's an 87M with any of their names, it will be the same gun.
When will the Springfield SDX 45 Cal handgun be available for purchase and what will it be selling for?
$500.00 is a good price.
What is the age and history of the Springfield 87M?
the springfield 87m was a product of the savage/ stevens arms company and was a variation of the stevens 87a action. The company used the springfield name to cash in on the popularity of the springfield armory military 1903/ 1903A bolt action rifle as well as the newly adopted M1 Garand rifle. The rifle was placed in a walnut looking stock and rumor had it that the rifle was produced as a possible military garand like training rifle however the rifle was never accepted by the Govt. Approx 300 rifles were produced around 1940 and ended up being sold to commercial accounts. The rifle was very expensive back then and did not sell well. The Springfield name was discontinued around 1946-48. None of the 300 rifles had serial numbers however a number can be found on the underside of the military metal butt plate on the end of the stock. A later version of the 87M was produced for SEars under the name Ranger 101.16. Three versions of the 87M are out in the market. One has open sights. The other two feature a Weaver 330 scope similiar to the one produced for the military. The scopes are on two distinct mounts- one sits high and the rifle had the front sight intact. The other is on a low mount and the front sight is removed. All three rifles feature a military leather sling. Recent auction in 2010 brought $1000 and March, 2012 an 87M without the scope brought $1200. The 87M is appreciating rapidly and examples in good condition are very hard to find. While prices for everyday 87A rifles are between 100-200 dollars, the 87m has taken on the mystique of the " rifle that should have been a garand trainer or were the 300 prototypes that the govt decided not to buy". Some have called the 87M a " T1" trainer, however the T1 was a Pederson prototype 7mm rifle that was in competition with the Garand " T3" prototype as a replacement for the military 1903/1903A springfield Armory bolt action rifle. General MdArthur demanded that the calibre be changed to 30-06 and the Garand was the winner of the competition/ placed into mass production 1940. The action of the 87M is nicknamed " Gill Gun" due to the vents on the left side of the receiver. The 87 action is also called " Clickity Clack" guns referring to the sound of the semi- auto action when fired. The rifle is accurate and fun to shoot. No production records exist as a factory fire destroyed all records. Internet web sites list perhaps two dozen or less rifles based on the production number on the underside of the stock butt plate.
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