Prices are still up there on pre 64 94's in Michgan here, they have backed off a little, but not much. I paid 399 for a 1963 in very good shape, what sold me was shining a light down the bore, rifling was in excellent shape all the way to the end of the bore. Very nice original bluing and wood was very nice, no scratches. Check the rifling out, you want it to be able to shoot well. I'm taking it for granted you will shoot this and use it, cause I'll tell you right now it's worth more as a shooter than a collectors item. There are too many of these out there to be able to make a bunch of money on them as a collector item IMO. I would say if this rifle you have your eye on is in really good shape and still has nice sharp rifling, it just depends on how bad you want it as a shooter. In this part of Michigan, a 94 made in the 40's in great shape does go for about the price you mentioned. I'd try to talk them down if at all possible though.