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I have/had about 3 dozen Mod. 70s, all P-64s and currently have ten; I consider this to be a minor defect, BUT, unless you hunt/work in Grizzly country and if the rifle functions correctly, I would just leave it.
The Mod. 70 is a VERY good rifle, but, it's extractor is not a proper Mauser 98 pattern and is not quite as reliable under certain kinds of stresses.....but, this is largely theoretical in most hunting conditions.
Test it thoroughly and then decide.
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