A couple of months ago, I shot in a match in Mission, B.C. One of the veteran competitors introduced his buddy to competitive shooting in the "Hunting Rifle" class by lending him his old Model 721 .300 Savage with some handloads.

The buddy shot some eye-opening groups at 300 yards with that rig, and this old rifle/cartridge combination definitely caught my attention.

If the rifle you're considering is in decent condition, you might be onto a great deal.