Quoted:
the gun is maybe worth 50-100 if it was in good shape. They were all made by mossberg and branded out. Good guns will last forever but you will spend more on the stock than the gun is worth. if you plan on hunting with them they are great, if you plan on shooting skeet with them the people at the skeet range will put there noses in the air. Most bolt action shotguns are hated by shotgun enthusiasts. Personally I love em.
Nope - Hi-Standard (583 was the Sears code for High Standard).
They started with 583.1 (12ga), 583.2 (16 ga), and 583.3 (20 ga). Next year they just kept the number sequencing - 583.4, 583.5, 583.6, etc. The stocks for the same gauges are the same.
The recall was for 12ga guns only and was for a "broken bolt". This was misleading - the bolt proper has a bolt stop in the form of a screw that engages the receiver. If that set screw (or "bolt" to lawyers) was loose, rapidly cycling the action would break it, allowing the shooter to pull the bolt proper out from the action and bonk themselves on the nose, which was apparently the actual lawsuit at the root of the recall.
Here's where it gets funny: The recall offered $125 if you sent in the bolt, which was more than the gun was worth. So gunsmiths and gunshops all sent these in and collected the $125. So now there are thousands of these on the market being sold for cheap as "missing bolt" - only bolts for them are rare as hen's teeth.
And even better: the recall was ONLY for 12ga, not the others - despite them being the exact same design.
I bought 2, one in 16ga and one in 20ga for slug guns - here in the People's republic of Maryland it's slugs only where we hunt. The real attraction was the tube magazine - no removable (read "lose-able") magazine. Shorten up the barrel, open up to cylinder, and add some ghost ring sights and it should be good to go.