According to all the books, this gun doesnt exsist. Well, I know there is at least one. The Rifle is a S&W 1500 made in Japan to Smith specifications. Meaning it is a Howa rebranded to a Smith. From all indications the gun was only made starting in 1982 and discontinued in 1984. My first thoughts are a rebarreled rifle, but it doesnt appear to have been messed with. It came with a fixed 6X Luepole scope, or at least thats whats on the rifle now. Serial number is PN78156. I am hopeing somone can verify that the S&W 1500 did come in 338 winmag caliber, even tho All printed information suggest the rifle was never offered in .338 win mag. 7mm rem mag and 300 mg, yes, but not .338. The gun was bought in a lot with other S&W rifles from an estate sale. And thats all I know about the rifle's history. I do know Howa made the same rifle for Mossberg and as a Weatherby Vanguard and some of those where offered in 338 win mag, but never offered the cartridge in a Smith.