Smith and Wesson Model 40 Light Rifle

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Hi There! I recently came across a Smith and Wesson Model 40 Light Rifle and it seems to be a real oddity in the firearm world. Before you get too excited, the rifle is in VERY rough shape and is missing most of the internal parts and stock. I was wondering in anyone has any information about this model that isn't readily available on the internet. There is a bit of information that comes up on Google and it is fascinating! The SN is 1497 and it is a MK1. Is there any chance that this could have made it overseas? It would be hard to believe that this rifle was released to the public in 1975 and this much neglect could have happened in that short time. Is there any value to this as it stands?
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That's my first instinct due to the condition. There were about 200 released from the factory to the C and R market in 1975 and I would find it hard to believe that this would be in this shape if it was one of them. The rest were reportedly destroyed by the brits at the end of WW2. Please don't let my opinion sway the discussion, I am here to learn.
 
So, I got a letter back from Roy Jinks from the Smith & Wesson historical society and, he says that this serial number was never assembled and it was destroyed and buried.
 
So, I got a letter back from Roy Jinks from the Smith & Wesson historical society and, he says that this serial number was never assembled and it was destroyed and buried.

Burried maybe but not destroyed. Is Roy saying your gun does not exist?
 
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