I bought my first "M-1 Carbine" in 1978, it was the non M-1 but look alike, Universal ($99 OTD). It had a pot medal magazine well, that wouldn't retain a mag by the second summer I owned it. It was stole from the gunsmith while in for a replacement! He replaced it with a brand new Universal, which I dumped immediately! I have probably owned 20 different ones one or two at a time. I currently have a rebuilt Underwood (undated barrel) and a rebuilt IBM with a (as of 20 years ago, functioning) T-3 Night Scope attached.
I believe these are one of the most disparaged home defense weapons out there. If you buy junk foreign FMJ ammo, you should expect the poor results you get. I happened onto 8 (50round) boxes of Winchester 110 gr soft hollow pointed ammo. It shoots just fine (before my eyesight went south it did 2" at 100 from sandbags).
My wife has upper body strength issues like many women. She cannot offhand a full size 20" AR or a full size Mini-14, but she can handle a M-1 Carbine just fine.
Years ago at a gun show I bought an old wooden ammo crate of 99 M-1 Carbine 15 round mags for $3 each, I have kept several for myself and long ago sold the rest at $10 each. While both of my Carbines have bayonet lugs I never bothered with a bayonet (we prefer good field knives instead) I believe in using the oil bottle for both oil and the sling retainer!
Ivan
I once had a never rebuilt, but very used up IBM, imported from Korea. It had big white Korean characters on the buttstock. Nobody would pay $85 for it. I used Goof-off and removed the house paint Korean. Raised the price to $150 at the next show and sold it in the first 10 minutes. Turns out "The American Rifleman" that came the day before, but I hadn't read, had a very nice article about M-1 Carbines! I have never seen one for sale at less than $200 from that minute on! (circa late 80's)
ITB