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Originally Posted by alvin
The darn thing is called "Schnellfeuer"....it's a gun produced in relatively high volume of near six digit, so they still show up on market from time to time today.
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There was one for sale at Waffen Bavaria in Munchen back in the mid-80's when I was there; price was ~$750 USD, IIRC...
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From some memoirs, it's selective firing, but it's still mainly used as a semi-auto. In emergency the operator could fire it in short-burst mode, it's superior and useful. For example, a running guy being chased by an enemy in close quarter at night, accurate aiming on the chaser was impossible, so he fired 3-4 rounds at the rough direction towards the chaser. In this scenario, it's much more effective than semi-auto.
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I thought I'd read that it was used in WW I as a 'trench sweeper', with stock attached, by the Sturm Battalions...