The only #1 30-30 I know of in private hands is in a buddy's safe, circassian stocked, probably will never be fired, so your ideas are probably right about collector interest, even though he is no cllector. I've handled it a couple of times and it is special for sure. These did take a bit of time to sell out as I recall due to the fact that Lipseys released 4 different special edition #1 versions at the same time, so it took a little time to sell all 1000 or so. If you want one, jump on it fast before some one else does, the price is more than fair IMO. And as you say, they do not show up for sale very often. If you check Gun Broker, the 7.62 x 39 new edition clean-ups have a price similar to or higher than the one you looking at, and must add shipping and transfer to that price.