A "72" serial number prefix could be from 1976 or 1977. The 1977 production run of 77s started with 72-38101. You can find this information at www.ruger.com on the customer service tab under Instruction Manuals & Product History. Your Son's "77" prefix rifle was produced in 1983 or 1984.

You won't know how well it shoots until you shoot it. If you're going to shoot factory ammo, I'd suggest trying it with Hornady American Whitetail brand, as all of American Whitetail ammo that I've used has shot good groups in multiple rifles.