A few thoughts here:
1) Most Winchester commemoratives were made in far greater numbers than are reasonable for a “collectible” firearm, which is largely based on rarity or scarcity. But to be fair, Winchester called them what they were “commemoratives”. If they were limited editions, Winchester was pretty open about the numbers to be made. It they were not a “1 of 100”, 1 of 1000”, etc, the buyers could expect them to be not particularly rare.
2) Quality varied.
The not so good:
For example they made just over 102,000 Centennial rifles in 1966, they made just over 97,000 Canadian Centennial rifles in 1967, and they made just under 113,000 Buffalo Bill commemoratives in 1968. Those are huge numbers for a commemorative and about 100 times the number for a truly collectible rifle. Quality in terms of fit and function was also no better than the immediate post 63 Model 94s.
Winchester started to taper off on the numbers with just under 70,000 of the Golden Spike commemoratives and around 52,000 of the Teddy Roosevelt commemoratives in 1969, around 27,000 of the Cowboy and around 38,000 of the Lone Star in 1970, and around 44,000 of the NRA Musket in 1971.
After that Winchester capped the most prolific of the commemoratives at 19,999 (and most were made in far smaller numbers) with the exception of 49,000 John Wayne commemoratives made in 1981.
The really good:
On the other hand the commemoratives made during the XTR era were completed in terms of fit and finish to the higher XTR standard. That’s partly why they were made in smaller numbers. Winchester started using the “XTR” grade in 1978 and it was preceded by higher quality in the commemorative rifles, and a commensurate jump in price, in 1976.
3) These 1978-1989 XTR era commemoratives can be very affordable means to acquire an otherwise hard to find rifle.
For example I have two Legendary Frontiersman rifles. At the time, Winchester was not producing the Model 94 in .38-55, and even now, you can find an LF for around $800 in mint to excellent condition compared to around $1800 for a standard Model 94 rifle or north of $2K for a comparable deluxe model.
Accuracy wise, both my LFs compare very well to my Miroku made Model 94 in .38-55 in terms of function and accuracy. The checkering and finish is also excellent.
More significantly, the LF has a 24” lightweight profile round barrel that gives it exceptional balance, compared to the current 20” and 24” Winchester Rifles, weighing the same as the current 20” rifle, but with the ballistic efficiency of a 24” barrel.
The fit and finish is slightly better than the current Miroku made guns, and to be honest the Uberti in the center has better wood to metal fit than either of the Winchesters.