This is a standard receiver from a 1948 Model 70 rifle, stamped with the serial number 87755. This was one of the first full "post-war" receivers; all the features of the "pre-war receivers had been phased out when this receiver was produced.
Bluing - The bluing shows some wear and fading, including some bluing loss on the rails, on the recoil lug, and in the tang area. There are also some marks where a receiver sight had been mounted. Overall bluing grades at 85%.
Metal - Overall, the metal of this receiver is in very good condition. There is light freckling on the recoil lug, but no other significant marks or metal damage.
We use the NRA Modern Gun Condition Standards Grading System for grading part conditions. You can read about it HERE
NOTE: Laws governing transfer of firearms require that receivers be shipped to an FFL holder. If you do not hold an FFL or C&R license, you will need to enlist the services of an FFL to complete the transfer. If needed, we are happy to assist you in locating an FFL holder near you who can complete the transfer on your end.