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I'm a little late to this party, out of town for work with no internet all week, but I'll speak to some of the questions in the OP and a few others that came up along the way.
RE Mosin Nagant, ammo, suitability for hunting. The cartridge with proper soft point ammo is absolutely suitable for hunting big game. Stay away from the 203 grain stuff, it's a little hard for deer sized game. Look to PRVI Partizan manufactured 150 grain soft point. It is fine, accurate ammo and works well on deer, I've used it. The rifle can be utilized for hunting, but is probably not optimal. It is best used with open sights or a scout mount and long eye relief scope as mentioned above, as attaching a receiver mounted scope requires modification of the bolt handle. There are a fair number out there that have had this work done with quality workmanship, those can generally be had for a lower price than unmodified mosin-nagants. The Finnish made rifles tend to be better all around. The safety is a pain to use while hunting. I generally use my modified carbine (finished Bubba's job on a $40 garage sale rifle) afield with the safety on while carrying, off with bolt handle up while stationary.
If you are interested in a Military arm suitable for hunting for the sake of having a military arm, the mauser pattern rifles either in 7mm, 8mm or .308 are a much better fit hunting wise. Do some research on how to identify the Model 98 vs. the Model 93 or 95 pattern. The latter 2 may not be safe with modern loads. Many examples of sporterized rifles can be had from garage hack jobs to fine custom pieces for a reasonable price, and unmodified military versions are also relatively affordable barring any special collectability factors. The Swedish M96 pattern rifles are especially good, and priced accordingly. That being said, I would consider an inexpensive modern rifle in .308 as your first rifle due to cost, ammunition availability, and to gain some experience before you dive into the world of military surplus. There are many fine rifles out there, also many mismatched, shot-out, potentially unsafe or just troublesome lemons out there if you don't know what you're looking for. A modern, new or recent production rifle will get you something engineered to be safe and reliable in the hands of inexperience with any ammunition of correct caliber you can buy at the store. They weren't so carful in the days of the bolt action service rifle, and many out there have some rough mileage on them.
RE Mosin Nagant, ammo, suitability for hunting. The cartridge with proper soft point ammo is absolutely suitable for hunting big game. Stay away from the 203 grain stuff, it's a little hard for deer sized game. Look to PRVI Partizan manufactured 150 grain soft point. It is fine, accurate ammo and works well on deer, I've used it. The rifle can be utilized for hunting, but is probably not optimal. It is best used with open sights or a scout mount and long eye relief scope as mentioned above, as attaching a receiver mounted scope requires modification of the bolt handle. There are a fair number out there that have had this work done with quality workmanship, those can generally be had for a lower price than unmodified mosin-nagants. The Finnish made rifles tend to be better all around. The safety is a pain to use while hunting. I generally use my modified carbine (finished Bubba's job on a $40 garage sale rifle) afield with the safety on while carrying, off with bolt handle up while stationary.
If you are interested in a Military arm suitable for hunting for the sake of having a military arm, the mauser pattern rifles either in 7mm, 8mm or .308 are a much better fit hunting wise. Do some research on how to identify the Model 98 vs. the Model 93 or 95 pattern. The latter 2 may not be safe with modern loads. Many examples of sporterized rifles can be had from garage hack jobs to fine custom pieces for a reasonable price, and unmodified military versions are also relatively affordable barring any special collectability factors. The Swedish M96 pattern rifles are especially good, and priced accordingly. That being said, I would consider an inexpensive modern rifle in .308 as your first rifle due to cost, ammunition availability, and to gain some experience before you dive into the world of military surplus. There are many fine rifles out there, also many mismatched, shot-out, potentially unsafe or just troublesome lemons out there if you don't know what you're looking for. A modern, new or recent production rifle will get you something engineered to be safe and reliable in the hands of inexperience with any ammunition of correct caliber you can buy at the store. They weren't so carful in the days of the bolt action service rifle, and many out there have some rough mileage on them.
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