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The 770 isn't parts that didn't make the cut for a 700, it's not cheap wine from a batch of good, or anything of the sort. The 770 is a POS that Remington put out to fill a niche market for the bargain minded and occasional deer hunter. It's geared toward being sold to people who don't do their research and want nothing but cheap, it looks similar to the more expensive version, therefore it can't be that different.
My advice, sell it to someone else learning and looking and let them learn the lesson that you just did.
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