My local shop has a couple of M1 Carbines. Usually priced at around $800, they are waaaay out of my price range currently. However, One came in two days ago for $350. The stock has a minor crack in it that has been repaired. The action looks a little dirty, but otherwise the gun looks alright. Very similar to this one:
http://deactivated-guns.co.uk/detail...m1_carbine.htm
Obviously, it is not in the same condition as the one pictured. This one looks like its been through some tough times. But.... the only other issue is that there is no rear sight. Big deal, though. I can order a new stock and the sight for less than $500 (for damned sure).
What are your opinions with this rifle? Is there anything in particular about this rifle that I should be looking for? As it stands, I'm probably going to walk in there tomorrow with cash in hand and demand they hand it over.

I have a thing for old surplus rifles. I've already been over to surplusrifle.com and looked-up all their goodies - I just want the opinions of you all.