That's $50 to $100 too high. Big 5 in my area has them on sale for $99.00 this week with a normal price of $159.00 when they have them (usually the M91/30, but sometimes the M38 and M40).
Cheaper than dirt will sell you 440 rounds of surplus 7.62x54r for $95 plus shipping (about $25), so that works out to about $0.28 a pop (bang?).
99 is a good price for a steady Mosin...do you know what issue?
oddly I had lunch with a national sales manager from Des Moines yesterday
he said this is big news there and folks are pissed...well as pissed as Iowans get