Definitely worth $50. I paid $99 for mine in pretty crappy shape outside but worked great with a red dot and it was worth every cent. Mines plenty accurate for plinking and shooting critters up to about 75 yards. Mags cost about $15 new.
Edit; dumb post, I thought you were talking about the Glenfield Model 60. My apologies. Though I'll still have to say that I have two Marlin rifles and both are very well built. I don't think you'll be disappointed.
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