That's right. Mauser has never assigned a name to "714". More commonly seen "712" was not called as "712" by Mauser either.
Selective firing "712" came from US importer Stoeger in 1930s. Stoeger called semi-auto only version "Genuine Mauser Twenty Shot 7.63 m/m Pistol". In 1980s, another US importer assigned "714" to their products which does look a few percent like Mauser. Since all these designations were not factory anyway, Navy Arms was so imaginative, plus "714" is a shorter name, it does not hurt to call it 714.
Being a rare variation too. Stoeger price was $100 in 1930s, coming with a 10-shot and a 20-shot magazine. Translating into today's dollar value, roughly $3600.
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