RE: Iver Johnson 50th Anniversary 1941-1991 M1 Carbine
Put it this way: the cheapest carbine I've seen in the last 5 years was an IAI reproduction and it cost $400. All of the GI carbines I've seen in the same period of time have been in the $500-800+ range.
Iver johnsons are reproduction carbines, but not necessarily made to GI specifications. If the rifle functions well, its worth the $300.