i too bought one last year, and have had zero problems with mine yet. mine is the American Classic II in full size. shoots everything fed through it, with no issues. mine was bought used, in near perfect condition. i have shot about 400-500 rounds through it and works as well with jhp as it does with fmj bullets. i gave $450 for mine, if i remember correctly. mine is a joy to shoot and even my dad likes shooting it as well. IMO, if it's in very good condition, $400 is a good price. the only shortcoming i have had an issue with, are the magazines, as they could be better. but i have not found this to be that much a problem as most of us will want more magazines anyways.