Remington Model 700 CDL in 264 Win Mag

I’d slap a VX5 on it.

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Also would welcome suggestions for a decent optic.

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Budget?

The rifle and caliber are both fine. Once you decide what ammo you like stock up on it. Don't see 264 wm on the shelf all that much anymore.

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Just acquired this rifle, intend to make it my deer gun although I’m not really familiar with the caliber. Thoughts?

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Much better than 6.5 PRC for hunting. A PRC can't reach the same velocities.

I need to take up reloading, although most of my other firearms are common and relatively inexpensive to shoot

Definitely keep your brass. That may be the only way to get ammo in the future.

Someone commented that it is close to a 270 Win. Energy and velocity wise it is closer to a 7 Mag. Essentially it is a 6.5 mm Mag

I’m firmly in the guns are tools camp, nothing wrong with using it for what it was made for, but there’s a good chance what you have there is more valuable to a collector than to you as a daily driver deer rifle. I don’t think many 700s were made in 264wm. Awesome cartridge that was way ahead of its time but ammo is going to be really hard to come by, and reloading it is going to come with some challenges. I’d be tempted to get what I could for it and buy something more suited for dragging around in the woods and shooting more than a couple rounds a year, assuming it’s just another rifle to you.

Bore is in great shape, appears to have been seldom used. Beautiful firearm