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Bogdanovich's book is murky about this and a number of other details.
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+10
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Over 300,000 24/47's were eventually produced (yes, right up to 1957)....not just roughly 120,000, as your post suggests.
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After consideration I agree. There are too many M24/47's on the market to have been from a 120k stockpile. With the wide variety of marking there had to be numerous facilities refurbing them.